Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Stock Holdings in Flutter Entertainment PLC $FLUT

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Flutter Entertainment PLC (NYSE:FLUT) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,844 shares of the company’s stock after buying an additional 2,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Flutter Entertainment were worth $11,386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in FLUT. SVB Wealth LLC purchased a new position in shares of Flutter Entertainment in the first quarter worth $27,000. ORG Partners LLC increased its stake in shares of Flutter Entertainment by 300.0% in the second quarter. ORG Partners LLC now owns 100 shares of the company’s stock worth $28,000 after buying an additional 75 shares during the period. Barrett & Company Inc. purchased a new position in shares of Flutter Entertainment in the second quarter worth $29,000. Signaturefd LLC increased its stake in shares of Flutter Entertainment by 98.5% in the second quarter. Signaturefd LLC now owns 129 shares of the company’s stock worth $37,000 after buying an additional 64 shares during the period. Finally, CWM LLC increased its stake in shares of Flutter Entertainment by 59.6% in the first quarter. CWM LLC now owns 217 shares of the company’s stock worth $48,000 after buying an additional 81 shares during the period.

Insider Buying and Selling at Flutter Entertainment

In other news, CEO Amy Howe sold 4,097 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $305.91, for a total transaction of $1,253,313.27. Following the sale, the chief executive officer owned 69,850 shares in the company, valued at approximately $21,367,813.50. The trade was a 5.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James Philip Bishop sold 1,904 shares of the business’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $281.64, for a total transaction of $536,242.56. Following the sale, the insider owned 4,712 shares in the company, valued at approximately $1,327,087.68. This trade represents a 28.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 23,396 shares of company stock worth $6,759,745. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

FLUT has been the topic of several analyst reports. Sanford C. Bernstein decreased their target price on shares of Flutter Entertainment from $340.00 to $330.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 15th. Stifel Nicolaus cut their price target on shares of Flutter Entertainment from $356.00 to $339.00 and set a “buy” rating on the stock in a report on Monday. Jefferies Financial Group initiated coverage on shares of Flutter Entertainment in a report on Tuesday, July 8th. They issued a “buy” rating and a $380.00 price target on the stock. Truist Financial cut their price target on shares of Flutter Entertainment from $350.00 to $335.00 and set a “buy” rating on the stock in a report on Tuesday, October 21st. Finally, Needham & Company LLC lifted their price target on shares of Flutter Entertainment from $340.00 to $355.00 and gave the company a “buy” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Flutter Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of $335.11.

Flutter Entertainment Stock Performance

Shares of FLUT stock opened at $237.53 on Wednesday. Flutter Entertainment PLC has a 12 month low of $196.88 and a 12 month high of $313.68. The stock has a market cap of $41.83 billion, a PE ratio of 117.01 and a beta of 1.91. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.95. The company’s fifty day moving average price is $273.25 and its 200-day moving average price is $269.06.

Flutter Entertainment (NYSE:FLUT) last announced its earnings results on Thursday, August 7th. The company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.87. Flutter Entertainment had a net margin of 2.96% and a return on equity of 12.15%. The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $3.06 billion. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Flutter Entertainment has set its FY 2025 guidance at EPS. On average, equities analysts expect that Flutter Entertainment PLC will post 4.17 EPS for the current fiscal year.

Flutter Entertainment announced that its Board of Directors has approved a share buyback plan on Friday, August 8th that allows the company to buyback $245.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 0.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Flutter Entertainment Profile

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.