Arthur M. Cohen & Associates LLC Has $361,000 Position in Flutter Entertainment plc (NYSE:FLUT)

Arthur M. Cohen & Associates LLC lowered its stake in shares of Flutter Entertainment plc (NYSE:FLUT) by 8.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,530 shares of the company’s stock after selling 135 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in Flutter Entertainment were worth $361,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new position in Flutter Entertainment in the first quarter worth about $395,000. Nordea Investment Management AB acquired a new position in Flutter Entertainment in the first quarter worth about $1,656,000. Mediolanum International Funds Ltd acquired a new position in Flutter Entertainment in the first quarter worth about $2,897,000. Capital Wealth Planning LLC acquired a new position in Flutter Entertainment in the first quarter worth about $857,000. Finally, Forsta AP Fonden acquired a new position in Flutter Entertainment in the first quarter worth about $4,836,000.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FLUT shares. BTIG Research raised their price objective on shares of Flutter Entertainment from $245.00 to $249.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Susquehanna increased their price target on shares of Flutter Entertainment from $230.00 to $273.00 and gave the company a “positive” rating in a research note on Monday, October 7th. Craig Hallum increased their price target on shares of Flutter Entertainment from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Wells Fargo & Company reissued an “overweight” rating and set a $295.00 price target on shares of Flutter Entertainment in a research note on Wednesday, October 30th. Finally, Moffett Nathanson increased their price target on shares of Flutter Entertainment from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Thirteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Flutter Entertainment has an average rating of “Buy” and an average price target of $275.92.

Flutter Entertainment Trading Down 0.2 %

Shares of NYSE:FLUT traded down $0.48 during midday trading on Tuesday, reaching $226.65. 96,930 shares of the company were exchanged, compared to its average volume of 1,079,825. Flutter Entertainment plc has a fifty-two week low of $148.00 and a fifty-two week high of $252.84. The stock has a fifty day simple moving average of $227.00 and a two-hundred day simple moving average of $206.31.

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

Flutter Entertainment declared that its Board of Directors has approved a share repurchase plan on Wednesday, September 25th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits 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 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.