Savant Capital LLC Purchases New Position in Flutter Entertainment PLC $FLUT

Savant Capital LLC acquired a new position in shares of Flutter Entertainment PLC (NYSE:FLUT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,179 shares of the company’s stock, valued at approximately $909,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in shares of Flutter Entertainment during the 1st quarter valued at approximately $27,000. ORG Partners LLC boosted its stake in Flutter Entertainment by 300.0% during 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. bought a new position in Flutter Entertainment during the second quarter valued at $29,000. Signaturefd LLC raised 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 valued at $37,000 after acquiring an additional 64 shares during the period. Finally, CWM LLC lifted its holdings in shares of Flutter Entertainment by 59.6% in the 1st quarter. CWM LLC now owns 217 shares of the company’s stock worth $48,000 after acquiring an additional 81 shares during the last quarter.

Insider Buying and Selling at Flutter Entertainment

In related news, CEO Jeremy Peter Jackson sold 2,112 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $292.42, for a total transaction of $617,591.04. Following the sale, the chief executive officer owned 31,944 shares of the company’s stock, valued at $9,341,064.48. This trade represents a 6.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Amy Howe sold 4,097 shares of the stock in a transaction that occurred 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 directly owned 69,850 shares of the company’s stock, valued at $21,367,813.50. The trade was a 5.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.09% of the stock is currently owned by company insiders.

Flutter Entertainment Stock Down 14.5%

Shares of NYSE:FLUT opened at $200.35 on Friday. The business’s 50 day moving average is $255.25 and its 200 day moving average is $268.50. The stock has a market cap of $35.28 billion, a P/E ratio of 98.69 and a beta of 1.84. Flutter Entertainment PLC has a 52-week low of $196.88 and a 52-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 0.95.

Flutter Entertainment (NYSE:FLUT) last issued its earnings results on Wednesday, November 12th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.87. Flutter Entertainment had a return on equity of 12.15% and a net margin of 2.96%.The business had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period in the prior year, the business earned $1.27 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. Flutter Entertainment has set its FY 2025 guidance at EPS. Sell-side analysts predict that Flutter Entertainment PLC will post 4.17 EPS for the current year.

Flutter Entertainment declared that its Board of Directors has authorized a stock buyback program on Friday, August 8th that allows the company to buyback $245.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 0.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Benchmark cut their price target on shares of Flutter Entertainment from $365.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. Needham & Company LLC cut their target price on Flutter Entertainment from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday. Zacks Research downgraded Flutter Entertainment from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Citigroup cut Flutter Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, JMP Securities cut their price objective on Flutter Entertainment from $345.00 to $340.00 and set a “market outperform” rating on the stock in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Flutter Entertainment currently has an average rating of “Moderate Buy” and an average target price of $319.22.

About Flutter Entertainment

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.