Yousif Capital Management LLC Has $1.60 Million Holdings in Flutter Entertainment PLC $FLUT

Yousif Capital Management LLC lifted its position in shares of Flutter Entertainment PLC (NYSE:FLUT) by 54.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,611 shares of the company’s stock after buying an additional 1,983 shares during the quarter. Yousif Capital Management LLC’s holdings in Flutter Entertainment were worth $1,603,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FLUT. SVB Wealth LLC acquired a new stake in shares of Flutter Entertainment during the first quarter worth $27,000. ORG Partners LLC increased its position in shares of Flutter Entertainment by 300.0% during the second quarter. ORG Partners LLC now owns 100 shares of the company’s stock worth $28,000 after buying an additional 75 shares during the period. Barrett & Company Inc. acquired a new stake in shares of Flutter Entertainment during the second quarter worth $29,000. Signaturefd LLC grew its holdings in 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 during the period. Finally, Farther Finance Advisors LLC grew its holdings in Flutter Entertainment by 90.6% in the first quarter. Farther Finance Advisors LLC now owns 183 shares of the company’s stock worth $41,000 after purchasing an additional 87 shares during the period.

Flutter Entertainment Stock Up 0.8%

Shares of NYSE FLUT opened at $251.97 on Monday. The stock has a market capitalization of $44.37 billion, a P/E ratio of 124.12 and a beta of 1.91. The company has a 50-day moving average price of $279.33 and a 200-day moving average price of $267.78. Flutter Entertainment PLC has a 1 year low of $196.88 and a 1 year high of $313.68. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.95.

Flutter Entertainment (NYSE:FLUT) last issued its quarterly earnings data 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 firm 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%. Flutter Entertainment’s quarterly revenue was up 16.0% compared to the same quarter last year. Flutter Entertainment has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Flutter Entertainment PLC will post 4.17 EPS for the current fiscal year.

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

Insider Buying and Selling at Flutter Entertainment

In related news, insider James Philip Bishop sold 1,904 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $281.64, for a total transaction of $536,242.56. Following the transaction, the insider directly owned 4,712 shares of the company’s stock, valued at $1,327,087.68. This trade represents a 28.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeremy Peter Jackson sold 2,112 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $292.42, for a total transaction of $617,591.04. Following the transaction, the chief executive officer directly owned 31,944 shares in the company, valued at $9,341,064.48. The trade was a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,396 shares of company stock valued at $6,759,745 over the last three months. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on FLUT. Benchmark reduced their price target on shares of Flutter Entertainment from $365.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, October 15th. Kepler Capital Markets upgraded shares of Flutter Entertainment to a “strong-buy” rating in a report on Thursday, August 28th. Macquarie raised their price target on shares of Flutter Entertainment from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Zacks Research upgraded shares of Flutter Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th. Finally, JMP Securities reduced their price target on shares of Flutter Entertainment from $345.00 to $340.00 and set a “market outperform” rating for the company in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $336.26.

Flutter Entertainment 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.