Squarepoint Ops LLC Acquires 7,515 Shares of Flutter Entertainment PLC $FLUT

Squarepoint Ops LLC lifted its holdings in Flutter Entertainment PLC (NYSE:FLUT) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 637,515 shares of the company’s stock after buying an additional 7,515 shares during the quarter. Squarepoint Ops LLC owned about 0.36% of Flutter Entertainment worth $137,091,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FLUT. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Flutter Entertainment by 219.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 115 shares of the company’s stock valued at $25,000 after buying an additional 79 shares during the last quarter. JFS Wealth Advisors LLC bought a new position in shares of Flutter Entertainment in the third quarter valued at about $27,000. Zions Bancorporation National Association UT raised its holdings in shares of Flutter Entertainment by 1,685.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock valued at $27,000 after buying an additional 118 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Flutter Entertainment by 93.8% in the fourth quarter. IFP Advisors Inc now owns 186 shares of the company’s stock valued at $40,000 after buying an additional 90 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in Flutter Entertainment by 83.3% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock worth $42,000 after purchasing an additional 75 shares during the last quarter.

Analyst Upgrades and Downgrades

FLUT has been the subject of several recent research reports. BNP Paribas Exane initiated coverage on Flutter Entertainment in a report on Thursday, May 14th. They set an “underperform” rating and a $80.00 price objective for the company. Kepler Capital Markets cut Flutter Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Needham & Company LLC dropped their price objective on Flutter Entertainment from $150.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Sanford C. Bernstein dropped their price objective on Flutter Entertainment from $125.00 to $115.00 and set a “market perform” rating for the company in a report on Thursday, May 7th. Finally, Wells Fargo & Company boosted their price objective on Flutter Entertainment from $161.00 to $168.00 and gave the stock an “equal weight” rating in a report on Friday. 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $189.57.

Flutter Entertainment Stock Performance

Shares of FLUT stock opened at $110.73 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a 50-day moving average of $103.24 and a 200-day moving average of $143.51. Flutter Entertainment PLC has a one year low of $91.52 and a one year high of $313.68. The stock has a market cap of $19.26 billion, a PE ratio of -51.74, a price-to-earnings-growth 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, beating the consensus estimate of $1.09 by $0.13. Flutter Entertainment had a positive return on equity of 11.60% and a negative net margin of 2.20%.The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period in the previous year, the firm earned $1.59 EPS. Flutter Entertainment’s quarterly revenue was up 17.4% compared to the same quarter last year. As a group, sell-side analysts expect that Flutter Entertainment PLC will post 5 earnings per share for the current year.

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

Insiders Place Their Bets

In other Flutter Entertainment news, Director John A. Bryant acquired 1,950 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average cost of $102.86 per share, for a total transaction of $200,577.00. Following the transaction, the director owned 9,235 shares of the company’s stock, valued at $949,912.10. This trade represents a 26.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO James Philip Bishop purchased 1,000 shares of Flutter Entertainment stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $99.75 per share, with a total value of $99,750.00. Following the transaction, the chief operating officer owned 17,605 shares in the company, valued at approximately $1,756,098.75. The trade was a 6.02% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 10,453 shares of company stock worth $1,045,526 and sold 5,994 shares worth $577,293. 0.13% of the stock is owned by company 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

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.