Flutter Entertainment plc (NYSE:FLUT) CEO Amy Howe Sells 2,315 Shares of Stock

Flutter Entertainment plc (NYSE:FLUT) CEO Amy Howe sold 2,315 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $243.50, for a total transaction of $563,702.50. Following the transaction, the chief executive officer now owns 73,947 shares of the company’s stock, valued at $18,006,094.50. This represents a 3.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Amy Howe also recently made the following trade(s):

• On Thursday, March 6th, Amy Howe sold 11,814 shares of Flutter Entertainment stock. The shares were sold at an average price of $260.50, for a total transaction of $3,077,547.00.

Flutter Entertainment Price Performance

Shares of NYSE FLUT opened at $241.83 on Wednesday. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $42.73 billion and a price-to-earnings ratio of 83.68. The firm has a 50-day moving average of $233.25 and a two-hundred day moving average of $253.81.

Flutter Entertainment (NYSE:FLUT) last released its earnings results on Wednesday, May 7th. The company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.30). Flutter Entertainment had a negative return on equity of 4.52% and a negative net margin of 6.86%. The firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period last year, the business earned $0.10 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. As a group, analysts expect that Flutter Entertainment plc will post 4.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FLUT shares. Citizens Jmp decreased their target price on shares of Flutter Entertainment from $328.00 to $317.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. JMP Securities decreased their target price on shares of Flutter Entertainment from $328.00 to $317.00 and set a “market outperform” rating for the company in a research report on Monday, April 14th. Peel Hunt upgraded shares of Flutter Entertainment from a “hold” rating to an “add” rating in a research report on Monday, March 10th. Needham & Company LLC reiterated a “buy” rating and issued a $310.00 target price on shares of Flutter Entertainment in a research report on Thursday, May 8th. Finally, Barclays decreased their target price on shares of Flutter Entertainment from $300.00 to $293.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Twenty investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Flutter Entertainment currently has a consensus rating of “Buy” and an average price target of $306.28.

Hedge Funds Weigh In On Flutter Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLUT. Harvest Fund Management Co. Ltd acquired a new stake in shares of Flutter Entertainment in the fourth quarter worth $25,000. Farther Finance Advisors LLC grew its stake in Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock valued at $25,000 after acquiring an additional 82 shares in the last quarter. BOCHK Asset Management Ltd acquired a new position in shares of Flutter Entertainment in the 4th quarter valued at about $26,000. Raleigh Capital Management Inc. purchased a new stake in shares of Flutter Entertainment in the fourth quarter worth approximately $26,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of Flutter Entertainment by 1,375.0% during the first quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company’s stock worth $26,000 after purchasing an additional 110 shares during the period.

About Flutter Entertainment

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.