Flutter Entertainment plc (NYSE:FLUT) Director Holly K. Koeppel Sells 267 Shares

Flutter Entertainment plc (NYSE:FLUT) Director Holly K. Koeppel sold 267 shares of the company’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $245.36, for a total value of $65,511.12. Following the completion of the sale, the director now owns 2,556 shares of the company’s stock, valued at $627,140.16. This represents a 9.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Flutter Entertainment Price Performance

Shares of NYSE FLUT opened at $249.61 on Friday. The firm has a market cap of $44.10 billion and a P/E ratio of 86.37. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73. The business’s 50 day moving average is $236.90 and its 200-day moving average is $253.85.

Flutter Entertainment (NYSE:FLUT) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the business earned $0.10 EPS. Flutter Entertainment’s revenue was up 7.9% on a year-over-year basis. Equities research analysts predict that Flutter Entertainment plc will post 4.17 earnings per share for the current year.

Hedge Funds Weigh In On Flutter Entertainment

A number of hedge funds have recently added to or reduced their stakes in the stock. abrdn plc boosted its holdings in shares of Flutter Entertainment by 6,491.2% in the 4th quarter. abrdn plc now owns 62,221 shares of the company’s stock valued at $16,056,000 after purchasing an additional 61,277 shares in the last quarter. Yousif Capital Management LLC grew its position in Flutter Entertainment by 7.5% in the fourth quarter. Yousif Capital Management LLC now owns 3,530 shares of the company’s stock valued at $912,000 after acquiring an additional 245 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Flutter Entertainment in the fourth quarter valued at about $216,000. Sumitomo Mitsui Trust Group Inc. grew its position in Flutter Entertainment by 3.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 344,815 shares of the company’s stock valued at $89,117,000 after acquiring an additional 10,664 shares during the last quarter. Finally, Seelaus Asset Management LLC grew its position in Flutter Entertainment by 6.4% in the fourth quarter. Seelaus Asset Management LLC now owns 914 shares of the company’s stock valued at $236,000 after acquiring an additional 55 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Truist Financial dropped their price objective on Flutter Entertainment from $330.00 to $280.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Macquarie restated an “outperform” rating and issued a $340.00 price target (up from $330.00) on shares of Flutter Entertainment in a report on Thursday, May 8th. BTIG Research lowered their price target on Flutter Entertainment from $323.00 to $289.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Peel Hunt raised Flutter Entertainment from a “hold” rating to an “add” rating in a research report on Monday, March 10th. Finally, JMP Securities cut their price target on shares of Flutter Entertainment from $317.00 to $301.00 and set a “market outperform” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Flutter Entertainment presently has a consensus rating of “Buy” and an average price target of $303.79.

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.