Retirement Planning Group LLC Invests $590,000 in Flutter Entertainment PLC $FLUT

Retirement Planning Group LLC bought a new position in Flutter Entertainment PLC (NYSE:FLUT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,065 shares of the company’s stock, valued at approximately $590,000.

Other large investors have also recently modified their holdings of the company. SVB Wealth LLC purchased a new position in shares of Flutter Entertainment in the first quarter worth about $27,000. ORG Partners LLC increased its stake in shares of Flutter Entertainment by 300.0% in the second quarter. ORG Partners LLC now owns 100 shares of the company’s stock worth $28,000 after purchasing an additional 75 shares in the last quarter. Barrett & Company Inc. purchased a new position in shares of Flutter Entertainment in the second quarter worth about $29,000. Signaturefd LLC increased its stake in shares of Flutter Entertainment by 98.5% in the second quarter. Signaturefd LLC now owns 129 shares of the company’s stock worth $37,000 after purchasing an additional 64 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Flutter Entertainment by 90.6% in the first quarter. Farther Finance Advisors LLC now owns 183 shares of the company’s stock worth $41,000 after purchasing an additional 87 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently commented on FLUT shares. Canaccord Genuity Group boosted their price objective on shares of Flutter Entertainment from $330.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Stifel Nicolaus boosted their price objective on shares of Flutter Entertainment from $353.00 to $356.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Sanford C. Bernstein reduced their price objective on shares of Flutter Entertainment from $340.00 to $330.00 and set a “market perform” rating for the company in a research note on Wednesday, October 15th. UBS Group reaffirmed a “buy” rating and set a $360.00 price objective (up previously from $340.00) on shares of Flutter Entertainment in a research note on Friday, August 8th. Finally, Kepler Capital Markets raised shares of Flutter Entertainment to a “strong-buy” rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Flutter Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $336.00.

Flutter Entertainment Trading Up 0.2%

Shares of Flutter Entertainment stock opened at $251.64 on Thursday. Flutter Entertainment PLC has a 1 year low of $196.88 and a 1 year high of $313.68. The firm has a market cap of $44.31 billion, a PE ratio of 123.96 and a beta of 1.91. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.95. The company has a 50 day simple moving average of $277.07 and a two-hundred day simple moving average of $267.87.

Flutter Entertainment (NYSE:FLUT) last announced its earnings results on Thursday, August 7th. The company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.87. Flutter Entertainment had a net margin of 2.96% and a return on equity of 12.15%. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $3.06 billion. Flutter Entertainment’s revenue was up 16.0% on a year-over-year basis. Flutter Entertainment has set its FY 2025 guidance at EPS. Analysts expect that Flutter Entertainment PLC will post 4.17 earnings per share for the current fiscal year.

Flutter Entertainment announced that its Board of Directors has authorized a share buyback program on Friday, August 8th that allows the company to repurchase $245.00 million in shares. This repurchase authorization allows the company to purchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Activity at Flutter Entertainment

In other news, insider James Philip Bishop sold 1,904 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $281.64, for a total value of $536,242.56. Following the completion of the sale, the insider directly owned 4,712 shares in the company, valued at approximately $1,327,087.68. The trade was a 28.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Amy Howe sold 4,097 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $305.91, for a total transaction of $1,253,313.27. Following the completion of the sale, the chief executive officer owned 69,850 shares of the company’s stock, valued at approximately $21,367,813.50. The trade was a 5.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,396 shares of company stock valued at $6,759,745. Company insiders own 0.09% of the company’s stock.

Flutter Entertainment Company Profile

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 & 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.