Daniel Mark Taylor Sells 791 Shares of Flutter Entertainment (NYSE:FLUT) Stock

Flutter Entertainment PLC (NYSE:FLUT) CEO Daniel Taylor sold 791 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total transaction of $77,407.26. Following the completion of the transaction, the chief executive officer owned 52,467 shares of the company’s stock, valued at approximately $5,134,420.62. This trade represents a 1.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flutter Entertainment Trading Down 2.0%

FLUT stock opened at $100.32 on Friday. Flutter Entertainment PLC has a 52-week low of $89.71 and a 52-week high of $297.23. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.32. The firm has a market cap of $17.41 billion, a P/E ratio of -23.33, a PEG ratio of 2.59 and a beta of 1.26. The company’s 50-day simple moving average is $102.65 and its 200-day simple moving average is $104.73.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.05). The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.24 billion. Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. Flutter Entertainment’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.95 EPS. As a group, equities analysts forecast that Flutter Entertainment PLC will post 3.48 EPS for the current fiscal year.

Flutter Entertainment News Roundup

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parvus Asset Management Jersey Ltd acquired a new stake in shares of Flutter Entertainment in the second quarter valued at about $1,552,097,267. Capital International Investors boosted its position in Flutter Entertainment by 146.8% during the fourth quarter. Capital International Investors now owns 8,039,066 shares of the company’s stock worth $1,728,772,000 after acquiring an additional 4,782,302 shares during the last quarter. Cibc World Markets Corp purchased a new stake in Flutter Entertainment during the 4th quarter valued at about $1,678,841,000. Caledonia Private Investments Pty Ltd grew its stake in Flutter Entertainment by 3.8% during the 4th quarter. Caledonia Private Investments Pty Ltd now owns 7,191,861 shares of the company’s stock valued at $1,546,538,000 after acquiring an additional 264,856 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Flutter Entertainment by 33,988.7% in the 1st quarter. Hsbc Holdings PLC now owns 5,605,543 shares of the company’s stock valued at $575,185,000 after acquiring an additional 5,589,099 shares during the last quarter.

Analyst Upgrades and Downgrades

FLUT has been the topic of a number of research analyst reports. Zacks Research cut shares of Flutter Entertainment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. UBS Group decreased their price objective on shares of Flutter Entertainment from $160.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Wolfe Research began coverage on shares of Flutter Entertainment in a research report on Wednesday. They issued an “outperform” rating and a $150.00 target price on the stock. New Street Research set a $110.00 target price on shares of Flutter Entertainment in a research note on Thursday. Finally, JPMorgan Chase & Co. initiated coverage on shares of Flutter Entertainment in a research report on Wednesday, August 12th. They set a “neutral” rating and a $114.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Flutter Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.88.

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.