Flutter Entertainment PLC (NYSE:FLUT – Get Free Report) Director Alfred Hurley, Jr. sold 135 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $94.63, for a total transaction of $12,775.05. Following the sale, the director directly owned 4,221 shares in the company, valued at $399,433.23. This represents a 3.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Flutter Entertainment Trading Up 1.7%
Shares of Flutter Entertainment stock traded up $1.63 during mid-day trading on Friday, hitting $97.21. 702,578 shares of the stock were exchanged, compared to its average volume of 3,583,695. Flutter Entertainment PLC has a twelve month low of $91.52 and a twelve month high of $313.68. The stock has a market capitalization of $16.91 billion, a price-to-earnings ratio of -45.30, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58. The company has a 50-day simple moving average of $103.06 and a 200 day simple moving average of $151.21. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.
Flutter Entertainment (NYSE:FLUT – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.13. The company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.24 billion. Flutter Entertainment had a negative net margin of 2.20% and a positive return on equity of 11.60%. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the company earned $1.59 EPS. Research analysts forecast that Flutter Entertainment PLC will post 4.88 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on FLUT shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $167.00 price objective on shares of Flutter Entertainment in a report on Friday, May 8th. Benchmark cut their price target on shares of Flutter Entertainment from $175.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Barclays cut their price target on shares of Flutter Entertainment from $175.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Stifel Nicolaus cut their price target on shares of Flutter Entertainment from $216.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Flutter Entertainment in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Flutter Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $189.26.
Read Our Latest Stock Analysis on FLUT
Institutional Trading of Flutter Entertainment
A number of hedge funds have recently made changes to their positions in FLUT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Flutter Entertainment by 5.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock worth $290,000 after buying an additional 69 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Flutter Entertainment during the second quarter worth approximately $405,000. Creative Planning acquired a new position in Flutter Entertainment in the second quarter worth $296,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Flutter Entertainment by 246.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company’s stock worth $53,000 after purchasing an additional 133 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Flutter Entertainment by 74.6% in the second quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company’s stock worth $71,000 after purchasing an additional 106 shares during the period.
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.
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