Dynamic Technology Lab Private Ltd Acquires 3,560 Shares of Flutter Entertainment PLC $FLUT

Dynamic Technology Lab Private Ltd raised its holdings in Flutter Entertainment PLC (NYSE:FLUT) by 92.2% in the 1st quarter, HoldingsChannel reports. The firm owned 7,420 shares of the company’s stock after purchasing an additional 3,560 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Flutter Entertainment were worth $1,644,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FLUT. GPS Wealth Strategies Group LLC raised its position in Flutter Entertainment by 1,375.0% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company’s stock valued at $26,000 after purchasing an additional 110 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Flutter Entertainment during the first quarter worth $27,000. Parallel Advisors LLC raised its position in shares of Flutter Entertainment by 78.9% during the first quarter. Parallel Advisors LLC now owns 136 shares of the company’s stock worth $30,000 after acquiring an additional 60 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Flutter Entertainment during the fourth quarter worth $33,000. Finally, Harbor Investment Advisory LLC raised its position in shares of Flutter Entertainment by 43.8% during the first quarter. Harbor Investment Advisory LLC now owns 184 shares of the company’s stock worth $41,000 after acquiring an additional 56 shares during the last quarter.

Insiders Place Their Bets

In other Flutter Entertainment news, insider Daniel Mark Taylor sold 15,283 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $284.80, for a total value of $4,352,598.40. Following the completion of the transaction, the insider directly owned 16,589 shares of the company’s stock, valued at approximately $4,724,547.20. The trade was a 47.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amy Howe sold 4,097 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $305.91, for a total value of $1,253,313.27. Following the completion of the transaction, the chief executive officer directly 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. Insiders sold a total of 23,396 shares of company stock valued at $6,759,745 in the last three months. Insiders own 0.09% of the company’s stock.

Flutter Entertainment Trading Up 1.0%

NYSE FLUT opened at $295.19 on Friday. The stock has a 50-day simple moving average of $296.23 and a 200 day simple moving average of $263.41. The company has a market capitalization of $51.98 billion, a PE ratio of 145.41, a P/E/G ratio of 1.43 and a beta of 2.29. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.95. Flutter Entertainment PLC has a 12 month low of $196.88 and a 12 month high of $313.68.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings data on Thursday, August 7th. The company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.87. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $3.06 billion. Flutter Entertainment had a return on equity of 12.15% and a net margin of 2.96%.The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Flutter Entertainment has set its FY 2025 guidance at EPS. Research analysts forecast that Flutter Entertainment PLC will post 4.17 EPS for the current year.

Flutter Entertainment declared that its board has initiated a share repurchase plan 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 shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC boosted their target price on Flutter Entertainment from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Macquarie boosted their target price on Flutter Entertainment from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Hsbc Global Res upgraded Flutter Entertainment to a “hold” rating in a research report on Wednesday, June 18th. Benchmark restated a “buy” rating and set a $365.00 target price (up previously from $300.00) on shares of Flutter Entertainment in a research report on Friday, August 8th. Finally, Canaccord Genuity Group boosted their target price on Flutter Entertainment from $330.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $332.70.

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.