Norges Bank Acquires Shares of 3,227,348 Flutter Entertainment PLC $FLUT

Norges Bank acquired a new stake in shares of Flutter Entertainment PLC (NYSE:FLUT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,227,348 shares of the company’s stock, valued at approximately $694,009,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLUT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Flutter Entertainment by 5.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock valued at $290,000 after acquiring an additional 69 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Flutter Entertainment during the 2nd quarter valued at approximately $405,000. Creative Planning purchased a new stake in Flutter Entertainment during the 2nd quarter valued at approximately $296,000. Northwestern Mutual Wealth Management Co. raised its stake in Flutter Entertainment by 246.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company’s stock valued at $53,000 after acquiring an additional 133 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Flutter Entertainment by 74.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company’s stock valued at $71,000 after acquiring an additional 106 shares during the last quarter.

Insider Transactions at Flutter Entertainment

In related news, CEO Amy Howe sold 8,895 shares of the firm’s stock in a transaction that occurred 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 $8,355,133.99. This trade represents a 10.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John A. Bryant acquired 1,950 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average cost of $102.86 per share, with a total value of $200,577.00. Following the completion of the purchase, the director directly owned 9,235 shares in the company, valued at $949,912.10. This represents a 26.77% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 10,453 shares of company stock worth $1,045,526 and sold 23,828 shares worth $2,477,625. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

FLUT has been the subject of several analyst reports. Susquehanna reduced their price objective on Flutter Entertainment from $160.00 to $143.00 and set a “positive” rating for the company in a research note on Tuesday, March 31st. Citizens Jmp cut their target price on Flutter Entertainment from $188.00 to $165.00 and set a “market outperform” rating for the company in a research note on Thursday, May 7th. BTIG Research cut their target price on Flutter Entertainment from $137.00 to $126.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Wells Fargo & Company cut their target price on Flutter Entertainment from $164.00 to $161.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Finally, Oppenheimer cut their target price on Flutter Entertainment from $210.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $189.26.

More Flutter Entertainment News

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Flutter is reshuffling its Asia-Pacific leadership, promoting Sportsbet CEO Barni Evans to lead the APAC region as part of a broader restructuring. Investors may view the change as a sign the company is sharpening execution in a key international market. Flutter promotes Sportsbet CEO Barni Evans to lead APAC charge
• Positive Sentiment: Recent analysis pieces argued Flutter could be an attractive entry point, citing 17% Q1 revenue growth to $4.3 billion, strength in iGaming, and expectations for margin improvement from integration, loyalty initiatives, and a unified FanDuel platform. Flutter Entertainment: Attractive Entry Point
• Positive Sentiment: Another commentary suggested the market may be overreacting to FanDuel-related concerns, pointing to Flutter’s scale and the potential for the 2026 FIFA World Cup to drive new customer acquisition and betting activity. Is The Market Mispricing Flutter Entertainment On FanDuel Concerns?
• Neutral Sentiment: Flutter’s Annual General Meeting was held today, but the release provided no major surprise in the excerpt, so it appears more like a routine corporate event than a stock-moving development. Flutter Entertainment PLC: Results of Annual General Meeting 2026
• Neutral Sentiment: Several directors sold small amounts of stock, but the filings say the sales were made to cover tax withholding on vesting equity awards. That makes the transactions look administrative rather than a sign of negative insider sentiment.

Flutter Entertainment Stock Up 0.0%

FLUT stock opened at $97.00 on Monday. The company has a market cap of $16.87 billion, a P/E ratio of -45.33, a P/E/G ratio of 1.28 and a beta of 1.40. Flutter Entertainment PLC has a 52 week low of $91.52 and a 52 week high of $313.68. The company’s 50-day moving average price is $102.87 and its 200 day moving average price is $150.27. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.13. Flutter Entertainment had a negative net margin of 2.20% and a positive return on equity of 11.60%. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The firm’s revenue was up 17.4% on a year-over-year basis. On average, research analysts expect that Flutter Entertainment PLC will post 4.88 earnings per share for the current fiscal year.

Flutter Entertainment declared that its board has authorized a stock repurchase plan 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 shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

About Flutter Entertainment

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.