Dnca Finance Buys 30,596 Shares of Flutter Entertainment PLC $FLUT

Dnca Finance boosted its stake in Flutter Entertainment PLC (NYSE:FLUT) by 12.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 281,047 shares of the company’s stock after buying an additional 30,596 shares during the quarter. Flutter Entertainment makes up about 5.0% of Dnca Finance’s holdings, making the stock its 5th biggest position. Dnca Finance’s holdings in Flutter Entertainment were worth $73,175,000 as of its most recent filing with the Securities & Exchange Commission.

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

Flutter Entertainment Stock Performance

FLUT opened at $108.26 on Friday. The company has a market cap of $18.98 billion, a PE ratio of -60.14, a price-to-earnings-growth ratio of 0.72 and a beta of 2.30. The stock has a 50-day moving average of $152.49 and a 200-day moving average of $211.01. Flutter Entertainment PLC has a 52-week low of $99.96 and a 52-week high of $313.68. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.95 and a current ratio of 0.95.

Flutter Entertainment (NYSE:FLUT) last issued its quarterly earnings data on Thursday, February 26th. The company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.37). The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.87 billion. Flutter Entertainment had a positive return on equity of 12.12% and a negative net margin of 1.89%.Flutter Entertainment’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.94 earnings per share. As a group, equities 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 has initiated a share buyback plan on Wednesday, March 11th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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 Analyst Weigh In

FLUT has been the subject of a number of recent research reports. Susquehanna reaffirmed a “positive” rating and set a $228.00 price target on shares of Flutter Entertainment in a research note on Tuesday, January 27th. Craig Hallum cut Flutter Entertainment from a “buy” rating to a “hold” rating and set a $200.00 price target for the company. in a research note on Wednesday, January 21st. BTIG Research dropped their price objective on Flutter Entertainment from $230.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Truist Financial cut their price objective on shares of Flutter Entertainment from $260.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, Texas Capital upgraded shares of Flutter Entertainment to a “strong-buy” rating in a research note on Thursday, January 8th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $234.65.

Insider Buying and Selling

In other Flutter Entertainment news, CEO Amy Howe sold 8,895 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $105.91, for a total transaction of $942,069.45. Following the completion of the transaction, the chief executive officer owned 78,889 shares of the company’s stock, valued at $8,355,133.99. The trade was a 10.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert Coldrake sold 4,613 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $106.45, for a total transaction of $491,053.85. Following the sale, the chief financial officer owned 10,006 shares of the company’s stock, valued at $1,065,138.70. This trade represents a 31.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,834 shares of company stock worth $1,900,331 in the last quarter. 0.09% of the stock is currently owned by company insiders.

Flutter Entertainment 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.