Flutter Entertainment plc (NYSE:FLUT) Director Sells $105,655.30 in Stock

Flutter Entertainment plc (NYSE:FLUTGet Free Report) Director Carolan Lennon sold 430 shares of Flutter Entertainment stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $245.71, for a total value of $105,655.30. Following the completion of the sale, the director now owns 769 shares of the company’s stock, valued at $188,950.99. The trade was a 35.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Flutter Entertainment Price Performance

FLUT opened at $242.67 on Friday. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73. The firm has a 50-day moving average of $236.36 and a 200 day moving average of $253.95. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $42.88 billion and a P/E ratio of 83.97.

Flutter Entertainment (NYSE:FLUTGet Free Report) last posted its earnings results 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 company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the prior year, the company earned $0.10 EPS. The company’s revenue was up 7.9% on a year-over-year basis. On average, research analysts expect that Flutter Entertainment plc will post 4.17 EPS for the current year.

Hedge Funds Weigh In On Flutter Entertainment

A number of large investors have recently added to or reduced their stakes in the business. abrdn plc raised its stake in Flutter Entertainment by 6,491.2% in the fourth quarter. abrdn plc now owns 62,221 shares of the company’s stock worth $16,056,000 after buying an additional 61,277 shares in the last quarter. Yousif Capital Management LLC grew its stake in Flutter Entertainment by 7.5% in the fourth quarter. Yousif Capital Management LLC now owns 3,530 shares of the company’s stock worth $912,000 after purchasing an additional 245 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in Flutter Entertainment in the fourth quarter worth $216,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Flutter Entertainment by 3.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 344,815 shares of the company’s stock worth $89,117,000 after purchasing an additional 10,664 shares in the last quarter. Finally, Seelaus Asset Management LLC lifted its position in Flutter Entertainment by 6.4% during the fourth quarter. Seelaus Asset Management LLC now owns 914 shares of the company’s stock valued at $236,000 after buying an additional 55 shares during the period.

Analysts Set New Price Targets

FLUT has been the subject of a number of recent research reports. Wells Fargo & Company raised their target price on shares of Flutter Entertainment from $285.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Benchmark reissued a “buy” rating and set a $300.00 target price on shares of Flutter Entertainment in a research report on Monday, April 21st. Sanford C. Bernstein initiated coverage on shares of Flutter Entertainment in a research note on Wednesday. They issued a “market perform” rating and a $275.00 price objective on the stock. UBS Group boosted their price objective on Flutter Entertainment from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Finally, JMP Securities dropped their target price on shares of Flutter Entertainment from $317.00 to $301.00 and set a “market outperform” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $303.79.

Check Out Our Latest Stock Report on Flutter Entertainment

Flutter Entertainment Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Flutter Entertainment (NYSE:FLUT)

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