Flutter Entertainment PLC (NYSE:FLUT – Get Free Report) insider Don Liu sold 565 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total transaction of $55,290.90. Following the transaction, the insider directly owned 20,441 shares of the company’s stock, valued at $2,000,356.26. This represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Flutter Entertainment Trading Down 2.0%
NYSE:FLUT opened at $100.32 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $17.41 billion, a PE ratio of -23.33, a price-to-earnings-growth ratio of 2.54 and a beta of 1.26. The firm’s 50 day moving average is $102.65 and its 200 day moving average is $104.73. Flutter Entertainment PLC has a 12 month low of $89.71 and a 12 month high of $297.23.
Flutter Entertainment (NYSE:FLUT – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.05). Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter in the previous year, the company posted $2.95 EPS. Flutter Entertainment’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts expect that Flutter Entertainment PLC will post 3.48 earnings per share for the current year.
Analyst Ratings Changes
Get Our Latest Stock Report on FLUT
Key Headlines Impacting Flutter Entertainment
Here are the key news stories impacting Flutter Entertainment this week:
- Positive Sentiment: Wolfe Research initiated coverage with an “outperform” rating and a $150 price target. The target implies significant upside from recent trading levels and provides a fresh bullish catalyst for FLUT, reinforcing the view that Flutter’s digital brands and U.S. operations can drive future growth. Wolfe Research initiates coverage of Flutter Entertainment
- Neutral Sentiment: Several senior executives sold shares to cover tax withholding obligations tied to vested equity awards. The CFO, COO and CEOs Jeremy Jackson and Daniel Taylor, along with insider Don Liu, sold a combined roughly $447,000 of stock. Because the sales were not described as discretionary, they are less concerning as a confidence signal, although the cluster of transactions may attract investor attention. Flutter Entertainment insider share sale
- Negative Sentiment: Flutter is reviewing up to 100 Paddy Power betting shops for possible closure, potentially affecting about 400 jobs. The review reflects pressure from higher UK gambling taxes and broader economic uncertainty. Closures could reduce Flutter’s retail footprint and lead to restructuring costs, while highlighting weaker profitability in its UK shops. Paddy Power puts betting shops under closure review
Institutional Investors Weigh In On Flutter Entertainment
Institutional investors and hedge funds have recently made changes to their positions in the business. Zions Bancorporation National Association UT grew its position in Flutter Entertainment by 1,685.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock worth $27,000 after buying an additional 118 shares in the last quarter. EFG International AG bought a new stake in shares of Flutter Entertainment during the 4th quarter valued at about $36,000. IFP Advisors Inc grew its holdings in shares of Flutter Entertainment by 93.8% during the fourth quarter. IFP Advisors Inc now owns 186 shares of the company’s stock worth $40,000 after purchasing an additional 90 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of Flutter Entertainment by 83.3% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock worth $42,000 after purchasing an additional 75 shares during the last quarter. Finally, LM Advisors LLC bought a new position in shares of Flutter Entertainment in the fourth quarter worth approximately $46,000.
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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