Squarepoint Ops LLC Invests $160.02 Million in Flutter Entertainment PLC $FLUT

Key Points

• Squarepoint Ops LLC bought a new position of 630,000 shares in Flutter Entertainment worth about $160.02 million, representing roughly 0.36% of the company.
• Flutter's Board approved a $250 million share buyback (≈1.3% of shares) while senior insiders—including CEOs Amy Howe and Jeremy Peter Jackson—sold a combined 17,834 shares (~$1.9 million), creating mixed signals on insider sentiment.
• The company missed quarterly expectations with EPS of $1.74 vs. $2.11 and revenue of $4.74 billion vs. $4.87 billion consensus, though revenue was up 24.9% YoY; analysts' consensus remains a "Moderate Buy" with an average target of $234.65.

Squarepoint Ops LLC bought a new position in shares of Flutter Entertainment PLC (NYSE:FLUT - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 630,000 shares of the company's stock, valued at approximately $160,020,000. Squarepoint Ops LLC owned approximately 0.36% of Flutter Entertainment at the end of the most recent quarter.

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

Flutter Entertainment Trading Up 2.6%

Shares of Flutter Entertainment stock opened at $108.26 on Friday. The stock has a market cap of $18.98 billion, a P/E ratio of -60.14, a P/E/G ratio of 0.72 and a beta of 2.30. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.31. Flutter Entertainment PLC has a 12-month low of $99.96 and a 12-month high of $313.68. The business's 50 day moving average is $152.49 and its 200-day moving average is $211.01.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last released its 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). 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 the consensus estimate of $4.87 billion. During the same period in the prior year, the business posted $2.94 earnings per share. Flutter Entertainment's quarterly revenue was up 24.9% compared to the same quarter last year. Equities research analysts predict that Flutter Entertainment PLC will post 4.17 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Zacks Research downgraded Flutter Entertainment from a "hold" rating to a "strong sell" rating in a research report on Monday, January 19th. Morgan Stanley reduced their target price on shares of Flutter Entertainment from $352.00 to $315.00 and set an "overweight" rating for the company in a report on Friday, December 12th. Benchmark decreased their target price on shares of Flutter Entertainment from $285.00 to $175.00 and set a "buy" rating for the company in a research report on Friday, February 27th. Stifel Nicolaus lowered their price target on shares of Flutter Entertainment from $304.00 to $259.00 and set a "buy" rating on the stock in a research note on Friday, January 30th. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $228.00 price target (down from $248.00) on shares of Flutter Entertainment in a research report on Wednesday, January 14th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $234.65.

Insider Activity

In related news, CEO Amy Howe sold 8,895 shares of the firm's stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $105.91, for a total value of $942,069.45. Following the completion of the sale, the chief executive officer directly owned 78,889 shares in the company, valued at approximately $8,355,133.99. This trade represents a 10.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeremy Peter Jackson sold 4,326 shares of the business's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $108.00, for a total value of $467,208.00. Following the transaction, the chief executive officer directly owned 36,788 shares in the company, valued at approximately $3,973,104. This trade represents a 10.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 17,834 shares of company stock valued at $1,900,331 in the last quarter. Company insiders own 0.09% of the company's stock.

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

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.

Want to see what other hedge funds are holding FLUT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flutter Entertainment PLC (NYSE:FLUT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.