Capital International Sarl Grows Stock Holdings in Flutter Entertainment PLC $FLUT

Capital International Sarl raised its position in shares of Flutter Entertainment PLC (NYSE:FLUT) by 15.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,772 shares of the company’s stock after purchasing an additional 17,872 shares during the period. Capital International Sarl’s holdings in Flutter Entertainment were worth $28,766,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC purchased a new stake in Flutter Entertainment during the third quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB raised its position in Flutter Entertainment by 219.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 115 shares of the company’s stock valued at $25,000 after purchasing an additional 79 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Flutter Entertainment during the third quarter valued at about $34,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Flutter Entertainment by 83.3% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock valued at $42,000 after purchasing an additional 75 shares in the last quarter. Finally, IFP Advisors Inc raised its position in Flutter Entertainment by 93.8% during the fourth quarter. IFP Advisors Inc now owns 186 shares of the company’s stock valued at $40,000 after purchasing an additional 90 shares in the last quarter.

Flutter Entertainment Trading Down 0.2%

NYSE FLUT opened at $100.62 on Friday. Flutter Entertainment PLC has a fifty-two week low of $91.52 and a fifty-two week high of $313.68. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day simple moving average of $102.40 and a two-hundred day simple moving average of $146.73. The stock has a market cap of $17.50 billion, a P/E ratio of -47.02, a price-to-earnings-growth ratio of 1.33 and a beta of 1.40.

Flutter Entertainment (NYSE:FLUT) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.13. The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.24 billion. Flutter Entertainment had a positive return on equity of 11.60% and a negative net margin of 2.20%.The business’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 EPS. On average, analysts forecast that Flutter Entertainment PLC will post 4.88 earnings per share for the current year.

Flutter Entertainment announced that its board has authorized a stock buyback plan on Wednesday, March 11th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 1.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FLUT shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $167.00 price target on shares of Flutter Entertainment in a research report on Friday, May 8th. BTIG Research lowered their price target on Flutter Entertainment from $137.00 to $126.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Susquehanna lowered their price target on Flutter Entertainment from $160.00 to $143.00 and set a “positive” rating on the stock in a research report on Tuesday, March 31st. UBS Group decreased their price objective on Flutter Entertainment from $300.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Finally, Truist Financial decreased their price objective on Flutter Entertainment from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Flutter Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $189.26.

Insider Buying and Selling at Flutter Entertainment

In other news, CEO Daniel Mark Taylor acquired 1,611 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were 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 in the company, valued at $3,260,925.36. The trade was a 4.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Don H. Liu sold 1,259 shares of Flutter Entertainment stock in a transaction that occurred 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 sale, the insider directly owned 21,006 shares in the company, valued at approximately $1,961,330.22. The trade was a 5.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders purchased 10,453 shares of company stock worth $1,045,526 and sold 23,828 shares worth $2,477,625. Insiders own 0.13% of the company’s stock.

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.