Geode Capital Management LLC Has $660.06 Million Holdings in Flutter Entertainment PLC $FLUT

Geode Capital Management LLC lessened its stake in shares of Flutter Entertainment PLC (NYSE:FLUT) by 2.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,078,082 shares of the company’s stock after selling 88,164 shares during the quarter. Geode Capital Management LLC’s holdings in Flutter Entertainment were worth $660,064,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FLUT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Flutter Entertainment by 5.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock worth $290,000 after buying an additional 69 shares during the period. Sivia Capital Partners LLC acquired a new stake in Flutter Entertainment during the 2nd quarter worth about $405,000. Creative Planning acquired a new stake in Flutter Entertainment during the 2nd quarter worth about $296,000. Northwestern Mutual Wealth Management Co. raised its holdings in Flutter Entertainment by 246.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company’s stock worth $53,000 after buying an additional 133 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Flutter Entertainment by 74.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company’s stock worth $71,000 after buying an additional 106 shares during the period.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group cut their price objective on Flutter Entertainment from $300.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Sanford C. Bernstein cut their price objective on Flutter Entertainment from $125.00 to $115.00 and set a “market perform” rating on the stock in a report on Thursday, May 7th. Weiss Ratings restated a “sell (d)” rating on shares of Flutter Entertainment in a report on Wednesday. Susquehanna dropped their target price on Flutter Entertainment from $160.00 to $143.00 and set a “positive” rating on the stock in a report on Tuesday, March 31st. Finally, Benchmark dropped their target price on Flutter Entertainment from $175.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $189.26.

More Flutter Entertainment News

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Flutter is reshuffling its Asia-Pacific leadership, promoting Sportsbet CEO Barni Evans to lead the APAC region as part of a broader restructuring. Investors may view the change as a sign the company is sharpening execution in a key international market. Flutter promotes Sportsbet CEO Barni Evans to lead APAC charge
• Positive Sentiment: Recent analysis pieces argued Flutter could be an attractive entry point, citing 17% Q1 revenue growth to $4.3 billion, strength in iGaming, and expectations for margin improvement from integration, loyalty initiatives, and a unified FanDuel platform. Flutter Entertainment: Attractive Entry Point
• Positive Sentiment: Another commentary suggested the market may be overreacting to FanDuel-related concerns, pointing to Flutter’s scale and the potential for the 2026 FIFA World Cup to drive new customer acquisition and betting activity. Is The Market Mispricing Flutter Entertainment On FanDuel Concerns?
• Neutral Sentiment: Flutter’s Annual General Meeting was held today, but the release provided no major surprise in the excerpt, so it appears more like a routine corporate event than a stock-moving development. Flutter Entertainment PLC: Results of Annual General Meeting 2026
• Neutral Sentiment: Several directors sold small amounts of stock, but the filings say the sales were made to cover tax withholding on vesting equity awards. That makes the transactions look administrative rather than a sign of negative insider sentiment.

Insiders Place Their Bets

In other news, CEO Daniel Mark Taylor purchased 1,611 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average price of $94.29 per share, with a total value of $151,901.19. Following the purchase, the chief executive officer owned 34,584 shares in the company, valued at $3,260,925.36. This represents a 4.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO James Philip Bishop purchased 1,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $99.75 per share, with a total value of $99,750.00. Following the purchase, the chief operating officer owned 17,605 shares in the company, valued at $1,756,098.75. This represents a 6.02% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 10,453 shares of company stock worth $1,045,526 and have sold 23,828 shares worth $2,477,625. 0.13% of the stock is owned by corporate insiders.

Flutter Entertainment Price Performance

Shares of FLUT opened at $97.00 on Friday. The company has a market capitalization of $16.87 billion, a price-to-earnings ratio of -45.33, a P/E/G ratio of 1.28 and a beta of 1.58. Flutter Entertainment PLC has a fifty-two week low of $91.52 and a fifty-two week high of $313.68. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.90 and a quick ratio of 0.90. The business’s 50-day moving average is $102.87 and its 200-day moving average is $150.83.

Flutter Entertainment (NYSE:FLUT) last issued its earnings results on Wednesday, May 6th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.13. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.24 billion. Flutter Entertainment had a positive return on equity of 11.60% and a negative net margin of 2.20%.The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 EPS. Equities research analysts expect that Flutter Entertainment PLC will post 4.88 EPS for the current fiscal year.

Flutter Entertainment announced that its Board of Directors has approved a stock buyback plan on Wednesday, March 11th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

About Flutter Entertainment

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.