Flutter Entertainment plc (NYSE:FLUT) Director Atif Rafiq Sells 265 Shares

Flutter Entertainment plc (NYSE:FLUT) Director Atif Rafiq sold 265 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $244.18, for a total value of $64,707.70. Following the completion of the sale, the director now owns 2,474 shares in the company, valued at approximately $604,101.32. This represents a 9.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Flutter Entertainment Price Performance

FLUT stock opened at $249.61 on Friday. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73. The stock’s fifty day simple moving average is $236.90 and its 200-day simple moving average is $253.85. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $44.10 billion and a price-to-earnings ratio of 86.37.

Flutter Entertainment (NYSE:FLUT) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 earnings per share (EPS) 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 business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter last year, the business earned $0.10 EPS. Flutter Entertainment’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts expect that Flutter Entertainment plc will post 4.17 EPS for the current year.

Analyst Upgrades and Downgrades

FLUT has been the topic of a number of research reports. BTIG Research lowered their price target on Flutter Entertainment from $323.00 to $289.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus lowered their price target on Flutter Entertainment from $320.00 to $315.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. JMP Securities lowered their price target on Flutter Entertainment from $317.00 to $301.00 and set a “market outperform” rating on the stock in a report on Thursday. Peel Hunt upgraded Flutter Entertainment from a “hold” rating to an “add” rating in a report on Monday, March 10th. Finally, Wells Fargo & Company increased their target price on Flutter Entertainment from $285.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $303.79.

Institutional Investors Weigh In On Flutter Entertainment

Hedge funds have recently made changes to their positions in the business. Harvest Fund Management Co. Ltd acquired a new stake in shares of Flutter Entertainment during the fourth quarter worth $25,000. Farther Finance Advisors LLC raised its position in shares of Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock worth $25,000 after buying an additional 82 shares during the period. GPS Wealth Strategies Group LLC raised its position in shares of Flutter Entertainment by 1,375.0% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company’s stock worth $26,000 after buying an additional 110 shares during the period. SVB Wealth LLC purchased a new position in shares of Flutter Entertainment in the 1st quarter worth $27,000. Finally, Parallel Advisors LLC raised its position in shares of Flutter Entertainment by 78.9% in the 1st quarter. Parallel Advisors LLC now owns 136 shares of the company’s stock worth $30,000 after buying an additional 60 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.