Flutter Entertainment (NYSE:FLUT) CEO Sells $306,881.18 in Stock

Flutter Entertainment PLC (NYSE:FLUT – Get Free Report) CEO Daniel Taylor sold 3,727 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $82.34, for a total value of $306,881.18. Following the completion of the sale, the chief executive officer directly owned 56,642 shares of the company’s stock, valued at approximately $4,663,902.28. This represents a 6.17% decrease in their position. The transaction was disclosed in a legal filing 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.

Daniel Mark Taylor also recently made the following trade(s):

  • On Tuesday, September 1st, Daniel Taylor sold 791 shares of Flutter Entertainment stock. The stock was sold at an average price of $97.86, for a total transaction of $77,407.26.

Flutter Entertainment Stock Performance

NYSE FLUT opened at $85.10 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.49. The stock has a market cap of $14.80 billion, a PE ratio of -16.09 and a beta of 1.27. The stock has a fifty day simple moving average of $84.47 and a 200-day simple moving average of $103.45. Flutter Entertainment PLC has a twelve month low of $72.56 and a twelve month high of $235.77.

Flutter Entertainment (NYSE:FLUT – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.50). The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Flutter Entertainment had a negative net margin of 5.37% and a positive return on equity of 4.38%. Flutter Entertainment’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.64 earnings per share. Equities analysts anticipate that Flutter Entertainment PLC will post 3.05 earnings per share for the current year.

Institutional Trading of Flutter Entertainment

Large investors have recently made changes to their positions in the company. WGI DM LLC lifted its stake in Flutter Entertainment by 102.2% in the third quarter. WGI DM LLC now owns 961,047 shares of the company’s stock valued at $71,636,000 after buying an additional 485,678 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Flutter Entertainment by 6.2% in the 3rd quarter. Voya Investment Management LLC now owns 11,505 shares of the company’s stock valued at $858,000 after acquiring an additional 668 shares during the period. Bessemer Group Inc. increased its holdings in shares of Flutter Entertainment by 228.7% in the 3rd quarter. Bessemer Group Inc. now owns 1,433 shares of the company’s stock valued at $108,000 after acquiring an additional 997 shares during the period. Ground Swell Capital LLC acquired a new position in shares of Flutter Entertainment in the 3rd quarter valued at $250,000. Finally, Danske Bank A S raised its position in Flutter Entertainment by 96.2% in the 3rd quarter. Danske Bank A S now owns 141,323 shares of the company’s stock valued at $10,534,000 after purchasing an additional 69,300 shares during the last quarter.

Analyst Upgrades and Downgrades

FLUT has been the subject of several research reports. Wedbush dropped their price target on shares of Flutter Entertainment from $126.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. Wolfe Research began coverage on shares of Flutter Entertainment in a report on Wednesday, September 2nd. They set an “outperform” rating and a $150.00 price objective on the stock. Truist Financial reduced their price objective on shares of Flutter Entertainment from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. Zacks Research cut shares of Flutter Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Finally, Susquehanna increased their target price on shares of Flutter Entertainment from $100.00 to $101.00 and gave the company a “positive” rating in a research report on Thursday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.75.

Read Our Latest Report on FLUT

Flutter Entertainment Company Profile

(Get Free Report)

Flutter Entertainment is a global sports betting and gaming company that provides online and retail wagering, casino gaming and poker services. Its brands include FanDuel in the United States, Paddy Power and Betfair in the United Kingdom and Ireland, Sportsbet in Australia, and PokerStars in international markets. The company serves customers across the United States, the United Kingdom and Ireland, Australia, and other international markets. Its offerings include online sports betting, iGaming products such as casino games, poker platforms, and, in some markets, betting shops.

Further Reading

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

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