<div id="readability-page-1"><p>Swiss National Bank raised its position in  Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 6.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 535,182 shares of the company's stock after buying an additional 33,800 shares during the period. Swiss National Bank owned approximately 0.30% of Flutter Entertainment worth $152,934,000 at the end of the most recent quarter.</p><ul><li>MarketBeat Week in Review – 11/03 - 11/07</li></ul><p>A number of other hedge funds and other institutional investors have also modified their holdings of FLUT. Vanguard Group Inc. boosted its holdings in  Flutter Entertainment by 402.4% in the second quarter. Vanguard Group Inc. now owns 17,257,475 shares of the company's stock valued at $4,931,496,000 after purchasing an additional 13,822,673 shares during the last quarter.  Geode Capital Management LLC raised its position in shares of  Flutter Entertainment by 57.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,080,848 shares of the company's stock valued at $877,583,000 after purchasing an additional 1,122,892 shares in the last quarter.  BNP Paribas Financial Markets raised its position in shares of  Flutter Entertainment by 196.5% in the 1st quarter. BNP Paribas Financial Markets now owns 1,994,656 shares of the company's stock valued at $441,916,000 after purchasing an additional 1,322,016 shares in the last quarter.  Deutsche Bank AG boosted its stake in shares of  Flutter Entertainment by 52.2% during the 1st quarter. Deutsche Bank AG now owns 1,849,769 shares of the company's stock valued at $409,816,000 after buying an additional 634,497 shares during the last quarter.  Finally, Primecap Management Co. CA increased its stake in shares of  Flutter Entertainment by 80.3% in the second quarter. Primecap Management Co. CA now owns 1,717,089 shares of the company's stock worth $490,675,000 after buying an additional 764,980 shares during the last quarter. </p><div><p><span></span><span>Get <strong>Flutter Entertainment</strong> alerts:</span></p></div><h2>Flutter Entertainment Stock Up 0.3%</h2><p>Flutter Entertainment stock opened at $193.16 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.95 and a current ratio of 0.95. Flutter Entertainment PLC has a one year low of $189.40 and a one year high of $313.68. The company has a 50-day simple moving average of $243.69 and a 200-day simple moving average of $266.46. The firm has a market capitalization of $33.86 billion, a P/E ratio of 95.15 and a beta of 1.84. </p><ul><li>Prediction Markets Are Coming: Can DraftKings &amp; FanDuel Survive?</li></ul><p>Flutter Entertainment (NYSE:FLUT - Get Free Report) last posted its earnings results on Wednesday, November 12th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.87. Flutter Entertainment had a net margin of 2.96% and a return on equity of 12.15%. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the business posted $1.27 EPS. Flutter Entertainment's revenue was up 16.8% on a year-over-year basis.  Flutter Entertainment has set its FY 2025 guidance at  EPS. As a group, equities analysts expect that  Flutter Entertainment PLC will post 4.17 earnings per share for the current year. </p><p>Flutter Entertainment announced that its Board of Directors has authorized a stock repurchase plan on Friday, August 8th that allows the company to buyback $245.00 million in  outstanding  shares. This buyback authorization allows the company to buy up to 0.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued. </p><h2>Insider Activity</h2><ul><li>Robinhood Up 12%—Could Prediction Markets Be Its Secret Weapon?</li></ul><p>In related news, CEO Amy Howe sold 4,097 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $305.91, for a total value of $1,253,313.27. Following the completion of the transaction, the chief executive officer directly owned 69,850 shares of the company's stock, valued at $21,367,813.50. This represents a 5.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own  0.09% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><p>FLUT has been the topic of a number of research analyst reports. UBS Group reduced their price objective on shares of Flutter Entertainment from $360.00 to $340.00 and set a &#34;buy&#34; rating on the stock in a research note on Thursday. Kepler Capital Markets raised shares of Flutter Entertainment to a &#34;strong-buy&#34; rating in a research report on Thursday, August 28th. Canaccord Genuity Group decreased their price target on Flutter Entertainment from $340.00 to $300.00 and set a &#34;buy&#34; rating for the company in a research note on Thursday, November 13th. Needham &amp; Company LLC cut their price objective on Flutter Entertainment from $325.00 to $300.00 and set a &#34;buy&#34; rating on the stock in a research note on Thursday, November 13th. Finally, Bank of America  reiterated a &#34;neutral&#34; rating and issued a $250.00 target price (down previously from $325.00) on shares of Flutter Entertainment in a research report on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued  a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company  has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $316.35.</p><p><b>Check Out Our Latest Stock Report on FLUT</b></p><h2>Flutter Entertainment Profile</h2> (Free Report)<p>Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK &amp; Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Flutter Entertainment</li><li>Insider Selling Explained: Can it Inform Your Investing Choices?</li><li>Attention Income Investors: This REIT Is on Sale</li><li>The Most Important Warren Buffett Stock for Investors: His Own</li><li>Rocket Lab Just Had Its First Real Crash—The Rebound Could Be Bigger</li><li>What is diluted earnings per share (Diluted EPS)?</li><li>MarketBeat Week in Review – 11/17 - 11/21</li></ul><p><strong>Want to see what other hedge funds are holding FLUT?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flutter Entertainment PLC (NYSE:FLUT - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZMVVQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZMVVQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Flutter Entertainment Right Now?</h2><p>Before you consider Flutter Entertainment, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Flutter Entertainment wasn't on the list.</p><p>While Flutter Entertainment currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Swiss National Bank increased its stake in Flutter Entertainment PLC by 6.7% in Q2, owning 535,182 shares worth $152.93 million. Other institutional investors like Vanguard, Geode Capital, BNP Paribas, Deutsche Bank, and Primecap also raised their positions. Flutter's stock opened at $193.16, with a market cap of $33.86 billion. The company reported Q3 earnings of $1.64 per share, beating estimates, and announced a $245 million stock buyback plan. CEO Amy Howe sold 4,097 shares. UBS and Kepler Capital Markets provided positive ratings.</p>

Flutter Entertainment PLC $FLUT Shares Purchased by Swiss National Bank