Flutter Entertainment (FLUT)

• Market cap: $48.4B
• 1 day: -5.26%
• 5 days: -6.07%
• 1 month: 1.29%
• 3 months: 2.21%
• 6 months: 29.73%
• Year to date: 7.06%
• 1 year: 32.70%
• 5 years: 32.66%
• 10 years: 32.66%
• 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)

355% more first-time investments, than exits

New positions opened: 132 | Existing positions closed: 29

83% more call options, than puts

Call options by funds: $296M | Put options by funds: $161M

36% more repeat investments, than reductions

Existing positions increased: 174 | Existing positions reduced: 128

25% more funds holding

Funds holding: 381 [Q3] → 476 (+95) [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: $35.6B [Q3] → $39.5B (+$3.95B) [Q4]

1.93% more ownership

Funds ownership: 83.93% [Q3] → 85.86% (+1.93%) [Q4]

Research analyst outlook

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

• Low target: $285 5% upside
• Avg. target: $316 16% upside
• High target: $340 25% upside

8 analyst ratings

• positive: 8 100%
• neutral: 0 0%
• negative: 0 0%

UBS Ben Shelley 100% 1-year accuracy 3 / 3 met price target	23% upside $335	Buy Maintained	28 Jan 2025
Stifel Jeffrey Stantial 48% 1-year accuracy 13 / 27 met price target	17% upside $320	Buy Initiated	17 Jan 2025
Wells Fargo Daniel Politzer 59% 1-year accuracy 34 / 58 met price target	5% upside $285	Overweight Maintained	8 Jan 2025
Susquehanna Joseph Stauff 79% 1-year accuracy 23 / 29 met price target	16% upside $317	Positive Maintained	8 Jan 2025
Needham Bernie McTernan 85% 1-year accuracy 115 / 136 met price target	10% upside $300	Buy Maintained	8 Jan 2025