Flutter Entertainment PLC $FLUT Holdings Cut by Two Creeks Capital Management LP

Two Creeks Capital Management LP decreased its stake in Flutter Entertainment PLC (NYSE:FLUT) by 18.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 235,362 shares of the company’s stock after selling 54,093 shares during the quarter. Flutter Entertainment makes up 4.3% of Two Creeks Capital Management LP’s holdings, making the stock its 10th biggest position. Two Creeks Capital Management LP owned about 0.13% of Flutter Entertainment worth $59,782,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. JFS Wealth Advisors LLC acquired a new position in shares of Flutter Entertainment during the 3rd quarter worth about $27,000. JCIC Asset Management Inc. acquired a new stake in Flutter Entertainment in the 3rd quarter worth about $32,000. Atlantic Union Bankshares Corp purchased a new stake in Flutter Entertainment during the 3rd quarter worth approximately $34,000. ORG Partners LLC raised its holdings in shares of Flutter Entertainment by 43.0% during the third quarter. ORG Partners LLC now owns 143 shares of the company’s stock valued at $36,000 after acquiring an additional 43 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Flutter Entertainment by 116.4% during the second quarter. Allworth Financial LP now owns 145 shares of the company’s stock valued at $41,000 after acquiring an additional 78 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Craig Hallum lowered Flutter Entertainment from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a research note on Wednesday, January 21st. Sanford C. Bernstein reissued a “market perform” rating and issued a $170.00 price objective on shares of Flutter Entertainment in a research note on Friday, February 6th. Bank of America lowered their target price on shares of Flutter Entertainment from $250.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Citigroup reaffirmed an “outperform” rating on shares of Flutter Entertainment in a research note on Monday, January 5th. Finally, Benchmark reduced their target price on shares of Flutter Entertainment from $285.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $234.65.

Insider Buying and Selling

In other Flutter Entertainment news, CEO Jeremy Peter Jackson sold 4,326 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $108.00, for a total value of $467,208.00. Following the transaction, the chief executive officer directly owned 36,788 shares in the company, valued at $3,973,104. The trade was a 10.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Amy Howe sold 8,895 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $105.91, for a total transaction of $942,069.45. Following the completion of the sale, the chief executive officer directly owned 78,889 shares of the company’s stock, valued at approximately $8,355,133.99. This trade represents a 10.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 17,834 shares of company stock worth $1,900,331. Insiders own 0.09% of the company’s stock.

Flutter Entertainment Stock Performance

Shares of Flutter Entertainment stock opened at $108.26 on Friday. The business’s 50 day moving average price is $152.49 and its 200 day moving average price is $211.01. The company has a market cap of $18.98 billion, a price-to-earnings ratio of -60.14, a PEG ratio of 0.72 and a beta of 2.30. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.95 and a current ratio of 0.95. Flutter Entertainment PLC has a one year low of $99.96 and a one year high of $313.68.

Flutter Entertainment (NYSE:FLUT) last issued its earnings results on Thursday, February 26th. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.37). Flutter Entertainment had a positive return on equity of 12.12% and a negative net margin of 1.89%.The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.87 billion. During the same period last year, the business earned $2.94 earnings per share. The firm’s revenue was up 24.9% compared to the same quarter last year. On average, research analysts predict that Flutter Entertainment PLC will post 4.17 EPS for the current year.

Flutter Entertainment declared that its Board of Directors has authorized a stock repurchase program on Wednesday, March 11th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Key Stories Impacting Flutter Entertainment

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

• Positive Sentiment: Board authorizes buyback — The Board approved a $250 million share repurchase program (up to ~1.3% of shares), which reduces float and signals management thinks shares are undervalued; buybacks often support near-term stock demand. Flutter Entertainment (NYSE:FLUT) Announces Stock Buyback Program
• Positive Sentiment: Prediction markets & product investment — Management is expanding FanDuel Predicts and treating prediction markets as incremental TAM; company plans material investment to scale the product ahead of major sports seasons, which could drive revenue growth and engagement. 3 Stocks Betting Big on Prediction Markets This March Madness
• Positive Sentiment: Analyst/market write-ups lift valuation narrative — Recent commentary argues FLUT’s valuation has improved on updates and investor focus on scale/EBITDA could support multiple expansion if growth re-accelerates. Flutter Entertainment (NYSE:FLUT) Valuation Climbs Higher Following Latest Market Update
• Neutral Sentiment: Long-term opportunity debate — Commentary examines whether the recent multi-quarter share price decline creates a buy-the-dip chance; useful for investors weighing fundamentals vs. macro/sector headwinds. Has Flutter Entertainment (NYSE:FLUT) Share Price Slump Created A Long Term Opportunity?
• Neutral Sentiment: Director RSUs granted — The company issued restricted stock units to an independent director (standard governance/compensation action); modest dilution/expense but routine. Flutter grants RSUs to independent director Stefan Bomhard
• Negative Sentiment: Institutional trimming — Los Angeles-based Capital Group reduced its holding, a high-profile institutional seller that can pressure sentiment and indicate waning confidence from a major shareholder. Los Angeles fund Capital Group reduces Flutter Entertainment holding
• Negative Sentiment: Executive insider selling — Multiple senior executives disclosed large stock sales (CEO(s) and CFO reduced positions last week), which markets often view negatively even if sales are for diversification/liquidity. SEC Filing — Amy Howe Form 4

About Flutter Entertainment

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.