M&T Bank Corp Purchases 203 Shares of Flutter Entertainment plc (NYSE:FLUT)

M&T Bank Corp lifted its position in Flutter Entertainment plc (NYSE:FLUT) by 11.3% in the 3rd quarter, Holdings Channel reports. The fund owned 1,995 shares of the company’s stock after acquiring an additional 203 shares during the quarter. M&T Bank Corp’s holdings in Flutter Entertainment were worth $469,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC purchased a new stake in Flutter Entertainment in the second quarter worth $40,000. Assenagon Asset Management S.A. grew its position in shares of Flutter Entertainment by 3.0% in the 2nd 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. Raymond James & Associates increased its stake in shares of Flutter Entertainment by 74.2% in the 2nd quarter. Raymond James & Associates now owns 16,685 shares of the company’s stock worth $3,043,000 after acquiring an additional 7,105 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Flutter Entertainment by 11.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 301,768 shares of the company’s stock valued at $55,030,000 after acquiring an additional 30,258 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Flutter Entertainment by 159.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 95,967 shares of the company’s stock worth $17,501,000 after acquiring an additional 58,907 shares in the last quarter.

Flutter Entertainment Trading Down 1.0 %

Flutter Entertainment stock opened at $273.17 on Wednesday. Flutter Entertainment plc has a one year low of $158.43 and a one year high of $284.79. The stock has a fifty day moving average of $253.34 and a 200 day moving average of $221.73.

Flutter Entertainment declared that its Board of Directors has authorized a stock buyback program on Wednesday, September 25th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 11.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

FLUT has been the subject of a number of analyst reports. Susquehanna raised their target price on shares of Flutter Entertainment from $273.00 to $286.00 and gave the company a “positive” rating in a research note on Wednesday, November 13th. UBS Group boosted their target price on Flutter Entertainment from $308.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Craig Hallum raised their price target on Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Needham & Company LLC upped their price target on shares of Flutter Entertainment from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, 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 note on Wednesday, November 13th. Sixteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $301.53.

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.