Flutter Entertainment PLC $FLUT Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its holdings in Flutter Entertainment PLC (NYSE:FLUT) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 74,974 shares of the company’s stock after selling 3,275 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Flutter Entertainment were worth $21,425,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in Flutter Entertainment by 196.5% in the first quarter. BNP Paribas Financial Markets now owns 1,994,656 shares of the company’s stock worth $441,916,000 after acquiring an additional 1,322,016 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Flutter Entertainment during the 1st quarter worth approximately $289,627,000. Primecap Management Co. CA bought a new stake in shares of Flutter Entertainment in the 1st quarter worth approximately $210,940,000. Alliancebernstein L.P. boosted its position in Flutter Entertainment by 2,312.7% during the 1st quarter. Alliancebernstein L.P. now owns 844,855 shares of the company’s stock valued at $187,178,000 after purchasing an additional 809,838 shares during the period. Finally, Hsbc Holdings PLC grew its stake in Flutter Entertainment by 376.4% during the 1st quarter. Hsbc Holdings PLC now owns 855,552 shares of the company’s stock worth $187,304,000 after buying an additional 675,949 shares during the last quarter.

Insider Activity at Flutter Entertainment

In related news, CEO Jeremy Peter Jackson sold 2,112 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $292.42, for a total transaction of $617,591.04. Following the transaction, the chief executive officer owned 31,944 shares in the company, valued at $9,341,064.48. This trade represents a 6.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amy Howe sold 4,097 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $305.91, for a total value of $1,253,313.27. Following the sale, the chief executive officer directly owned 69,850 shares in the company, valued at approximately $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. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FLUT shares. Citigroup lowered Flutter Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Citizens Jmp upped their price target on shares of Flutter Entertainment from $340.00 to $345.00 and gave the stock a “market outperform” rating in a research report on Thursday. BTIG Research dropped their price objective on shares of Flutter Entertainment from $321.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday. UBS Group reissued a “buy” rating and set a $360.00 target price (up from $340.00) on shares of Flutter Entertainment in a research note on Friday, August 8th. Finally, Stifel Nicolaus decreased their target price on shares of Flutter Entertainment from $339.00 to $330.00 and set a “buy” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Flutter Entertainment presently has a consensus rating of “Moderate Buy” and a consensus target price of $319.22.

Flutter Entertainment Price Performance

Shares of NYSE FLUT opened at $198.97 on Friday. The stock has a market cap of $35.04 billion, a P/E ratio of 98.01 and a beta of 1.84. The firm’s 50-day simple moving average is $253.33 and its 200 day simple moving average is $268.25. Flutter Entertainment PLC has a fifty-two week low of $193.27 and a fifty-two 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 announced its earnings results on Wednesday, November 12th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.87. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $2.92 billion. Flutter Entertainment had a net margin of 2.96% and a return on equity of 12.15%. Flutter Entertainment’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.27 EPS. Flutter Entertainment has set its FY 2025 guidance at EPS. Equities analysts expect that Flutter Entertainment PLC will post 4.17 EPS for the current year.

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

Flutter Entertainment Company 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.