Flutter Entertainment PLC $FLUT Stock: Sumitomo Mitsui Trust Group Inc. Reduces Position

Sumitomo Mitsui Trust Group Inc. lowered its position in Flutter Entertainment PLC (NYSE:FLUT) by 4.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 264,733 shares of the company’s stock after selling 13,662 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.15% of Flutter Entertainment worth $19,733,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parvus Asset Management Jersey Ltd acquired a new stake in shares of Flutter Entertainment during the second quarter worth about $1,552,097,267. Hsbc Holdings PLC increased its position in Flutter Entertainment by 33,988.7% in the 1st quarter. Hsbc Holdings PLC now owns 5,605,543 shares of the company’s stock valued at $575,185,000 after acquiring an additional 5,589,099 shares during the period. Amundi increased its position in Flutter Entertainment by 463.7% in the 1st quarter. Amundi now owns 2,059,906 shares of the company’s stock valued at $210,007,000 after acquiring an additional 1,694,474 shares during the period. Renaissance Technologies LLC purchased a new stake in Flutter Entertainment during the 1st quarter valued at approximately $40,562,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Flutter Entertainment during the 2nd quarter valued at approximately $9,881,000.

More Flutter Entertainment News

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: FanDuel’s handle increased 13%, a sign of higher betting volume. Flutter also plans an additional $500 million in cost savings by 2029, although increased promotions to attract customers could weigh on near-term profit. FanDuel Handle Rises 13% as Flutter Cuts 2026 Revenue Outlook Flutter cuts 2026 outlook and plans cost savings
• Positive Sentiment: Some analysts remain constructive: Susquehanna raised its target to $101, while Barclays and Citizens JMP retained positive ratings despite lowering their targets. Susquehanna analyst update Barclays analyst update
• Neutral Sentiment: Analyst views are mixed: BTIG raised its target to $96 with a Buy rating, while Wells Fargo cut its target to $86 and kept an Equal Weight rating. BTIG analyst update Wells Fargo analyst update
• Negative Sentiment: Third-quarter results missed expectations: revenue was $3.87 billion versus roughly $3.99 billion expected, and Flutter reported a $0.18 per-share loss. A large Brazil impairment contributed to a reported quarterly net loss exceeding $1 billion. Flutter results miss the mark; U.S. revenue was a bright spot
• Negative Sentiment: Flutter cut its 2026 outlook amid Brazil-related challenges, tax increases and unfavorable sports results. It also paused share buybacks to prioritize debt reduction and cost savings, removing a source of shareholder returns. Tax hike, football results and Brazil’s betting ban hit Flutter Flutter pauses share buybacks

Insider Buying and Selling

In other Flutter Entertainment news, CFO Robert Coldrake sold 710 shares of Flutter Entertainment stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $69,480.60. Following the sale, the chief financial officer owned 22,778 shares of the company’s stock, valued at approximately $2,229,055.08. The trade was a 3.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeremy Jackson sold 1,762 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $172,429.32. Following the transaction, the chief executive officer owned 70,452 shares in the company, valued at $6,894,432.72. The trade was a 2.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 6,681 shares of company stock worth $644,214 in the last three months. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft set a $148.00 price objective on Flutter Entertainment in a research report on Thursday, August 6th. Citizens Jmp dropped their target price on Flutter Entertainment from $129.00 to $116.00 and set a “market outperform” rating on the stock in a report on Thursday. Wells Fargo & Company dropped their target price on Flutter Entertainment from $112.00 to $86.00 and set an “equal weight” rating on the stock in a report on Thursday. UBS Group cut their price target on Flutter Entertainment from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, October 27th. Finally, Craig Hallum set a $95.00 price target on Flutter Entertainment in a research note on Friday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Flutter Entertainment presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.44.

Flutter Entertainment Stock Up 1.3%

Shares of NYSE:FLUT opened at $82.88 on Friday. The company has a market cap of $14.38 billion, a price-to-earnings ratio of 39.32, a PEG ratio of 3.00 and a beta of 1.27. The firm’s 50-day simple moving average is $85.74 and its 200-day simple moving average is $105.40. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.32. Flutter Entertainment PLC has a fifty-two week low of $72.56 and a fifty-two week high of $235.77.

Flutter Entertainment (NYSE:FLUT) last posted its quarterly earnings results on Wednesday, November 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.50). The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Flutter Entertainment had a positive return on equity of 4.26% and a negative net margin of 5.37%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.64 earnings per share. As a group, equities research analysts predict that Flutter Entertainment PLC will post 3.05 earnings per share for the current year.

Flutter Entertainment Profile

Flutter Entertainment plc is a global sports betting and online gaming company headquartered in Dublin, Ireland. The company operates a portfolio of betting, gaming, poker and daily fantasy sports brands, serving customers through online platforms, mobile applications and, in some markets, retail locations.

Its principal brands include FanDuel in the United States, Paddy Power and Betfair in the United Kingdom and Ireland, Sky Bet in the United Kingdom, PokerStars internationally, and Sisal and SNAI in Italy.