Dnca Finance Buys 30,596 Shares of Flutter Entertainment PLC $FLUT

Key Points

• Dnca Finance boosted its stake in Flutter by 12.2%, adding 30,596 shares to hold 281,047 shares — roughly $73.2 million of stock and about 5.0% of DNCA's portfolio.
• Flutter launched a $250 million share repurchase program (≈1.3% of shares) even as it reported a quarterly EPS miss ($1.74 vs. $2.11) and revenue of $4.74B, up 24.9% but below expectations.
• Institutional activity is mixed: firms like TimesSquare and Federated Hermes added large positions while Capital Group trimmed its holding, and company insiders (including the CEO and CFO) sold shares totaling 17,834 during the quarter.

Dnca Finance boosted its position in Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 12.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 281,047 shares of the company's stock after purchasing an additional 30,596 shares during the period. Flutter Entertainment makes up about 5.0% of Dnca Finance's portfolio, making the stock its 5th largest holding. Dnca Finance owned 0.16% of Flutter Entertainment worth $73,175,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FLUT. Makena Capital Management LLC acquired a new position in Flutter Entertainment during the third quarter worth about $11,517,000. TimesSquare Capital Management LLC lifted its holdings in Flutter Entertainment by 294.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 378,878 shares of the company's stock valued at $96,235,000 after acquiring an additional 282,736 shares during the last quarter. AGF Management Ltd. bought a new position in shares of Flutter Entertainment during the 3rd quarter valued at about $9,519,000. Mutual of America Capital Management LLC bought a new position in shares of Flutter Entertainment during the 3rd quarter valued at about $2,173,000. Finally, Federated Hermes Inc. acquired a new position in shares of Flutter Entertainment in the 3rd quarter worth approximately $169,777,000.

Flutter Entertainment Stock Performance

Flutter Entertainment stock opened at $108.26 on Friday. Flutter Entertainment PLC has a fifty-two week low of $99.96 and a fifty-two week high of $313.68. The firm's 50 day simple moving average is $152.49 and its 200-day simple moving average is $211.01. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $18.98 billion, a P/E ratio of -60.14, a price-to-earnings-growth ratio of 0.72 and a beta of 2.30.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported $1.74 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $4.74 billion during the quarter, compared to analysts' expectations of $4.87 billion. During the same quarter last year, the company posted $2.94 EPS. The firm's revenue was up 24.9% compared to the same quarter last year. As a group, equities research analysts predict that Flutter Entertainment PLC will post 4.17 EPS for the current year.

Flutter Entertainment announced that its board has initiated a share repurchase program on Wednesday, March 11th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently commented on FLUT. Stifel Nicolaus cut their target price on shares of Flutter Entertainment from $304.00 to $259.00 and set a "buy" rating for the company in a research note on Friday, January 30th. Wells Fargo & Company restated an "equal weight" rating and issued a $228.00 price target (down from $248.00) on shares of Flutter Entertainment in a research report on Wednesday, January 14th. Susquehanna reaffirmed a "positive" rating and issued a $228.00 price target on shares of Flutter Entertainment in a report on Tuesday, January 27th. Truist Financial cut their price objective on Flutter Entertainment from $260.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, February 27th. Finally, Barclays reduced their price objective on Flutter Entertainment from $304.00 to $225.00 and set an "overweight" rating for the company in a research note on Friday, February 27th. 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. Based on data from MarketBeat.com, Flutter Entertainment has a consensus rating of "Moderate Buy" and an average target price of $234.65.

Flutter Entertainment News Roundup

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 Transactions at Flutter Entertainment

In related news, CFO Robert Coldrake sold 4,613 shares of the company's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $106.45, for a total transaction of $491,053.85. Following the transaction, the chief financial officer directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeremy Peter Jackson sold 4,326 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $108.00, for a total value of $467,208.00. Following the completion of the sale, the chief executive officer directly owned 36,788 shares of the company's stock, valued at approximately $3,973,104. This represents a 10.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,834 shares of company stock valued at $1,900,331 over the last quarter. Company insiders own 0.09% of the company's stock.

Flutter Entertainment Company 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.

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