Insider Selling: Flutter Entertainment plc (NYSE:FLUT) CEO 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 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 of the company’s stock, valued at approximately $18,006,094.50. This trade represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $260.50, for a total transaction of $3,077,547.00.

Flutter Entertainment Stock Performance

Flutter Entertainment stock opened at $244.56 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73. The company has a market capitalization of $43.21 billion and a P/E ratio of 84.46. The business has a 50 day moving average of $233.55 and a 200-day moving average of $253.90.

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

Institutional Investors Weigh In On Flutter Entertainment

Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock worth $25,000 after purchasing an additional 82 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Flutter Entertainment in the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. bought a new position in shares of Flutter Entertainment in the fourth quarter valued at approximately $26,000. BOCHK Asset Management Ltd purchased a new stake in shares of Flutter Entertainment during the fourth quarter valued at approximately $26,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in Flutter Entertainment by 1,375.0% during the first quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company’s stock worth $26,000 after acquiring an additional 110 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FLUT shares. Susquehanna lowered their price target on Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating on the stock in a report on Wednesday, March 5th. Wells Fargo & Company boosted their target price on Flutter Entertainment from $285.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. JMP Securities decreased their price target on Flutter Entertainment from $328.00 to $317.00 and set a “market outperform” rating for the company in a report on Monday, April 14th. Needham & Company LLC reissued a “buy” rating and issued a $310.00 price objective on shares of Flutter Entertainment in a research note on Thursday, May 8th. Finally, Truist Financial reduced their target price on shares of Flutter Entertainment from $330.00 to $280.00 and set a “buy” rating for the company in a research note 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $306.28.

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.