Sands Capital Management LLC Sells 39,258 Shares of Flutter Entertainment PLC $FLUT

Sands Capital Management LLC lessened its stake in Flutter Entertainment PLC (NYSE:FLUT) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,087,048 shares of the company’s stock after selling 39,258 shares during the period. Flutter Entertainment accounts for 1.4% of Sands Capital Management LLC’s portfolio, making the stock its 25th largest holding. Sands Capital Management LLC’s holdings in Flutter Entertainment were worth $448,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. MML Investors Services LLC raised its position in Flutter Entertainment by 9.5% in the 4th quarter. MML Investors Services LLC now owns 7,352 shares of the company’s stock worth $1,581,000 after purchasing an additional 638 shares during the last quarter. Kids Capital Management L.P. raised its position in shares of Flutter Entertainment by 3.4% during the 4th quarter. Kids Capital Management L.P. now owns 30,000 shares of the company’s stock valued at $6,451,000 after acquiring an additional 1,000 shares during the last quarter. LM Advisors LLC bought a new stake in shares of Flutter Entertainment during the 4th quarter valued at $46,000. Evelyn Partners Investment Management Europe Ltd raised its position in shares of Flutter Entertainment by 8.4% during the 4th quarter. Evelyn Partners Investment Management Europe Ltd now owns 1,083 shares of the company’s stock valued at $233,000 after acquiring an additional 84 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its position in shares of Flutter Entertainment by 40.1% during the 4th quarter. Kestra Advisory Services LLC now owns 1,514 shares of the company’s stock valued at $326,000 after acquiring an additional 433 shares during the last quarter.

Flutter Entertainment Price Performance

FLUT opened at $110.73 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.27. Flutter Entertainment PLC has a 12 month low of $91.52 and a 12 month high of $313.68. The company has a fifty day simple moving average of $103.24 and a 200 day simple moving average of $143.51. The stock has a market cap of $19.26 billion, a P/E ratio of -51.74, a P/E/G ratio of 1.43 and a beta of 1.40.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.13. Flutter Entertainment had a negative net margin of 2.20% and a positive return on equity of 11.60%. The business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter in the prior year, the company earned $1.59 EPS. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. On average, research analysts expect that Flutter Entertainment PLC will post 5 EPS for the current year.

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

Insiders Place Their Bets

In related news, insider Don H. Liu sold 1,259 shares of the company’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 completion of the sale, the insider owned 21,006 shares in the company, valued at $1,961,330.22. This represents a 5.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 company’s stock in a transaction on Monday, May 11th. The shares were 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 of the company’s stock, valued at approximately $7,293,610.38. This represents a 3.98% decrease in their position. 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 90 days, insiders have purchased 10,453 shares of company stock worth $1,045,526 and have sold 5,994 shares worth $577,293. Corporate insiders own 0.13% of the company’s stock.

Key Headlines 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

Analyst Ratings Changes

FLUT has been the subject of several recent research reports. UBS Group dropped their target price on shares of Flutter Entertainment from $300.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Truist Financial dropped their target price on shares of Flutter Entertainment from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Citizens Jmp dropped their target price on shares of Flutter Entertainment from $188.00 to $165.00 and set a “market outperform” rating for the company in a research report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Flutter Entertainment in a research report on Wednesday, May 27th. Finally, Canaccord Genuity Group dropped their target price on shares of Flutter Entertainment from $270.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Flutter Entertainment has an average rating of “Moderate Buy” and an average price target of $189.57.

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.