Flutter EntertainmentFLUT
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 Q3 regulatory filings by fund managers ($100M+ AUM)
614% more call options, than puts
Call options by funds: $628M | Put options by funds: $87.9M
268% more first-time investments, than exits
New positions opened: 140 | Existing positions closed: 38
82% more funds holding in top 10
Funds holding in top 10: 17 [Q2] → 31 (+14) [Q3]
46% more repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 83
42% more capital invested
Capital invested by funds: $25B [Q2] → $35.6B (+$10.5B) [Q3]
34% more funds holding
Funds holding: 282 [Q2] → 379 (+97) [Q3]
15.62% more ownership
Funds ownership: 68.29% [Q2] → 83.91% (+15.62%) [Q3]
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Wells Fargo Daniel Politzer 47% 1-year accuracy 25 / 53 met price target | 10%upside $285 | Overweight Maintained | 8 Jan 2025 |
Susquehanna Joseph Stauff 43% 1-year accuracy 12 / 28 met price target | 22%upside $317 | Positive Maintained | 8 Jan 2025 |
Needham Bernie McTernan 63% 1-year accuracy 84 / 134 met price target | 16%upside $300 | Buy Maintained | 8 Jan 2025 |
JMP Securities Mitch Germain 27% 1-year accuracy 11 / 41 met price target | 20%upside $311 | Market Outperform Maintained | 6 Jan 2025 |
Macquarie Chad Beynon 45% 1-year accuracy 18 / 40 met price target | 31%upside $340 | Outperform Initiated | 11 Dec 2024 |
Financial journalist opinion
Based on 18 articles about FLUT published over the past 30 days
