UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises Holdings in Flutter Entertainment PLC $FLUT

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Flutter Entertainment PLC (NYSE:FLUT) by 32.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 425,157 shares of the company’s stock after acquiring an additional 103,132 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.24% of Flutter Entertainment worth $94,194,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of FLUT. Cetera Investment Advisers boosted its position in Flutter Entertainment by 172.1% during the fourth quarter. Cetera Investment Advisers now owns 11,291 shares of the company’s stock worth $2,918,000 after acquiring an additional 7,141 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in Flutter Entertainment during the fourth quarter worth approximately $452,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Flutter Entertainment by 163.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,242 shares of the company’s stock worth $321,000 after acquiring an additional 771 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Flutter Entertainment during the fourth quarter worth approximately $324,000. Finally, Man Group plc boosted its position in Flutter Entertainment by 62.4% during the fourth quarter. Man Group plc now owns 59,504 shares of the company’s stock worth $15,379,000 after acquiring an additional 22,865 shares during the last quarter.

Flutter Entertainment Price Performance

Shares of NYSE:FLUT opened at $281.59 on Friday. 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 PLC has a fifty-two week low of $196.88 and a fifty-two week high of $313.68. The firm has a 50-day simple moving average of $296.99 and a 200 day simple moving average of $263.98. The company has a market cap of $49.59 billion, a PE ratio of 138.71 and a beta of 2.29.

Flutter Entertainment (NYSE:FLUT) last posted its earnings results on Thursday, August 7th. The company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.08 by $0.87. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Flutter Entertainment had a net margin of 2.96% and a return on equity of 12.15%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Flutter Entertainment has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate 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 repurchase plan on Friday, August 8th that allows the company to buyback $245.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 0.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other news, insider James Philip Bishop sold 1,904 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $281.64, for a total transaction of $536,242.56. Following the transaction, the insider owned 4,712 shares in the company, valued at $1,327,087.68. This represents a 28.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeremy Peter Jackson sold 2,112 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 31,944 shares in the company, valued at $9,341,064.48. The trade was a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,396 shares of company stock worth $6,759,745 in the last quarter. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FLUT. Oppenheimer lifted their price target on shares of Flutter Entertainment from $310.00 to $350.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Benchmark reiterated a “buy” rating and issued a $365.00 price target (up previously from $300.00) on shares of Flutter Entertainment in a report on Friday, August 8th. Hsbc Global Res upgraded shares of Flutter Entertainment to a “hold” rating in a report on Wednesday, June 18th. Kepler Capital Markets upgraded shares of Flutter Entertainment to a “strong-buy” rating in a report on Thursday, August 28th. Finally, Jefferies Financial Group assumed coverage on shares of Flutter Entertainment in a report on Tuesday, July 8th. They set a “buy” rating and a $380.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Flutter Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $332.70.

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.