1,727 Shares in Flutter Entertainment plc (NYSE:FLUT) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new position in shares of Flutter Entertainment plc (NYSE:FLUT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,727 shares of the company’s stock, valued at approximately $410,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA purchased a new position in Flutter Entertainment during the 3rd quarter worth $849,474,000. Cantillon Capital Management LLC boosted its position in shares of Flutter Entertainment by 3,827.8% during the 3rd quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company’s stock worth $568,851,000 after purchasing an additional 2,336,347 shares in the last quarter. Marathon Asset Management Ltd acquired a new position in shares of Flutter Entertainment during the 3rd quarter worth $451,631,000. AustralianSuper Pty Ltd acquired a new position in Flutter Entertainment during the third quarter worth about $228,313,000. Finally, Marshall Wace LLP increased its holdings in Flutter Entertainment by 339.2% in the second quarter. Marshall Wace LLP now owns 1,076,739 shares of the company’s stock valued at $196,354,000 after buying an additional 831,585 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently weighed in on FLUT shares. UBS Group raised their price objective on Flutter Entertainment from $308.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group began coverage on shares of Flutter Entertainment in a research report on Friday, November 22nd. They set a “buy” rating and a $320.00 target price for the company. BTIG Research raised their price objective on shares of Flutter Entertainment from $249.00 to $305.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Susquehanna increased their target price on Flutter Entertainment from $273.00 to $286.00 and gave the company a “positive” rating in a report on Wednesday, November 13th. Finally, Oppenheimer boosted their price target on Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Fifteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $298.79.

Flutter Entertainment Trading Up 1.1 %

Shares of NYSE:FLUT opened at $276.32 on Friday. Flutter Entertainment plc has a 1 year low of $150.65 and a 1 year high of $279.04. The stock has a 50-day simple moving average of $243.32 and a 200-day simple moving average of $215.17.

Flutter Entertainment announced that its Board of Directors has approved a stock repurchase plan on Wednesday, September 25th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 11.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

About Flutter Entertainment

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.