107,620 Shares in Flutter Entertainment plc (NYSE:FLUT) Purchased by Blue Whale Capital LLP

Blue Whale Capital LLP acquired a new position in shares of Flutter Entertainment plc (NYSE:FLUT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 107,620 shares of the company’s stock, valued at approximately $19,626,000. Flutter Entertainment makes up about 1.7% of Blue Whale Capital LLP’s investment portfolio, making the stock its 17th biggest holding. Blue Whale Capital LLP owned approximately 0.06% of Flutter Entertainment as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Hollencrest Capital Management acquired a new position in Flutter Entertainment in the first quarter worth about $28,000. Assenagon Asset Management S.A. lifted its position 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 worth $1,053,000 after buying an additional 170 shares during the period. Rothschild Investment LLC bought a new stake in Flutter Entertainment in the second quarter valued at $37,000. CWM LLC acquired a new position in Flutter Entertainment during the second quarter worth $40,000. Finally, YHB Investment Advisors Inc. bought a new position in shares of Flutter Entertainment during the first quarter valued at $45,000.

Flutter Entertainment Trading Up 1.1 %

FLUT stock opened at $231.86 on Friday. The stock has a 50-day moving average price of $206.17 and a two-hundred day moving average price of $200.52. Flutter Entertainment plc has a 1 year low of $148.00 and a 1 year high of $234.54.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FLUT. Benchmark reissued a “buy” rating and set a $255.00 price target on shares of Flutter Entertainment in a report on Wednesday, August 14th. Susquehanna lifted their price target on Flutter Entertainment from $222.00 to $230.00 and gave the company a “positive” rating in a report on Wednesday, August 14th. Barclays initiated coverage on shares of Flutter Entertainment in a research report on Thursday, September 12th. They issued an “overweight” rating and a $263.00 price objective for the company. BTIG Research upped their target price on shares of Flutter Entertainment from $245.00 to $249.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, Oppenheimer increased their price target on shares of Flutter Entertainment from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Flutter Entertainment currently has a consensus rating of “Buy” and a consensus price target of $246.44.

Flutter Entertainment 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.