Dorsal Capital Management LP Sells 125,000 Shares of Flutter Entertainment PLC $FLUT

Key Points

• Dorsal Capital Management cut its stake in Flutter by 23.8%, selling 125,000 shares and retaining 400,000 shares worth about $101.6 million (≈0.23% ownership), making FLUT its 15th-largest holding.
• Multiple insiders sold stock in mid‑March — CEO Amy Howe sold 8,895 shares and CFO Robert Coldrake sold 4,613 shares — with insiders disposing of 17,834 shares over the last 90 days, a move markets often view negatively.
• Flutter's board approved a $250 million share buyback (≈1.3% of shares) even as the company missed EPS estimates ($1.74 vs. $2.11) and analysts keep a consensus rating of Moderate Buy with an average price target of $234.65.

Dorsal Capital Management LP lowered its position in Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 23.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 400,000 shares of the company's stock after selling 125,000 shares during the quarter. Flutter Entertainment comprises about 2.7% of Dorsal Capital Management LP's portfolio, making the stock its 15th largest position. Dorsal Capital Management LP owned 0.23% of Flutter Entertainment worth $101,600,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Makena Capital Management LLC bought a new stake in Flutter Entertainment in the third quarter worth about $11,517,000. TimesSquare Capital Management LLC grew its stake in shares of Flutter Entertainment by 294.1% during the third quarter. TimesSquare Capital Management LLC now owns 378,878 shares of the company's stock valued at $96,235,000 after buying an additional 282,736 shares during the last quarter. AGF Management Ltd. purchased a new stake in shares of Flutter Entertainment in the third quarter worth approximately $9,519,000. Mutual of America Capital Management LLC bought a new stake in shares of Flutter Entertainment during the 3rd quarter worth approximately $2,173,000. Finally, Federated Hermes Inc. purchased a new position in Flutter Entertainment during the 3rd quarter valued at $169,777,000.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Citizens Jmp cut their price objective on Flutter Entertainment from $275.00 to $195.00 and set a "market outperform" rating on the stock in a research report on Friday, February 27th. Oppenheimer lowered their target price on shares of Flutter Entertainment from $280.00 to $210.00 and set an "outperform" rating for the company in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Flutter Entertainment in a research note on Monday, December 29th. Susquehanna reiterated a "positive" rating and set a $228.00 price objective on shares of Flutter Entertainment in a report on Tuesday, January 27th. Finally, Citigroup reissued an "outperform" rating on shares of Flutter Entertainment in a research report on Monday, January 5th. 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 stock. According to data from MarketBeat, Flutter Entertainment currently has a consensus rating of "Moderate Buy" and an average price target of $234.65.

Key Headlines Impacting Flutter Entertainment

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 Buying and Selling

In other news, CFO Robert Coldrake sold 4,613 shares of Flutter Entertainment stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $106.45, for a total value of $491,053.85. Following the transaction, the chief financial officer directly owned 10,006 shares in the company, valued at approximately $1,065,138.70. This trade represents a 31.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Amy Howe sold 8,895 shares of the business's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $105.91, for a total value of $942,069.45. Following the completion of the transaction, the chief executive officer directly owned 78,889 shares of the company's stock, valued at approximately $8,355,133.99. The trade was a 10.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 17,834 shares of company stock valued at $1,900,331 over the last 90 days. Corporate insiders own 0.09% of the company's stock.

Flutter Entertainment Stock Up 2.6%

NYSE:FLUT opened at $108.26 on Friday. 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 firm has a market cap of $18.98 billion, a PE ratio of -60.14, a price-to-earnings-growth ratio of 0.74 and a beta of 2.30. The company has a 50-day moving average of $152.49 and a 200 day moving average of $210.38. Flutter Entertainment PLC has a 1-year low of $99.96 and a 1-year high of $313.68.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.37). The business had revenue of $4.74 billion during the quarter, compared to analysts' expectations of $4.87 billion. Flutter Entertainment had a positive return on equity of 12.12% and a negative net margin of 1.89%.Flutter Entertainment's revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.94 EPS. As a group, research analysts anticipate that Flutter Entertainment PLC will post 4.17 EPS for the current fiscal year.

Flutter Entertainment declared that its Board of Directors has approved a share buyback program on Wednesday, March 11th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to purchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

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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