Flutter Entertainment (NYSE:FLUT) Sees Strong Trading Volume

Flutter Entertainment plc (NYSE:FLUT) saw strong trading volume on Tuesday . 877,739 shares traded hands during trading, an increase of 63% from the previous session’s volume of 538,676 shares.The stock last traded at $189.53 and had previously closed at $186.31.

Analysts Set New Price Targets

Several research firms recently commented on FLUT. Moffett Nathanson assumed coverage on Flutter Entertainment in a research note on Monday, May 6th. They issued a “buy” rating and a $240.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and set a $255.00 price target on shares of Flutter Entertainment in a research report on Wednesday, May 15th. JPMorgan Chase & Co. upgraded Flutter Entertainment from a “neutral” rating to an “overweight” rating in a research note on Wednesday, March 13th. Wells Fargo & Company restated an “equal weight” rating and issued a $210.00 price objective on shares of Flutter Entertainment in a research note on Wednesday, May 15th. Finally, Susquehanna dropped their price objective on shares of Flutter Entertainment from $249.00 to $235.00 and set a “positive” rating on the stock in a report on Thursday, May 30th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $5,464.10.

Flutter Entertainment Stock Up 2.0 %

The firm has a 50 day simple moving average of $192.93 and a 200 day simple moving average of $166.12.

Hedge Funds Weigh In On Flutter Entertainment

A number of large investors have recently modified their holdings of the company. Capital World Investors purchased a new stake in Flutter Entertainment in the 1st quarter worth approximately $2,880,796,000. Capital Research Global Investors bought a new position in shares of Flutter Entertainment in the first quarter worth $2,418,032,000. Vanguard Group Inc. purchased a new stake in shares of Flutter Entertainment in the first quarter worth $1,578,442,000. Capital International Investors bought a new stake in Flutter Entertainment during the first quarter valued at $507,170,000. Finally, Swiss National Bank purchased a new position in Flutter Entertainment during the first quarter worth about $119,485,000.

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.