Canton Hathaway LLC Invests $240,000 in Flutter Entertainment plc (NYSE:FLUT)

Canton Hathaway LLC bought a new stake in Flutter Entertainment plc (NYSE:FLUT) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,010 shares of the company’s stock, valued at approximately $240,000.

Other large investors also recently bought and sold shares of the company. US Bancorp DE raised its position in Flutter Entertainment by 71.7% during 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. Bleakley Financial Group LLC lifted its position in Flutter Entertainment by 4.6% in the third quarter. Bleakley Financial Group LLC now owns 3,105 shares of the company’s stock worth $737,000 after buying an additional 136 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Flutter Entertainment by 3.0% during the second quarter. Assenagon Asset Management S.A. now owns 5,760 shares of the company’s stock worth $1,053,000 after buying an additional 170 shares during the period. Rothschild Investment LLC bought a new position in Flutter Entertainment during the second quarter valued at $37,000. Finally, CWM LLC purchased a new stake in shares of Flutter Entertainment in the second quarter valued at $40,000.

Analyst Ratings Changes

Several equities analysts recently commented on FLUT shares. Needham & Company LLC upped their price target on shares of Flutter Entertainment from $270.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Craig Hallum increased their price target on Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Barclays boosted their price objective on Flutter Entertainment from $275.00 to $301.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Wells Fargo & Company increased their target price on Flutter Entertainment from $295.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Oppenheimer boosted their target price on shares of Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Flutter Entertainment has a consensus rating of “Buy” and a consensus target price of $297.79.

Flutter Entertainment Trading Up 0.4 %

Shares of NYSE:FLUT opened at $276.68 on Monday. Flutter Entertainment plc has a 12-month low of $150.65 and a 12-month high of $276.68. The business’s fifty day simple moving average is $238.69 and its 200-day simple moving average is $212.74.

Flutter Entertainment declared that its Board of Directors has approved a share buyback program on Wednesday, September 25th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the company to purchase up to 11.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board 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.