Flutter EntertainmentFLUT
Market Cap: $38B
About: In 2016, Irish company Paddy Power merged with UK firm Betfair to form online gaming operator Flutter Entertainment. Today, Flutter has the top digital revenue share in the US, UK and Ireland, Australia, and many other countries. Some of its main brands are FanDuel in the US, Sky Betting & Gaming and Paddy Power in the UK and Ireland, Sportsbet (acquired by Paddy Power in 2009) in Australia, and Sisal in Italy. As of Dec. 31, 2023, the company offered products in over 100 countries and had 12.3 million average monthly users. In 2023, sports betting was 56% of revenue, online gaming 39%, and fantasy sports, horse racing, and other 5%.
Employees: 23,009
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
278% more first-time investments, than exits
New positions opened: 102 | Existing positions closed: 27
89% more funds holding in top 10
Funds holding in top 10: 9 [Q1] → 17 (+8) [Q2]
52% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 58
44% more capital invested
Capital invested by funds: $16.8B [Q1] → $24.1B (+$7.32B) [Q2]
36% more funds holding
Funds holding: 208 [Q1] → 283 (+75) [Q2]
22% more call options, than puts
Call options by funds: $973M | Put options by funds: $796M
16.32% more ownership
Funds ownership: 49.06% [Q1] → 65.38% (+16.32%) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Morgan Stanley Ed Young 0% 1-year accuracy 0 / 1 met price target | 16%upside $247 | Overweight Initiated | 22 Aug 2024 |
JMP Securities Jordan Bender 55% 1-year accuracy 27 / 49 met price target | 19%upside $255 | Market Outperform Maintained | 14 Aug 2024 |
BTIG Clark Lampen 80% 1-year accuracy 8 / 10 met price target | 17%upside $249 | Buy Maintained | 14 Aug 2024 |
Benchmark Mike Hickey 74% 1-year accuracy 48 / 65 met price target | 19%upside $255 | Buy Reiterated | 14 Aug 2024 |
Susquehanna Joseph Stauff 46% 1-year accuracy 13 / 28 met price target | 8%upside $230 | Positive Maintained | 14 Aug 2024 |
Financial journalist opinion
Based on 23 articles about FLUT published over the past 30 days