BofA update shows where active managers are putting money
Flutter Entertainment plc (NYSE:FLUT) filed a report Friday announcing it has released an update regarding its total voting rights through the Regulatory News Service in London. The disclosure was made to comply with requirements set by the United Kingdom (TADAWUL:4280) Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The company stated that the announcement was furnished as Exhibit 99.1 to its Form 8-K filed with the U.S. Securities and Exchange Commission. No additional financial statements or operational updates were included in the filing. According to InvestingPro, Flutter maintains strong financial health with 16 key investment insights available for subscribers.
Flutter Entertainment, incorporated in Ireland and headquartered in New York, is listed on the New York Stock Exchange under the ticker FLUT. The company is scheduled to report earnings on August 7, with analysts expecting continued growth. The filing was signed by Fiona Gildea, Deputy Company Secretary and Head of Governance.
This information is based on a press release statement included in the company’s SEC filing.
In other recent news, Flutter Entertainment announced it will release its second-quarter 2025 financial results and host a webcast on August 7. This follows a strategic move by Flutter to increase its ownership in FanDuel from 95% to 100%, which led BofA Securities to raise its price target for the company to $330, maintaining a Buy rating. Furthermore, Flutter has secured a $1.75 billion bridge loan to support its financing needs, as disclosed in a filing with the U.S. Securities and Exchange Commission. This loan will be used for transactions, fees, and general corporate purposes. Additionally, JMP Securities reiterated its Market Outperform rating on Flutter, with a price target of $323, citing the company’s strong market position in the U.S. and international online gaming sectors. The consistent ratings and increased price targets reflect positive analyst sentiment towards Flutter’s market leadership and strategic initiatives.
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