Flutter Entertainment PLC $FLUT Stock Holdings Lifted by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of Flutter Entertainment PLC (NYSE:FLUT) by 402.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,257,475 shares of the company’s stock after acquiring an additional 13,822,673 shares during the quarter. Vanguard Group Inc. owned 9.77% of Flutter Entertainment worth $4,931,496,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC grew its position in Flutter Entertainment by 59.6% during the 1st quarter. CWM LLC now owns 217 shares of the company’s stock worth $48,000 after purchasing an additional 81 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Flutter Entertainment by 213.6% in the first quarter. Allianz Asset Management GmbH now owns 2,970 shares of the company’s stock worth $711,000 after buying an additional 2,023 shares during the period. Egerton Capital UK LLP grew its holdings in shares of Flutter Entertainment by 16.9% during the first quarter. Egerton Capital UK LLP now owns 2,193,794 shares of the company’s stock valued at $486,035,000 after buying an additional 316,411 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its position in Flutter Entertainment by 27.1% during the first quarter. ANTIPODES PARTNERS Ltd now owns 150,231 shares of the company’s stock valued at $32,870,000 after buying an additional 31,990 shares during the period. Finally, Cetera Investment Advisers raised its position in Flutter Entertainment by 4.2% during the first quarter. Cetera Investment Advisers now owns 11,765 shares of the company’s stock valued at $2,607,000 after buying an additional 474 shares during the period.

Flutter Entertainment Stock Performance

FLUT stock opened at $193.38 on Thursday. The firm has a 50 day moving average of $247.45 and a two-hundred day moving average of $267.37. Flutter Entertainment PLC has a 12 month low of $189.40 and a 12 month high of $313.68. The company has a market capitalization of $33.89 billion, a price-to-earnings ratio of 95.26 and a beta of 1.84. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.95.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings results on Wednesday, November 12th. The company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.87. The business had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $2.92 billion. Flutter Entertainment had a net margin of 2.96% and a return on equity of 12.15%. Flutter Entertainment’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 EPS. Flutter Entertainment has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Flutter Entertainment PLC will post 4.17 EPS for the current fiscal year.

Flutter Entertainment declared that its Board of Directors has authorized a share buyback plan on Friday, August 8th that authorizes the company to repurchase $245.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 0.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Flutter Entertainment news, CEO Amy Howe sold 4,097 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $305.91, for a total value 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. The trade was a 5.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FLUT has been the subject of a number of research reports. Truist Financial decreased their price objective on Flutter Entertainment from $335.00 to $305.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Zacks Research cut shares of Flutter Entertainment from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Needham & Company LLC dropped their price objective on shares of Flutter Entertainment from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Peel Hunt downgraded shares of Flutter Entertainment from an “add” rating to a “hold” rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company initiated coverage on shares of Flutter Entertainment in a research note on Tuesday. They set an “overweight” rating and a $272.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Flutter Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of $317.67.

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.