Flutter Entertainment (NYSE:FLUT) Stock: Insider Robert Coldrake Sells 991 Shares

Flutter Entertainment PLC (NYSE:FLUT) CFO Robert Coldrake sold 991 shares of the business’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $82.34, for a total transaction of $81,598.94. Following the completion of the transaction, the chief financial officer owned 23,888 shares in the company, valued at approximately $1,966,937.92. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Robert Coldrake also recently made the following trade(s):

• On Tuesday, September 1st, Robert Coldrake sold 710 shares of Flutter Entertainment stock. The shares were sold at an average price of $97.86, for a total transaction of $69,480.60.

Flutter Entertainment Stock Up 0.5%

Shares of NYSE:FLUT opened at $82.39 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.49. The firm has a market cap of $14.33 billion, a P/E ratio of 39.42 and a beta of 1.27. Flutter Entertainment PLC has a 12 month low of $72.56 and a 12 month high of $235.77. The company’s 50-day moving average price is $84.72 and its two-hundred day moving average price is $103.89.

Flutter Entertainment (NYSE:FLUT) last issued its quarterly earnings results on Wednesday, November 4th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.50). The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.99 billion. Flutter Entertainment had a negative net margin of 5.37% and a positive return on equity of 4.38%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.64 EPS. As a group, research analysts forecast that Flutter Entertainment PLC will post 3.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FLUT shares. Wolfe Research started coverage on Flutter Entertainment in a report on Wednesday, September 2nd. They issued an “outperform” rating and a $150.00 price objective for the company. Moffett Nathanson restated a “neutral” rating and set a $92.00 price objective on shares of Flutter Entertainment in a report on Thursday, October 22nd. Stifel Nicolaus set a $124.00 target price on shares of Flutter Entertainment in a report on Wednesday, November 4th. Truist Financial reduced their price target on shares of Flutter Entertainment from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, October 20th. Finally, Deutsche Bank Aktiengesellschaft set a $148.00 price target on shares of Flutter Entertainment in a report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.75.

Institutional Investors Weigh In On Flutter Entertainment

Large investors have recently added to or reduced their stakes in the business. Parvus Asset Management Jersey Ltd acquired a new stake in shares of Flutter Entertainment during the 2nd quarter worth about $1,552,097,267. Hsbc Holdings PLC boosted its holdings in shares of Flutter Entertainment by 33,988.7% during the 1st quarter. Hsbc Holdings PLC now owns 5,605,543 shares of the company’s stock worth $575,185,000 after buying an additional 5,589,099 shares during the period. Amundi grew its stake in Flutter Entertainment by 463.7% in the 1st quarter. Amundi now owns 2,059,906 shares of the company’s stock valued at $210,007,000 after buying an additional 1,694,474 shares during the last quarter. Janus Henderson Group PLC grew its stake in Flutter Entertainment by 1.3% in the 1st quarter. Janus Henderson Group PLC now owns 1,601,605 shares of the company’s stock valued at $163,202,000 after buying an additional 20,810 shares during the last quarter. Finally, WGI DM LLC grew its stake in Flutter Entertainment by 102.2% in the 3rd quarter. WGI DM LLC now owns 961,047 shares of the company’s stock valued at $71,636,000 after buying an additional 485,678 shares during the last quarter.

Flutter Entertainment Company Profile

Flutter Entertainment is a global sports betting and gaming company that provides online and retail wagering, casino gaming and poker services. Its brands include FanDuel in the United States, Paddy Power and Betfair in the United Kingdom and Ireland, Sportsbet in Australia, and PokerStars in international markets. The company serves customers across the United States, the United Kingdom and Ireland, Australia, and other international markets. Its offerings include online sports betting, iGaming products such as casino games, poker platforms, and, in some markets, betting shops.