Savant Capital LLC Acquires New Stake in Flutter Entertainment PLC $FLUT

Savant Capital LLC bought a new stake in Flutter Entertainment PLC (NYSE:FLUT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,179 shares of the company’s stock, valued at approximately $909,000.

A number of other large investors have also made changes to their positions in FLUT. Helios Capital Management PTE. Ltd. bought a new position in shares of Flutter Entertainment in the 2nd quarter worth approximately $3,886,000. Resona Asset Management Co. Ltd. bought a new position in Flutter Entertainment in the second quarter worth approximately $14,121,000. Bank of New York Mellon Corp raised its position in Flutter Entertainment by 120.1% in the second quarter. Bank of New York Mellon Corp now owns 454,660 shares of the company’s stock worth $129,924,000 after acquiring an additional 248,109 shares during the period. Corton Capital Inc. purchased a new position in shares of Flutter Entertainment during the 2nd quarter worth $556,000. Finally, Bank of Montreal Can grew its position in shares of Flutter Entertainment by 7.4% during the 2nd quarter. Bank of Montreal Can now owns 179,711 shares of the company’s stock valued at $51,354,000 after acquiring an additional 12,430 shares during the period.

Insider Buying and Selling

In other Flutter Entertainment news, CEO Amy Howe sold 4,097 shares of the firm’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 transaction of $1,253,313.27. Following the completion of the transaction, the chief executive officer owned 69,850 shares in the company, valued at $21,367,813.50. This trade represents a 5.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeremy Peter Jackson sold 2,112 shares of Flutter Entertainment stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $292.42, for a total value of $617,591.04. Following the completion of the sale, the chief executive officer directly owned 31,944 shares in the company, valued at approximately $9,341,064.48. The trade was a 6.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.09% of the stock is currently owned by corporate insiders.

Flutter Entertainment Stock Performance

FLUT opened at $200.35 on Friday. The stock has a market capitalization of $35.28 billion, a price-to-earnings ratio of 98.69 and a beta of 1.84. Flutter Entertainment PLC has a fifty-two week low of $196.88 and a fifty-two week high of $313.68. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.95 and a current ratio of 0.95. The company has a fifty day moving average of $255.25 and a 200 day moving average of $268.50.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings data on Wednesday, November 12th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $0.77 by $0.87. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $2.92 billion. Flutter Entertainment had a net margin of 2.96% and a return on equity of 12.15%. The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.27 EPS. Flutter Entertainment has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Flutter Entertainment PLC will post 4.17 earnings per share for the current fiscal year.

Flutter Entertainment announced that its board has initiated a share buyback plan on Friday, August 8th that allows the company to buyback $245.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 0.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

FLUT has been the topic of a number of recent research reports. Peel Hunt cut Flutter Entertainment from an “add” rating to a “hold” rating in a report on Friday, August 8th. Needham & Company LLC decreased their price objective on Flutter Entertainment from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday. JMP Securities lowered their price objective on Flutter Entertainment from $345.00 to $340.00 and set a “market outperform” rating on the stock in a research report on Wednesday, October 1st. Canaccord Genuity Group reduced their target price on shares of Flutter Entertainment from $340.00 to $300.00 and set a “buy” rating for the company in a report on Thursday. Finally, Oppenheimer decreased their target price on shares of Flutter Entertainment from $350.00 to $330.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $319.22.

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.