Flutter Entertainment (FLUT)

• Market cap: $46.8B
• 1 day: 2.15%
• 5 days: 3.99%
• 1 month: -3.71%
• 3 months: 12.12%
• 6 months: 29.27%
• Year to date: 3.32%
• 1 year: 28.03%
• 5 years: 28.03%
• 10 years: 28.03%
• 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 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

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

• Low target: $275 5% upside
• Avg. target: $311 18% upside
• High target: $350 33% upside

14 analyst ratings

• positive: 14 100%
• neutral: 0 0%
• negative: 0 0%

Stifel Jeffrey Stantial 33% 1-year accuracy 8 / 24 met price target	22% upside $320	Buy Initiated	17 Jan 2025
Wells Fargo Daniel Politzer 53% 1-year accuracy 28 / 53 met price target	8% upside $285	Overweight Maintained	8 Jan 2025
Susquehanna Joseph Stauff 54% 1-year accuracy 15 / 28 met price target	20% upside $317	Positive Maintained	8 Jan 2025
Needham Bernie McTernan 70% 1-year accuracy 95 / 135 met price target	14% upside $300	Buy Maintained	8 Jan 2025
JMP Securities Mitch Germain 45% 1-year accuracy 18 / 40 met price target	18% upside $311	Market Outperform Maintained	6 Jan 2025