Flutter Entertainment plc (NYSE:FLUT) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its holdings in Flutter Entertainment plc (NYSE:FLUT) by 5.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,761 shares of the company’s stock after selling 99 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Flutter Entertainment were worth $418,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Rothschild Investment LLC bought a new position in Flutter Entertainment in the 2nd quarter valued at about $37,000. CWM LLC bought a new position in shares of Flutter Entertainment in the second quarter valued at approximately $40,000. US Bancorp DE boosted its holdings in shares of Flutter Entertainment by 71.7% in the third quarter. US Bancorp DE now owns 237 shares of the company’s stock valued at $56,000 after acquiring an additional 99 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Flutter Entertainment during the third quarter valued at approximately $82,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Flutter Entertainment during the third quarter worth approximately $190,000.

Wall Street Analysts Forecast Growth

FLUT has been the topic of several research analyst reports. Oppenheimer lifted their price target on Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Craig Hallum lifted their target price on Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Benchmark boosted their price target on shares of Flutter Entertainment from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Wells Fargo & Company raised their price objective on shares of Flutter Entertainment from $295.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group initiated coverage on shares of Flutter Entertainment in a report on Friday, November 22nd. They issued a “buy” rating and a $320.00 target price on the stock. Sixteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Flutter Entertainment has an average rating of “Buy” and an average price target of $301.53.

Flutter Entertainment Trading Down 2.9 %

Shares of FLUT stock opened at $265.41 on Thursday. Flutter Entertainment plc has a 1-year low of $158.43 and a 1-year high of $284.79. The stock’s fifty day simple moving average is $253.93 and its 200-day simple moving average is $222.04.

Flutter Entertainment declared that its board has authorized a stock buyback plan on Wednesday, September 25th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 11.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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.