Capula Management Ltd Decreases Stock Holdings in Flutter Entertainment PLC $FLUT

Capula Management Ltd lowered its holdings in Flutter Entertainment PLC (NYSE:FLUT) by 43.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,110 shares of the company’s stock after selling 6,358 shares during the period. Capula Management Ltd’s holdings in Flutter Entertainment were worth $2,060,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. JFS Wealth Advisors LLC purchased a new stake in Flutter Entertainment during the 3rd quarter worth $27,000. JCIC Asset Management Inc. acquired a new stake in Flutter Entertainment in the 3rd quarter valued at $32,000. Atlantic Union Bankshares Corp purchased a new position in Flutter Entertainment in the third quarter valued at about $34,000. ORG Partners LLC lifted its stake in shares of Flutter Entertainment by 43.0% during the third quarter. ORG Partners LLC now owns 143 shares of the company’s stock worth $36,000 after purchasing an additional 43 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Flutter Entertainment by 116.4% during the second quarter. Allworth Financial LP now owns 145 shares of the company’s stock worth $41,000 after purchasing an additional 78 shares in the last quarter.

Flutter Entertainment News Summary

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

Insider Activity at Flutter Entertainment

In other news, CFO Robert Coldrake sold 4,613 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $106.45, for a total value of $491,053.85. Following the completion of the sale, the chief financial officer owned 10,006 shares of the company’s stock, valued at approximately $1,065,138.70. The trade was a 31.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeremy Peter Jackson sold 4,326 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $108.00, for a total transaction of $467,208.00. Following the completion of the sale, the chief executive officer owned 36,788 shares in the company, valued at approximately $3,973,104. This trade represents a 10.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,834 shares of company stock valued at $1,900,331 over the last ninety days. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

FLUT has been the subject of several analyst reports. Canaccord Genuity Group decreased their target price on Flutter Entertainment from $270.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Needham & Company LLC reduced their price target on Flutter Entertainment from $300.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Stifel Nicolaus decreased their price target on Flutter Entertainment from $304.00 to $259.00 and set a “buy” rating for the company in a report on Friday, January 30th. Citizens Jmp lowered their price objective on shares of Flutter Entertainment from $275.00 to $195.00 and set a “market outperform” rating for the company in a research report on Friday, February 27th. Finally, Oppenheimer dropped their price objective on shares of Flutter Entertainment from $280.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Flutter Entertainment currently has a consensus rating of “Moderate Buy” and an average price target of $234.65.

Flutter Entertainment Trading Up 2.6%

NYSE:FLUT opened at $108.26 on Friday. The stock has a market cap of $18.98 billion, a price-to-earnings ratio of -60.14, a price-to-earnings-growth ratio of 0.74 and a beta of 2.30. Flutter Entertainment PLC has a one year low of $99.96 and a one year 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. The business’s 50-day simple moving average is $152.49 and its 200 day simple moving average is $210.38.

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). Flutter Entertainment had a negative net margin of 1.89% and a positive return on equity of 12.12%. The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.87 billion. During the same quarter last year, the business earned $2.94 EPS. Flutter Entertainment’s revenue for the quarter was up 24.9% compared to the same quarter last year. As a group, sell-side analysts predict that Flutter Entertainment PLC will post 4.17 earnings per share for the current fiscal year.

Flutter Entertainment announced that its Board of Directors has initiated a stock buyback plan on Wednesday, March 11th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to buy up to 1.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.