Flutter Entertainment (NYSE:FLUT) Sees Large Volume Increase

Flutter Entertainment plc (NYSE:FLUT) shares saw unusually-high trading volume on Friday . Approximately 580,170 shares were traded during trading, a decline of 22% from the previous session’s volume of 747,642 shares.The stock last traded at $213.54 and had previously closed at $210.24.

Analysts Set New Price Targets

FLUT has been the topic of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Flutter Entertainment in a research note on Thursday, August 22nd. They set an “overweight” rating and a $247.00 price objective on the stock. Moffett Nathanson initiated coverage on shares of Flutter Entertainment in a research note on Monday, May 6th. They set a “buy” rating and a $240.00 price objective on the stock. Wells Fargo & Company raised their price objective on shares of Flutter Entertainment from $218.00 to $224.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Susquehanna raised their price objective on shares of Flutter Entertainment from $222.00 to $230.00 and gave the company a “positive” rating in a research note on Wednesday, August 14th. Finally, Oppenheimer raised their price objective on shares of Flutter Entertainment from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $1,995.00.

Flutter Entertainment Price Performance

The company’s 50-day simple moving average is $197.69 and its 200-day simple moving average is $197.30.

Hedge Funds Weigh In On Flutter Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new position in Flutter Entertainment during the 1st quarter worth approximately $28,000. Rothschild Investment LLC acquired a new stake in shares of Flutter Entertainment during the 2nd quarter valued at $37,000. CWM LLC acquired a new stake in shares of Flutter Entertainment during the 2nd quarter valued at $40,000. YHB Investment Advisors Inc. acquired a new stake in shares of Flutter Entertainment during the 1st quarter valued at $45,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Flutter Entertainment during the 1st quarter valued at $45,000.

About Flutter Entertainment

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.