Flutter Entertainment (NYSE:FLUT) Reaches New 52-Week High at $252.81

Flutter Entertainment plc (NYSE:FLUT)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $252.81 and last traded at $248.15, with a volume of 724774 shares trading hands. The stock had previously closed at $228.17.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley began coverage on shares of Flutter Entertainment in a report on Thursday, August 22nd. They set an “overweight” rating and a $247.00 price objective for the company. BTIG Research boosted their price target on shares of Flutter Entertainment from $245.00 to $249.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Needham & Company LLC began coverage on Flutter Entertainment in a research note on Monday. They set a “buy” rating and a $270.00 price objective on the stock. Berenberg Bank raised Flutter Entertainment to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, Barclays began coverage on Flutter Entertainment in a research report on Thursday, September 12th. They set an “overweight” rating and a $263.00 price target on the stock. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $248.80.

Flutter Entertainment Trading Up 9.0 %

The firm has a 50-day moving average of $207.03 and a 200 day moving average of $200.42.

Flutter Entertainment (NYSE:FLUT) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $1.26. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.41 billion. Equities analysts predict that Flutter Entertainment plc will post 4.75 EPS for the current fiscal year.

Institutional Trading of Flutter Entertainment

A number of institutional investors have recently bought and sold shares of FLUT. Capital World Investors acquired a new stake in shares of Flutter Entertainment in the first quarter valued at approximately $2,880,796,000. Capital Research Global Investors acquired a new stake in shares of Flutter Entertainment during the 1st quarter worth $2,418,032,000. Vanguard Group Inc. bought a new position in shares of Flutter Entertainment in the first quarter worth $1,578,442,000. Hsbc Holdings PLC raised its stake in Flutter Entertainment by 10.9% in the second quarter. Hsbc Holdings PLC now owns 6,189,639 shares of the company’s stock valued at $1,131,079,000 after purchasing an additional 608,003 shares in the last quarter. Finally, Capital International Investors bought a new stake in Flutter Entertainment during the first quarter worth about $507,170,000.

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.