Flutter Entertainment PLC $FLUT Stake Reduced by Two Creeks Capital Management LP

Two Creeks Capital Management LP lessened its holdings in Flutter Entertainment PLC (NYSE:FLUT) by 18.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 235,362 shares of the company’s stock after selling 54,093 shares during the period. Flutter Entertainment accounts for approximately 4.3% of Two Creeks Capital Management LP’s holdings, making the stock its 10th largest holding. Two Creeks Capital Management LP’s holdings in Flutter Entertainment were worth $59,782,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Makena Capital Management LLC purchased a new stake in Flutter Entertainment in the 3rd quarter valued at about $11,517,000. TimesSquare Capital Management LLC boosted its stake in Flutter Entertainment by 294.1% during the third quarter. TimesSquare Capital Management LLC now owns 378,878 shares of the company’s stock worth $96,235,000 after buying an additional 282,736 shares during the period. AGF Management Ltd. purchased a new position in Flutter Entertainment during the third quarter worth about $9,519,000. Mutual of America Capital Management LLC acquired a new stake in shares of Flutter Entertainment during the third quarter valued at about $2,173,000. Finally, Federated Hermes Inc. acquired a new stake in shares of Flutter Entertainment during the third quarter valued at about $169,777,000.

Insider Activity at Flutter Entertainment

In related news, CEO Jeremy Peter Jackson sold 4,326 shares of Flutter Entertainment stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $108.00, for a total value of $467,208.00. Following the completion of the transaction, the chief executive officer directly owned 36,788 shares in the company, valued at approximately $3,973,104. This trade represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Amy Howe sold 8,895 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $105.91, for a total value of $942,069.45. Following the sale, the chief executive officer owned 78,889 shares in the company, 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 three months, insiders sold 17,834 shares of company stock worth $1,900,331. Company insiders own 0.09% of the company’s stock.

More Flutter Entertainment News

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FLUT shares. Canaccord Genuity Group decreased their price objective 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. Wells Fargo & Company reiterated an “equal weight” rating and issued a $228.00 target price (down from $248.00) on shares of Flutter Entertainment in a report on Wednesday, January 14th. Sanford C. Bernstein reissued a “market perform” rating and issued a $170.00 target price on shares of Flutter Entertainment in a research report on Friday, February 6th. Zacks Research cut Flutter Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Finally, HSBC upgraded Flutter Entertainment from a “hold” rating to a “buy” rating and lowered their price target for the stock from $265.00 to $228.00 in a research report on Monday, November 24th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Flutter Entertainment presently has an average rating of “Moderate Buy” and an average price target of $234.65.

Flutter Entertainment Price Performance

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

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

Flutter Entertainment announced that its Board of Directors 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 repurchase 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.

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.