Flutter Entertainment (NYSE:FLUT) CEO Jeremy Peter Jackson Sells 1,762 Shares

Flutter Entertainment PLC (NYSE:FLUTGet Free Report) CEO Jeremy Jackson sold 1,762 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total value of $172,429.32. Following the sale, the chief executive officer directly owned 70,452 shares of the company’s stock, valued at $6,894,432.72. This represents a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jeremy Peter Jackson also recently made the following trade(s):

  • On Wednesday, August 19th, Jeremy Jackson sold 2,112 shares of Flutter Entertainment stock. The shares were sold at an average price of $93.32, for a total value of $197,091.84.

Flutter Entertainment Price Performance

Flutter Entertainment stock opened at $102.26 on Friday. The business’s fifty day moving average is $102.73 and its two-hundred day moving average is $104.76. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $17.75 billion, a P/E ratio of -23.78, a P/E/G ratio of 2.58 and a beta of 1.26. Flutter Entertainment PLC has a 52 week low of $89.71 and a 52 week high of $297.23.

Flutter Entertainment (NYSE:FLUTGet Free Report) last announced its 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). The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.24 billion. Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.95 earnings per share. Equities research analysts forecast that Flutter Entertainment PLC will post 3.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Flutter Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Flutter Entertainment in the fourth quarter valued at about $694,009,000. Capricorn Fund Managers Ltd acquired a new position in shares of Flutter Entertainment during the first quarter worth about $3,670,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Flutter Entertainment by 53.3% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 64,054 shares of the company’s stock worth $6,530,000 after buying an additional 22,270 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Flutter Entertainment by 286.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 52,805 shares of the company’s stock worth $5,383,000 after buying an additional 39,133 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its position in 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 buying an additional 20,203 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Flutter Entertainment from $161.00 to $133.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Barclays decreased their price target on shares of Flutter Entertainment from $151.00 to $133.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings restated a “sell (d)” rating on shares of Flutter Entertainment in a research report on Monday, August 24th. New Street Research set a $110.00 price objective on Flutter Entertainment in a research report on Thursday. Finally, Zacks Research cut Flutter Entertainment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.88.

View Our Latest Stock Report on FLUT

Flutter Entertainment News Summary

Here are the key news stories impacting Flutter Entertainment this week:

  • Positive Sentiment: Wolfe Research initiated coverage of Flutter Entertainment with an “outperform” rating and a $150 price target, implying substantial upside from recent trading levels. The recommendation helped drive recent strength in FLUT shares. Wolfe Research initiates coverage of Flutter Entertainment
  • Neutral Sentiment: Several senior executives—including CEO Jeremy Jackson, CEO Daniel Taylor, CFO Robert Coldrake, COO James Bishop and insider Don Liu—sold shares totaling approximately $447,000. Each filing said the transactions were intended to cover tax withholding obligations tied to vested equity awards, reducing their significance as a discretionary bearish signal. Flutter Entertainment insider transaction filing
  • Negative Sentiment: Flutter is reviewing its Paddy Power retail-store network amid higher UK gambling taxes and economic uncertainty. Reports indicate the company is considering closing as many as 100 shops, raising concerns about pressure on UK retail revenue, profitability and employment-related costs. Flutter ponders closure of Paddy Power shops

About Flutter Entertainment

(Get Free Report)

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

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