4,719 Shares in Flutter Entertainment plc (NYSE:FLUT) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new position in shares of Flutter Entertainment plc (NYSE:FLUT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,719 shares of the company’s stock, valued at approximately $861,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FLUT. Hollencrest Capital Management bought a new position in shares of Flutter Entertainment during the 1st quarter worth approximately $28,000. Assenagon Asset Management S.A. lifted its holdings in shares of Flutter Entertainment by 3.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,760 shares of the company’s stock valued at $1,053,000 after purchasing an additional 170 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Flutter Entertainment during the 2nd quarter valued at $37,000. CWM LLC acquired a new stake in shares of Flutter Entertainment in the 2nd quarter worth $40,000. Finally, YHB Investment Advisors Inc. purchased a new position in Flutter Entertainment during the 1st quarter worth $45,000.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FLUT. Morgan Stanley assumed coverage on Flutter Entertainment in a report on Thursday, August 22nd. They issued an “overweight” rating and a $247.00 price target for the company. JMP Securities reiterated a “market outperform” rating and issued a $255.00 target price on shares of Flutter Entertainment in a research note on Wednesday. Susquehanna upped their price target on shares of Flutter Entertainment from $222.00 to $230.00 and gave the company a “positive” rating in a research note on Wednesday, August 14th. BTIG Research lifted their price objective on shares of Flutter Entertainment from $245.00 to $249.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Finally, Oppenheimer upped their target price on Flutter Entertainment from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $246.44.

Flutter Entertainment Price Performance

Shares of Flutter Entertainment stock opened at $229.44 on Friday. Flutter Entertainment plc has a 1 year low of $148.00 and a 1 year high of $233.93. The firm has a fifty day moving average price of $205.68 and a 200 day moving average price of $200.40.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings data on Tuesday, August 13th. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $1.26. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.41 billion. As a group, equities analysts expect that Flutter Entertainment plc will post 4.75 EPS for the current year.

Flutter Entertainment Company Profile

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.