Metis Global Partners LLC Sells 592 Shares of Flutter Entertainment plc (NYSE:FLUT)

Metis Global Partners LLC trimmed its position in Flutter Entertainment plc (NYSE:FLUT) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,171 shares of the company’s stock after selling 592 shares during the quarter. Metis Global Partners LLC’s holdings in Flutter Entertainment were worth $1,227,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in shares of Flutter Entertainment in the second quarter valued at approximately $37,000. CWM LLC acquired a new position in shares of Flutter Entertainment in the second quarter valued at $40,000. US Bancorp DE raised its position 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 purchasing an additional 99 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Flutter Entertainment during the 3rd quarter worth about $82,000. Finally, Hilltop National Bank bought a new stake in shares of Flutter Entertainment during the 2nd quarter worth about $101,000.

Flutter Entertainment Trading Down 0.6 %

Flutter Entertainment stock opened at $265.45 on Friday. Flutter Entertainment plc has a 12-month low of $149.00 and a 12-month high of $269.90. The business’s 50-day moving average price is $233.95 and its two-hundred day moving average price is $210.01.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. 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 report on Monday, November 11th. JMP Securities boosted their price target on Flutter Entertainment from $287.00 to $299.00 and gave the company a “market outperform” rating in a research note on Wednesday. Needham & Company LLC increased their price objective on Flutter Entertainment from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday. Bank of America began coverage on shares of Flutter Entertainment in a research report on Monday, October 14th. They issued a “buy” rating and a $300.00 target price for the company. Finally, Susquehanna lifted their price objective on shares of Flutter Entertainment from $273.00 to $286.00 and gave the stock a “positive” rating in a research note on Wednesday. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $296.08.

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.