Thornburg Investment Management Inc. Has $14.24 Million Position in Flutter Entertainment PLC $FLUT

Thornburg Investment Management Inc. reduced its holdings in Flutter Entertainment PLC (NYSE:FLUT) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,216 shares of the company’s stock after selling 6,010 shares during the period. Thornburg Investment Management Inc.’s holdings in Flutter Entertainment were worth $14,239,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Flutter Entertainment by 5.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock worth $290,000 after purchasing an additional 69 shares during the period. Sivia Capital Partners LLC acquired a new stake in Flutter Entertainment in the second quarter worth $405,000. Creative Planning acquired a new stake in Flutter Entertainment in the second quarter worth $296,000. Northwestern Mutual Wealth Management Co. raised its holdings in Flutter Entertainment by 246.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company’s stock worth $53,000 after purchasing an additional 133 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Flutter Entertainment by 74.6% in the second quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company’s stock worth $71,000 after purchasing an additional 106 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. UBS Group cut their target price on shares of Flutter Entertainment from $300.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Kepler Capital Markets lowered shares of Flutter Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Truist Financial cut their target price on shares of Flutter Entertainment from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Barclays cut their target price on shares of Flutter Entertainment from $175.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Finally, Canaccord Genuity Group cut their target price on shares of Flutter Entertainment from $270.00 to $220.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $189.57.

Insider Activity at Flutter Entertainment

In related news, insider Don H. Liu sold 1,259 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $93.37, for a total value of $117,552.83. Following the completion of the transaction, the insider owned 21,006 shares of the company’s stock, valued at approximately $1,961,330.22. This trade represents a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Daniel Mark Taylor bought 1,611 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average cost of $94.29 per share, with a total value of $151,901.19. Following the transaction, the chief executive officer owned 34,584 shares of the company’s stock, valued at $3,260,925.36. This represents a 4.89% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 10,453 shares of company stock valued at $1,045,526 and have sold 5,994 shares valued at $577,293. 0.13% of the stock is currently owned by insiders.

Key Stories Impacting Flutter Entertainment

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

• Positive Sentiment: Flutter said it will delist from the London Stock Exchange in August and concentrate all trading in New York, a move aimed at lowering costs and simplifying its listing structure. WSJ article
• Positive Sentiment: Investors are also encouraged by World Cup-related optimism, with several reports highlighting Flutter as a potential beneficiary of a betting surge during the tournament and management expecting very strong customer activity. Barron’s article
• Positive Sentiment: Flutter was also mentioned alongside other stocks that could benefit from the World Cup betting boom, reinforcing the market’s view that the company has a major near-term catalyst in its FanDuel-led U.S. business. Invezz article
• Neutral Sentiment: Other coverage focused on the mechanics of the delisting, including the final London trading date and the company’s shift to a sole New York venue, which is important strategically but not a direct earnings update. Proactive Investors article
• Neutral Sentiment: Market commentary before the open also noted Flutter’s delisting news among broader headlines, helping keep the stock in focus with investors. Investopedia article
• Negative Sentiment: Some coverage framed the London exit as another setback for U.K. markets, which could create a modest reputational overhang even though the move is intended to benefit Flutter shareholders. Guardian article

Flutter Entertainment Stock Up 0.1%

Shares of FLUT stock opened at $110.73 on Monday. The firm has a fifty day moving average of $103.24 and a 200-day moving average of $143.51. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.27. Flutter Entertainment PLC has a 12-month low of $91.52 and a 12-month high of $313.68. The company has a market capitalization of $19.26 billion, a price-to-earnings ratio of -51.74, a P/E/G ratio of 1.43 and a beta of 1.40.

Flutter Entertainment (NYSE:FLUT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.13. Flutter Entertainment had a negative net margin of 2.20% and a positive return on equity of 11.60%. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the prior year, the firm earned $1.59 earnings per share. The firm’s revenue was up 17.4% compared to the same quarter last year. As a group, equities research analysts predict that Flutter Entertainment PLC will post 5 earnings per share for the current fiscal year.

Flutter Entertainment declared that its board has authorized a share repurchase plan on Wednesday, March 11th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Flutter Entertainment Company Profile

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.