Sumitomo Mitsui Trust Group Inc. lessened its stake in Flutter Entertainment PLC (NYSE:FLUT – Free Report) by 4.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,733 shares of the company’s stock after selling 13,662 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Flutter Entertainment were worth $19,733,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in FLUT. Parvus Asset Management Jersey Ltd purchased a new stake in Flutter Entertainment during the second quarter worth about $1,552,097,267. Hsbc Holdings PLC grew its position in Flutter Entertainment by 33,988.7% during the first quarter. Hsbc Holdings PLC now owns 5,605,543 shares of the company’s stock worth $575,185,000 after buying an additional 5,589,099 shares during the period. Amundi increased its holdings in Flutter Entertainment by 463.7% in the first quarter. Amundi now owns 2,059,906 shares of the company’s stock valued at $210,007,000 after buying an additional 1,694,474 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Flutter Entertainment by 1.3% in the first quarter. Janus Henderson Group PLC now owns 1,601,605 shares of the company’s stock valued at $163,202,000 after buying an additional 20,810 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Flutter Entertainment by 7.1% in the first quarter. Swiss National Bank now owns 490,422 shares of the company’s stock valued at $49,999,000 after buying an additional 32,480 shares in the last quarter.
Flutter Entertainment Stock Performance
NYSE:FLUT opened at $82.88 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. The firm has a 50-day moving average price of $85.74 and a two-hundred day moving average price of $105.40. Flutter Entertainment PLC has a twelve month low of $72.56 and a twelve month high of $235.77. The company has a market capitalization of $14.38 billion, a P/E ratio of 39.32, a price-to-earnings-growth ratio of 3.00 and a beta of 1.27.
Flutter Entertainment (NYSE:FLUT – Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.50). Flutter Entertainment had a positive return on equity of 4.26% and a negative net margin of 5.37%. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the previous year, the firm posted $1.64 EPS. The business’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts expect that Flutter Entertainment PLC will post 3.05 earnings per share for the current fiscal year.
Insider Buying and Selling at Flutter Entertainment
In related news, CEO Daniel Taylor sold 791 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $77,407.26. Following the sale, the chief executive officer owned 52,467 shares of the company’s stock, valued at approximately $5,134,420.62. This represents a 1.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Don H. Liu sold 565 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total value of $55,290.90. Following the completion of the sale, the insider directly owned 20,441 shares in the company, valued at approximately $2,000,356.26. The trade was a 2.69% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 6,681 shares of company stock worth $644,214. 0.13% of the stock is currently owned by insiders.
Key Headlines Impacting Flutter Entertainment
Here are the key news stories impacting Flutter Entertainment this week:
- Positive Sentiment: FanDuel’s handle increased 13%, a sign of higher betting volume. Flutter also plans an additional $500 million in cost savings by 2029, although increased promotions to attract customers could weigh on near-term profit. FanDuel Handle Rises 13% as Flutter Cuts 2026 Revenue Outlook Flutter cuts 2026 outlook and plans cost savings
- Positive Sentiment: Some analysts remain constructive: Susquehanna raised its target to $101, while Barclays and Citizens JMP retained positive ratings despite lowering their targets. Susquehanna analyst update Barclays analyst update
- Neutral Sentiment: Analyst views are mixed: BTIG raised its target to $96 with a Buy rating, while Wells Fargo cut its target to $86 and kept an Equal Weight rating. BTIG analyst update Wells Fargo analyst update
- Negative Sentiment: Third-quarter results missed expectations: revenue was $3.87 billion versus roughly $3.99 billion expected, and Flutter reported a $0.18 per-share loss. A large Brazil impairment contributed to a reported quarterly net loss exceeding $1 billion. Flutter results miss the mark; U.S. revenue was a bright spot
- Negative Sentiment: Flutter cut its 2026 outlook amid Brazil-related challenges, tax increases and unfavorable sports results. It also paused share buybacks to prioritize debt reduction and cost savings, removing a source of shareholder returns. Tax hike, football results and Brazil’s betting ban hit Flutter Flutter pauses share buybacks
Wall Street Analysts Forecast Growth
FLUT has been the subject of a number of research reports. Craig Hallum set a $95.00 price target on shares of Flutter Entertainment in a research report on Friday, October 23rd. JPMorgan Chase & Co. lowered their price target on Flutter Entertainment from $114.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday, October 20th. Moffett Nathanson reaffirmed a “neutral” rating and issued a $92.00 price objective on shares of Flutter Entertainment in a research note on Thursday, October 22nd. Wolfe Research assumed coverage on Flutter Entertainment in a research note on Wednesday, September 2nd. They issued an “outperform” rating and a $150.00 price objective for the company. Finally, Sanford C. Bernstein reduced their price objective on Flutter Entertainment from $110.00 to $100.00 and set a “market perform” rating for the company in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.44.
Check Out Our Latest Stock Analysis on Flutter Entertainment
Flutter Entertainment Profile
Flutter Entertainment plc is a global sports betting and online gaming company headquartered in Dublin, Ireland. The company operates a portfolio of betting, gaming, poker and daily fantasy sports brands, serving customers through online platforms, mobile applications and, in some markets, retail locations.
Its principal brands include FanDuel in the United States, Paddy Power and Betfair in the United Kingdom and Ireland, Sky Bet in the United Kingdom, PokerStars internationally, and Sisal and SNAI in Italy.
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