IFC Advisors LLC Purchases 832 Shares of Flutter Entertainment PLC $FLUT

IFC Advisors LLC raised its stake in Flutter Entertainment PLC (NYSE:FLUT) by 7.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,309 shares of the company’s stock after buying an additional 832 shares during the quarter. IFC Advisors LLC’s holdings in Flutter Entertainment were worth $3,517,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. PARUS FINANCE UK Ltd lifted its stake in Flutter Entertainment by 1.5% in the first quarter. PARUS FINANCE UK Ltd now owns 3,350 shares of the company’s stock valued at $742,000 after buying an additional 50 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Flutter Entertainment by 3.0% in the first quarter. Sequoia Financial Advisors LLC now owns 1,836 shares of the company’s stock valued at $407,000 after buying an additional 53 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Flutter Entertainment by 44.9% in the second quarter. Parallel Advisors LLC now owns 197 shares of the company’s stock worth $56,000 after purchasing an additional 61 shares in the last quarter. Signaturefd LLC lifted its position in shares of Flutter Entertainment by 98.5% in the second quarter. Signaturefd LLC now owns 129 shares of the company’s stock worth $37,000 after purchasing an additional 64 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Flutter Entertainment by 1.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,783 shares of the company’s stock worth $1,060,000 after purchasing an additional 67 shares in the last quarter.

Wall Street Analysts Forecast Growth

FLUT has been the topic of a number of research reports. Macquarie boosted their price objective on shares of Flutter Entertainment from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Citigroup reissued a “buy” rating on shares of Flutter Entertainment in a research report on Thursday, August 14th. Bank of America boosted their target price on shares of Flutter Entertainment from $295.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, July 11th. BTIG Research lowered their target price on shares of Flutter Entertainment from $357.00 to $324.00 and set a “buy” rating on the stock in a report on Thursday, October 2nd. Finally, Barclays boosted their target price on shares of Flutter Entertainment from $350.00 to $352.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Flutter Entertainment has an average rating of “Moderate Buy” and a consensus target price of $337.32.

Flutter Entertainment Trading Up 3.2%

Shares of Flutter Entertainment stock opened at $250.02 on Tuesday. The firm has a 50-day moving average of $283.28 and a 200-day moving average of $267.00. The stock has a market cap of $44.03 billion, a PE ratio of 123.16 and a beta of 1.91. Flutter Entertainment PLC has a 52-week low of $196.88 and a 52-week high of $313.68. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.95 and a current ratio of 0.95.

Flutter Entertainment (NYSE:FLUT) last announced its earnings results on Thursday, August 7th. The company reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.87. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Flutter Entertainment had a net margin of 2.96% and a return on equity of 12.15%. The business’s revenue was up 16.0% on a year-over-year basis. Flutter Entertainment has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Flutter Entertainment PLC will post 4.17 EPS for the current year.

Flutter Entertainment declared that its board has approved a share repurchase program on Friday, August 8th that authorizes the company to repurchase $245.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 0.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Flutter Entertainment

In related news, CEO Amy Howe sold 4,097 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $305.91, for a total transaction of $1,253,313.27. Following the completion of the sale, the chief executive officer owned 69,850 shares of the company’s stock, valued at $21,367,813.50. This represents a 5.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel Mark Taylor sold 15,283 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $284.80, for a total transaction of $4,352,598.40. Following the completion of the transaction, the insider directly owned 16,589 shares of the company’s stock, valued at $4,724,547.20. This trade represents a 47.95% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,396 shares of company stock worth $6,759,745. Insiders own 0.09% of the company’s stock.

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.