James Philip Bishop Sells 741 Shares of Flutter Entertainment (NYSE:FLUT) Stock

Flutter Entertainment PLC (NYSE:FLUT) COO James Bishop sold 741 shares of the firm’s 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 $72,514.26. Following the completion of the transaction, the chief operating officer directly owned 16,864 shares in the company, valued at approximately $1,650,311.04. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flutter Entertainment Price Performance

FLUT opened at $100.32 on Friday. The company has a fifty day moving average price of $102.65 and a two-hundred day moving average price of $104.73. The firm has a market capitalization of $17.41 billion, a PE ratio of -23.33, a P/E/G ratio of 2.59 and a beta of 1.26. Flutter Entertainment PLC has a 52 week low of $89.71 and a 52 week high of $297.23. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.89.

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

Analyst Ratings Changes

Several research firms have weighed in on FLUT. UBS Group cut their target price on Flutter Entertainment from $160.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. New Street Research set a $110.00 price objective on shares of Flutter Entertainment in a research note on Thursday. JPMorgan Chase & Co. initiated coverage on shares of Flutter Entertainment in a report on Wednesday, August 12th. They set a “neutral” rating and a $114.00 price objective for the company. Wall Street Zen downgraded shares of Flutter Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Barclays cut their target price on shares of Flutter Entertainment from $151.00 to $133.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Flutter Entertainment currently has a consensus rating of “Moderate Buy” and an average price target of $156.88.

Hedge Funds Weigh In On Flutter Entertainment

Several institutional investors have recently modified their holdings of FLUT. Zions Bancorporation National Association UT increased its stake in Flutter Entertainment by 1,685.7% during the 4th quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 118 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of Flutter Entertainment by 83.3% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock worth $42,000 after acquiring an additional 75 shares in the last quarter. EFG International AG bought a new stake in shares of Flutter Entertainment during the fourth quarter worth $36,000. IFP Advisors Inc raised its holdings in shares of Flutter Entertainment by 93.8% during the fourth quarter. IFP Advisors Inc now owns 186 shares of the company’s stock worth $40,000 after acquiring an additional 90 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Flutter Entertainment by 246.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company’s stock worth $53,000 after acquiring an additional 133 shares during the period.

Flutter Entertainment News Summary

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Wolfe Research initiated coverage with an “outperform” rating and a $150 price target. The target implies significant upside from recent trading levels and provides a fresh bullish catalyst for FLUT, reinforcing the view that Flutter’s digital brands and U.S. operations can drive future growth. Wolfe Research initiates coverage of Flutter Entertainment
• Neutral Sentiment: Several senior executives sold shares to cover tax withholding obligations tied to vested equity awards. The CFO, COO and CEOs Jeremy Jackson and Daniel Taylor, along with insider Don Liu, sold a combined roughly $447,000 of stock. Because the sales were not described as discretionary, they are less concerning as a confidence signal, although the cluster of transactions may attract investor attention. Flutter Entertainment insider share sale
• Negative Sentiment: Flutter is reviewing up to 100 Paddy Power betting shops for possible closure, potentially affecting about 400 jobs. The review reflects pressure from higher UK gambling taxes and broader economic uncertainty. Closures could reduce Flutter’s retail footprint and lead to restructuring costs, while highlighting weaker profitability in its UK shops. Paddy Power puts betting shops under closure review

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.