Flutter Entertainment plc (NYSE:FLUT) CEO Amy Howe Sells 2,315 Shares of Stock

Flutter Entertainment plc (NYSE:FLUT) CEO Amy Howe sold 2,315 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $243.50, for a total transaction of $563,702.50. Following the completion of the sale, the chief executive officer now directly owns 73,947 shares in the company, valued at approximately $18,006,094.50. This trade represents a 3.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Amy Howe also recently made the following trade(s):

• On Thursday, March 6th, Amy Howe sold 11,814 shares of Flutter Entertainment stock. The stock was sold at an average price of $260.50, for a total transaction of $3,077,547.00.

Flutter Entertainment Stock Performance

NYSE:FLUT opened at $244.56 on Tuesday. 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 stock has a 50-day simple moving average of $233.55 and a two-hundred day simple moving average of $253.90. The firm has a market capitalization of $43.21 billion and a PE ratio of 84.46. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73.

Flutter Entertainment (NYSE:FLUT) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.59 earnings per share 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 during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts forecast that Flutter Entertainment plc will post 4.17 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FLUT. Benchmark reissued a “buy” rating and set a $300.00 price objective on shares of Flutter Entertainment in a research note on Monday, April 21st. UBS Group boosted their price objective on Flutter Entertainment from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. BTIG Research lowered their target price on shares of Flutter Entertainment from $323.00 to $289.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Macquarie reissued an “outperform” rating and issued a $340.00 price target (up previously from $330.00) on shares of Flutter Entertainment in a research note on Thursday, May 8th. Finally, Truist Financial decreased their price target on shares of Flutter Entertainment from $330.00 to $280.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Twenty equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Flutter Entertainment currently has a consensus rating of “Buy” and a consensus price target of $306.28.

Institutional Investors Weigh In On Flutter Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of FLUT. Jennison Associates LLC bought a new position in Flutter Entertainment in the 4th quarter worth about $239,306,000. DJE Kapital AG purchased a new stake in shares of Flutter Entertainment in the fourth quarter valued at approximately $442,000. Benson Investment Management Company Inc. bought a new position in Flutter Entertainment in the fourth quarter worth approximately $5,116,000. Bank of New York Mellon Corp increased its holdings in Flutter Entertainment by 68.3% during the 4th quarter. Bank of New York Mellon Corp now owns 199,813 shares of the company’s stock worth $51,642,000 after purchasing an additional 81,101 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Flutter Entertainment by 6.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 661,301 shares of the company’s stock valued at $170,913,000 after purchasing an additional 38,800 shares in the last quarter.

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.