Flutter Entertainment PLC $FLUT Stock Position Raised by Capital International Inc. CA

Capital International Inc. CA lifted its position in Flutter Entertainment PLC (NYSE:FLUT) by 8.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 235,767 shares of the company’s stock after acquiring an additional 18,226 shares during the quarter. Capital International Inc. CA’s holdings in Flutter Entertainment were worth $50,699,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in FLUT. MassMutual Private Wealth & Trust FSB lifted its position in Flutter Entertainment by 219.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 115 shares of the company’s stock worth $25,000 after buying an additional 79 shares in the last quarter. JFS Wealth Advisors LLC purchased a new stake in Flutter Entertainment in the 3rd quarter worth approximately $27,000. Atlantic Union Bankshares Corp purchased a new stake in Flutter Entertainment in the 3rd quarter worth approximately $34,000. IFP Advisors Inc lifted its position in Flutter Entertainment by 93.8% in the 4th quarter. IFP Advisors Inc now owns 186 shares of the company’s stock worth $40,000 after buying an additional 90 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in Flutter Entertainment by 83.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock worth $42,000 after buying an additional 75 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Susquehanna cut their target price on shares of Flutter Entertainment from $160.00 to $143.00 and set a “positive” rating for the company in a research report on Tuesday, March 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of Flutter Entertainment in a research report on Wednesday, May 27th. Citigroup downgraded shares of Flutter Entertainment from a “buy” rating to a “sell” rating in a research report on Thursday, April 16th. Stifel Nicolaus cut their target price on shares of Flutter Entertainment from $216.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Finally, Oppenheimer cut their target price on shares of Flutter Entertainment from $210.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Two 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 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 an average price target of $189.26.

Insider Buying and Selling

In other Flutter Entertainment 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 sale, the insider directly owned 21,006 shares in the company, valued at $1,961,330.22. This trade represents a 5.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeremy Peter Jackson sold 3,084 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $98.13, for a total transaction of $302,632.92. Following the completion of the sale, the chief executive officer owned 74,326 shares in the company, valued at $7,293,610.38. This represents a 3.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders acquired 10,453 shares of company stock worth $1,045,526 and sold 23,828 shares worth $2,477,625. Company insiders own 0.13% of the company’s stock.

Flutter Entertainment Stock Performance

NYSE:FLUT opened at $100.62 on Friday. Flutter Entertainment PLC has a 1 year low of $91.52 and a 1 year high of $313.68. The firm’s fifty day simple moving average is $102.40 and its 200 day simple moving average is $146.73. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $17.50 billion, a PE ratio of -47.02, a PEG ratio of 1.33 and a beta of 1.40.

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

Flutter Entertainment declared that its board has approved a share buyback plan on Wednesday, March 11th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Flutter Entertainment 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.