Swiss National Bank Has $129.36 Million Position in Flutter Entertainment PLC $FLUT

Key Points

• Swiss National Bank trimmed its stake in Flutter by 4.8% in Q3 and now holds 509,282 shares—about $129.36 million or 0.29% of the company.
• Flutter missed quarterly estimates, reporting EPS of $1.74 vs $2.11 expected and revenue of $4.74B vs $4.87B, despite revenue rising 24.9% YoY and the company showing a negative net margin of 1.89%; shares were down about 1.9%.
• Major institutions maintain large positions—Vanguard owns ~17.26M shares (~$4.93B) and Parvus and Norges Bank initiated multi‑billion dollar stakes—while analysts rate Flutter a "Moderate Buy" with an average target of $234.65.

Swiss National Bank cut its stake in Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 509,282 shares of the company's stock after selling 25,900 shares during the period. Swiss National Bank owned about 0.29% of Flutter Entertainment worth $129,358,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of FLUT. Vanguard Group Inc. raised its stake in shares of Flutter Entertainment by 402.4% in the second 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 during the last quarter. Parvus Asset Management Jersey Ltd bought a new stake in Flutter Entertainment during the 2nd quarter worth approximately $2,231,266,000. Norges Bank acquired a new stake in Flutter Entertainment during the 2nd quarter valued at $930,349,000. State Street Corp raised its position in 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 last quarter. Finally, Geode Capital Management LLC raised its position 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 valued at $877,583,000 after purchasing an additional 1,122,892 shares during the last quarter.

Flutter Entertainment Stock Down 1.9%

Shares of NYSE FLUT opened at $107.28 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $18.81 billion, a PE ratio of -59.60, a price-to-earnings-growth ratio of 0.75 and a beta of 2.30. The firm's 50-day moving average is $159.01 and its 200-day moving average is $213.81. 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 data on Thursday, February 26th. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.11 by ($0.37). The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.87 billion. Flutter Entertainment had a negative net margin of 1.89% and a positive return on equity of 12.12%. Flutter Entertainment's revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.94 earnings per share. Equities analysts expect that Flutter Entertainment PLC will post 4.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FLUT shares. Susquehanna restated a "positive" rating and issued a $228.00 target price on shares of Flutter Entertainment in a research note on Tuesday, January 27th. Bank of America decreased their price objective on shares of Flutter Entertainment from $250.00 to $210.00 and set a "neutral" rating on the stock in a report on Thursday, January 22nd. Citigroup restated an "outperform" rating on shares of Flutter Entertainment in a research report on Monday, January 5th. Stifel Nicolaus dropped 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. 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 note on Wednesday, January 14th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Flutter Entertainment currently has an average rating of "Moderate Buy" and an average target price of $234.65.

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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