DNB Asset Management AS Acquires 274,138 Shares of Flutter Entertainment PLC $FLUT

DNB Asset Management AS grew its holdings in shares of Flutter Entertainment PLC (NYSE:FLUT) by 852.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 306,300 shares of the company’s stock after acquiring an additional 274,138 shares during the period. DNB Asset Management AS owned about 0.17% of Flutter Entertainment worth $77,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Flutter Entertainment by 402.4% during the second quarter. Vanguard Group Inc. now owns 17,257,475 shares of the company’s stock valued at $4,931,496,000 after purchasing an additional 13,822,673 shares in the last quarter. Parvus Asset Management Jersey Ltd bought a new position in shares of Flutter Entertainment in the second quarter worth about $2,231,266,000. Norges Bank bought a new position in shares of Flutter Entertainment during the 2nd quarter valued at approximately $930,349,000. State Street Corp grew its stake in shares of Flutter Entertainment by 120.3% during the 2nd quarter. State Street Corp now owns 3,086,730 shares of the company’s stock valued at $882,064,000 after acquiring an additional 1,685,556 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Flutter Entertainment by 57.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,080,848 shares of the company’s stock worth $877,583,000 after acquiring an additional 1,122,892 shares in the last quarter.

Flutter Entertainment Stock Performance

NYSE:FLUT opened at $122.82 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.96 and a current ratio of 0.96. Flutter Entertainment PLC has a fifty-two week low of $114.74 and a fifty-two week high of $313.68. The firm has a market capitalization of $21.52 billion, a PE ratio of -94.48, a PEG ratio of 0.25 and a beta of 1.88. The stock’s fifty day moving average is $176.64 and its 200 day moving average is $225.04.

Flutter Entertainment (NYSE:FLUT) last released its earnings results on Thursday, February 26th. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.37). The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.87 billion. Flutter Entertainment had a positive return on equity of 14.42% and a negative net margin of 0.95%.Flutter Entertainment’s revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.94 EPS. On average, sell-side analysts anticipate that Flutter Entertainment PLC will post 4.17 earnings per share for the current year.

Flutter Entertainment News Roundup

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

• Positive Sentiment: Oppenheimer kept an “outperform” stance while cutting its price target from $280 to $210 — still signalling upside from current levels. Oppenheimer lowers price target
• Positive Sentiment: Potential U.S. branding consolidation: reports indicate PokerStars US sites may rebrand to FanDuel, which could simplify U.S. operations and strengthen the FanDuel brand. Signs point to PokerStars US rebranding to FanDuel
• Neutral Sentiment: Short interest has risen ~24% in February to ~12.47M shares (~7.1% of float), raising the potential for short‑covering-driven rallies or continued volatility.
• Neutral Sentiment: Shares recently hit 52‑week lows and trade well below the 50‑ and 200‑day moving averages, making the stock a focal point for value/dip buyers and technical traders. Stock hits 52-week lows on Q4
• Negative Sentiment: Disappointing Q4 results: EPS $1.74 vs. $2.11 expected; revenue $4.74B vs. $4.87B consensus. Management said growth moderated and some initiatives underperformed. Q4 earnings miss and call
• Negative Sentiment: Weak FY‑2026 guidance: Flutter forecast modest profit growth and issued revenue guidance (~$18.4B) below street estimates (~$19.2B), citing continued U.S. market challenges and less effective promotional spend. Reuters: forecasts below estimates LSE: slowdown in growth
• Negative Sentiment: Competitive pressure in the U.S.: management and several outlets highlighted slower customer and betting growth as competitors improved products and promotions — a near‑term headwind for FanDuel. CNBC: U.S. market challenges

Analyst Ratings Changes

A number of equities analysts have weighed in on FLUT shares. Bank of America dropped their price target on shares of Flutter Entertainment from $250.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Texas Capital raised shares of Flutter Entertainment to a “strong-buy” rating in a report on Thursday, January 8th. Needham & Company LLC cut their target price on shares of Flutter Entertainment from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Canaccord Genuity Group decreased their price target on shares of Flutter Entertainment from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $228.00 price objective (down from $248.00) on shares of Flutter Entertainment in a report on Wednesday, January 14th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $265.60.

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.