Flutter Entertainment (FLUT)

• Market cap: $40.6B
• 1 day: -3.57%
• 5 days: -5.85%
• 1 month: -18.45%
• 3 months: -11.32%
• 6 months: -3.57%
• Year to date: -10.14%
• 1 year: 15.86%
• 5 years: 11.35%
• 10 years: 11.35%
• Sector: Information Technology
• Industry: Computer Programming, Data Processing, Etc.

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 Q4 regulatory filings by fund managers ($100M+ AUM)

366% more first-time investments, than exits

New positions opened: 135 | Existing positions closed: 29

83% more call options, than puts

Call options by funds: $296M | Put options by funds: $162M

38% more repeat investments, than reductions

Existing positions increased: 176 | Existing positions reduced: 128

27% more funds holding

Funds holding: 381 [Q3] → 482 (+101) [Q4]

19% more funds holding in top 10

Funds holding in top 10: 31 [Q3] → 37 (+6) [Q4]

11% more capital invested

Capital invested by funds: $35.5B [Q3] → $39.6B (+$4.02B) [Q4]

2.09% more ownership

Funds ownership: 83.82% [Q3] → 85.91% (+2.09%) [Q4]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $300 31% upside
• Avg. target: $318 39% upside
• High target: $340 49% upside

11 analyst ratings

• positive: 11 100%
• neutral: 0 0%
• negative: 0 0%

UBS Ben Shelley 0% 1-year accuracy 0 / 4 met price target	49% upside $340	Buy Maintained	6 Mar 2025
Macquarie Chad Beynon 36% 1-year accuracy 18 / 50 met price target	49% upside $340	Outperform Maintained	5 Mar 2025
Benchmark Mike Hickey 62% 1-year accuracy 58 / 93 met price target	31% upside $300	Buy Maintained	5 Mar 2025
Susquehanna Joseph Stauff 41% 1-year accuracy 12 / 29 met price target	38% upside $315	Positive Maintained	5 Mar 2025
Wells Fargo Daniel Politzer 27% 1-year accuracy 16 / 59 met price target	31% upside $300	Overweight Maintained	5 Mar 2025