Flutter Entertainment PLC $FLUT Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB trimmed its stake in Flutter Entertainment PLC (NYSE:FLUT) by 87.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,311 shares of the company’s stock after selling 131,725 shares during the quarter. Nordea Investment Management AB’s holdings in Flutter Entertainment were worth $5,049,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake 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 purchasing an additional 13,822,673 shares during the last quarter. Parvus Asset Management Jersey Ltd acquired a new position in shares of Flutter Entertainment in the second quarter valued at approximately $2,231,266,000. Norges Bank acquired a new position in shares of Flutter Entertainment in the second quarter valued at approximately $930,349,000. State Street Corp lifted its stake in shares of Flutter Entertainment by 120.3% during the second quarter. State Street Corp now owns 3,086,730 shares of the company’s stock valued at $882,064,000 after buying an additional 1,685,556 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Flutter Entertainment by 57.4% during the second quarter. Geode Capital Management LLC now owns 3,080,848 shares of the company’s stock valued at $877,583,000 after buying an additional 1,122,892 shares during the period.

Flutter Entertainment Stock Performance

Shares of NYSE:FLUT opened at $188.77 on Friday. The business has a 50-day moving average of $211.22 and a two-hundred day moving average of $254.35. The firm has a market capitalization of $33.08 billion, a PE ratio of -145.21 and a beta of 1.88. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96. Flutter Entertainment PLC has a 12 month low of $187.95 and a 12 month high of $313.68.

Flutter Entertainment News Summary

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

• Positive Sentiment: Board strengthening — Flutter added digital and media executive David Kenny to its board, a move investors may view as governance and strategy reinforcement. Flutter Entertainment adds David Kenny to Board of Directors
• Neutral Sentiment: Investor discussion/market chatter — Active threads on the LSE share chat reflect retail focus on volatility and short-term trading around FLTR/FLUT but contain mixed sentiment and no new corporate disclosures. Flutter Entertainment Share Chat (FLTR)
• Neutral Sentiment: Valuation/technical discussion — Commentary asks whether current pricing already reflects recent share weakness and regulatory headlines; this is analytical context rather than a new catalyst. Is Flutter Entertainment (NYSE:FLUT) Pricing Reflect Recent Share Weakness And Regulatory Headlines?
• Negative Sentiment: Analyst downgrade — Wells Fargo cut FLUT from “strong-buy” to “hold,” reducing near-term buy-side support and increasing downside pressure from revisions. Wells Fargo downgrades Flutter Entertainment (FLUT)
• Negative Sentiment: Sector headwinds — Betting stocks fell as NFL prediction-betting and free-to-play app formats gain traction, a trend that could compress revenue and margins for incumbent sportsbook operators like Flutter. Betting Stocks Fall as NFL Prediction Bets Gain on Gambling Apps
• Negative Sentiment: Market reaction explained — Coverage summarizing why FLUT shares are sliding points to the combination of the downgrade, sector competition and regulatory headlines as drivers of today’s sell-off. Why Flutter Entertainment (FLUT) shares are sliding today

Analyst Ratings Changes

Several brokerages have weighed in on FLUT. Oppenheimer cut their price target on Flutter Entertainment from $350.00 to $330.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Citizens Jmp upped their target price on Flutter Entertainment from $311.00 to $313.00 and gave the company a “market outperform” rating in a research note on Monday, January 5th. Barclays reduced their target price on Flutter Entertainment from $325.00 to $307.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 17th. Morgan Stanley lowered their price target on Flutter Entertainment from $352.00 to $315.00 and set an “overweight” rating for the company in a report on Friday, December 12th. Finally, Truist Financial set a $260.00 price objective on shares of Flutter Entertainment in a research note on Tuesday. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.35.

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.