Flutter Entertainment plc (NYSE:FLUT) COO James Philip Bishop Sells 3,000 Shares of Stock

Flutter Entertainment plc (NYSE:FLUT) COO James Philip Bishop sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $243.20, for a total transaction of $729,600.00. Following the completion of the sale, the chief operating officer now owns 4,712 shares in the company, valued at approximately $1,145,958.40. The trade was a 38.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Flutter Entertainment Stock Down 2.2%

Flutter Entertainment stock opened at $241.83 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73. The firm has a 50 day moving average price of $233.25 and a two-hundred day moving average price of $253.81. The firm has a market cap of $42.73 billion and a price-to-earnings ratio of 83.68.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.30). The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.06 billion. Flutter Entertainment had a negative return on equity of 4.52% and a negative net margin of 6.86%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. Equities analysts predict that Flutter Entertainment plc will post 4.17 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FLUT shares. Wells Fargo & Company raised their price objective 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. UBS Group raised their price objective on shares of Flutter Entertainment from $335.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Benchmark reiterated a “buy” rating and issued a $300.00 price objective on shares of Flutter Entertainment in a report on Monday, April 21st. Macquarie reiterated an “outperform” rating and issued a $340.00 price objective (up previously from $330.00) on shares of Flutter Entertainment in a report on Thursday, May 8th. Finally, JMP Securities dropped their price objective on shares of Flutter Entertainment from $328.00 to $317.00 and set a “market outperform” rating for the company in a report on Monday, April 14th. Twenty research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Flutter Entertainment has a consensus rating of “Buy” and a consensus target price of $306.28.

Institutional Trading of Flutter Entertainment

Several large investors have recently modified their holdings of the stock. UMB Bank n.a. boosted its holdings in Flutter Entertainment by 58.8% during the 4th quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after acquiring an additional 50 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in Flutter Entertainment by 64.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock worth $33,000 after acquiring an additional 50 shares during the last quarter. PARUS FINANCE UK Ltd boosted its holdings in Flutter Entertainment by 1.5% during the 1st quarter. PARUS FINANCE UK Ltd now owns 3,350 shares of the company’s stock worth $742,000 after acquiring an additional 50 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Flutter Entertainment by 3.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,836 shares of the company’s stock worth $407,000 after acquiring an additional 53 shares during the last quarter. Finally, Seelaus Asset Management LLC boosted its holdings in Flutter Entertainment by 6.4% during the 4th quarter. Seelaus Asset Management LLC now owns 914 shares of the company’s stock worth $236,000 after acquiring an additional 55 shares during 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.