Nancy Dubuc Sells 265 Shares of Flutter Entertainment plc (NYSE:FLUT) Stock

Flutter Entertainment plc (NYSE:FLUT) Director Nancy Dubuc sold 265 shares of Flutter Entertainment stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $244.96, for a total transaction of $64,914.40. Following the completion of the transaction, the director now owns 558 shares in the company, valued at approximately $136,687.68. This trade represents a 32.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Flutter Entertainment Price Performance

FLUT opened at $249.61 on Friday. The company has a 50-day moving average of $236.90 and a 200-day moving average of $253.79. The company has a market capitalization of $44.10 billion and a P/E ratio of 86.37. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73. 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 (NYSE:FLUT) last released its earnings results on Wednesday, May 7th. The company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.30). The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.06 billion. Flutter Entertainment had a negative return on equity of 4.52% and a negative net margin of 6.86%. Flutter Entertainment’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. Equities analysts expect that Flutter Entertainment plc will post 4.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Flutter Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital World Investors increased its position in shares of Flutter Entertainment by 11.9% in the 4th quarter. Capital World Investors now owns 15,426,515 shares of the company’s stock worth $3,986,968,000 after purchasing an additional 1,635,241 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Flutter Entertainment by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 9,591,786 shares of the company’s stock valued at $2,479,812,000 after buying an additional 299,300 shares during the last quarter. Parvus Asset Management Europe Ltd bought a new stake in shares of Flutter Entertainment during the 4th quarter valued at about $2,146,227,000. Norges Bank bought a new stake in shares of Flutter Entertainment during the 4th quarter valued at about $946,681,000. Finally, FMR LLC grew its position in shares of Flutter Entertainment by 0.8% during the 4th quarter. FMR LLC now owns 3,401,092 shares of the company’s stock valued at $881,349,000 after buying an additional 25,422 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have weighed in on FLUT. Wells Fargo & Company lifted their price target 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. Truist Financial reduced their target price on shares of Flutter Entertainment from $330.00 to $280.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. UBS Group lifted their target price 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. Citigroup restated an “outperform” rating on shares of Flutter Entertainment in a report on Wednesday, March 5th. Finally, Citizens Jmp reduced their target price on shares of Flutter Entertainment from $328.00 to $317.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $303.79.

Flutter Entertainment Company Profile

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.