Robert Coldrake Sells 710 Shares of Flutter Entertainment (NYSE:FLUT) Stock

Flutter Entertainment PLC (NYSE:FLUT) CFO Robert Coldrake sold 710 shares of Flutter Entertainment 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 $69,480.60. Following the sale, the chief financial officer directly owned 22,778 shares in the company, valued at approximately $2,229,055.08. The trade was a 3.02% decrease in their position. The transaction was disclosed in a document filed 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 Trading Down 2.0%

Shares of Flutter Entertainment stock opened at $100.32 on Friday. Flutter Entertainment PLC has a fifty-two week low of $89.71 and a fifty-two week high of $297.23. The stock has a 50 day moving average of $102.65 and a 200 day moving average of $104.73. The firm has a market capitalization of $17.41 billion, a price-to-earnings ratio of -23.33, a PEG ratio of 2.59 and a beta of 1.26. 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 released 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 positive return on equity of 7.27% and a negative net margin of 4.39%.The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter in the prior year, the company posted $2.95 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, research analysts predict that Flutter Entertainment PLC will post 3.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FLUT. New Street Research set a $110.00 price target on Flutter Entertainment in a research note on Thursday. Wedbush decreased their target price on Flutter Entertainment from $138.00 to $126.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $148.00 target price on Flutter Entertainment in a report on Thursday, August 6th. JPMorgan Chase & Co. assumed coverage on Flutter Entertainment in a research report on Wednesday, August 12th. They issued a “neutral” rating and a $114.00 target price for the company. Finally, UBS Group reduced their price target on shares of Flutter Entertainment from $160.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $156.88.

Institutional Trading of Flutter Entertainment

Large investors have recently made changes to their positions in the company. Norges Bank purchased a new position in Flutter Entertainment in the fourth quarter worth approximately $694,009,000. Capricorn Fund Managers Ltd purchased a new stake in shares of Flutter Entertainment in the 1st quarter valued at approximately $3,670,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Flutter Entertainment by 53.3% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 64,054 shares of the company’s stock valued at $6,530,000 after purchasing an additional 22,270 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Flutter Entertainment by 286.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 52,805 shares of the company’s stock valued at $5,383,000 after purchasing an additional 39,133 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its holdings in shares of Flutter Entertainment by 5.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 399,081 shares of the company’s stock valued at $85,818,000 after purchasing an additional 20,203 shares in the last quarter.

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

About Flutter Entertainment

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.