Parvus Asset Management has doubled its stake in Flutter Entertainment to 10.7%, thereby becoming the company’s second-largest shareholder and enhancing activist investor influence. This move follows Parvus’s filing with the SEC, indicating a return to its prior involvement with the company. Flutter’s recent guidance for 2026 has also raised concerns, as it is below analyst expectations due to slowing customer growth and weaker performance in its US sportsbook operations, prompting Benchmark to lower its price target while maintaining a buy rating.
Parvus Asset Management doubles stake in Flutter Entertainment to 10.7%
