Don Liu Sells 565 Shares of Flutter Entertainment (NYSE:FLUT) Stock

Flutter Entertainment PLC (NYSE:FLUT) insider Don Liu sold 565 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total transaction of $55,290.90. Following the sale, the insider owned 20,441 shares of the company’s stock, valued at approximately $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 SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flutter Entertainment Stock Down 2.0%

Shares of NYSE:FLUT opened at $100.32 on Friday. Flutter Entertainment PLC has a 1 year low of $89.71 and a 1 year high of $297.23. The company has a market cap of $17.41 billion, a PE ratio of -23.33, a P/E/G ratio of 2.59 and a beta of 1.26. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.89 and a quick ratio of 0.89. The stock’s 50-day moving average is $102.65 and its 200 day moving average is $104.73.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the previous year, the company earned $2.95 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts anticipate that Flutter Entertainment PLC will post 3.48 EPS for the current year.

Trending Headlines about 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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FLUT. Citizens Jmp cut their price target on shares of Flutter Entertainment from $165.00 to $159.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 8th. Benchmark decreased their price objective on shares of Flutter Entertainment from $132.00 to $113.00 and set a “buy” rating for the company in a report on Thursday, August 6th. JPMorgan Chase & Co. began coverage on shares of Flutter Entertainment in a research note on Wednesday, August 12th. They set a “neutral” rating and a $114.00 target price on the stock. Wall Street Zen cut shares of Flutter Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Flutter Entertainment in a research note on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $156.88.

Hedge Funds Weigh In On Flutter Entertainment

A number of institutional investors have recently added to or reduced their stakes in FLUT. Zions Bancorporation National Association UT lifted 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 valued at $27,000 after buying an additional 118 shares during the period. EFG International AG bought a new stake in shares of Flutter Entertainment during the 4th quarter valued at $36,000. IFP Advisors Inc grew its position in shares of Flutter Entertainment by 93.8% in the 4th quarter. IFP Advisors Inc now owns 186 shares of the company’s stock worth $40,000 after buying an additional 90 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in shares of Flutter Entertainment by 83.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock worth $42,000 after buying an additional 75 shares during the period. Finally, LM Advisors LLC bought a new position in shares of Flutter Entertainment in the 4th quarter worth about $46,000.

Flutter Entertainment Company Profile

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.