Flutter Entertainment (NYSE:FLUT) Insider Don Liu Sells 565 Shares

Flutter Entertainment PLC (NYSE:FLUT) insider Don Liu sold 565 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total transaction of $55,290.90. Following the sale, the insider directly owned 20,441 shares of the company’s stock, valued at approximately $2,000,356.26. This represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flutter Entertainment Trading Down 0.0%

Shares of Flutter Entertainment stock traded down $0.05 on Thursday, reaching $101.93. 673,628 shares of the company were exchanged, compared to its average volume of 3,350,201. Flutter Entertainment PLC has a fifty-two week low of $89.71 and a fifty-two week high of $297.23. The firm has a market capitalization of $17.69 billion, a price-to-earnings ratio of -23.68, a price-to-earnings-growth ratio of 2.46 and a beta of 1.26. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. The stock has a fifty day moving average price of $102.61 and a 200-day moving average price of $104.92.

Flutter Entertainment (NYSE:FLUT) last announced its earnings results on Thursday, August 6th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.05). The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.24 billion. Flutter Entertainment had a positive return on equity of 7.27% and a negative net margin of 4.39%.The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.95 earnings per share. On average, analysts expect that Flutter Entertainment PLC will post 3.48 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. AlphaGrep UK Ltd acquired a new position in Flutter Entertainment in the 2nd quarter worth about $203,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Flutter Entertainment by 65.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 630 shares of the company’s stock valued at $67,000 after buying an additional 250 shares during the last quarter. CTC Alternative Strategies Ltd. bought a new stake in shares of Flutter Entertainment in the 2nd quarter valued at approximately $235,000. Public Employees Retirement System of Ohio bought a new stake in shares of Flutter Entertainment in the 2nd quarter valued at approximately $9,881,000. Finally, Parvus Asset Management Jersey Ltd acquired a new position in Flutter Entertainment in the second quarter worth approximately $1,552,097,267.

Analysts Set New Price Targets

FLUT has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on shares of Flutter Entertainment from $137.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 6th. Wedbush lowered their price target on Flutter Entertainment from $138.00 to $126.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. BNP Paribas Exane initiated coverage on Flutter Entertainment in a research report on Thursday, May 14th. They set an “underperform” rating and a $80.00 price target on the stock. Wolfe Research assumed coverage on Flutter Entertainment in a research note on Wednesday. They issued an “outperform” rating and a $150.00 price objective for the company. Finally, Barclays decreased their price objective on Flutter Entertainment from $151.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Flutter Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $156.88.

Flutter Entertainment Company Profile

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.