Flutter Entertainment (NYSE:FLUT) CEO Daniel Mark Taylor Sells 3,727 Shares of Stock

Flutter Entertainment PLC (NYSE:FLUT) CEO Daniel Taylor sold 3,727 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $82.34, for a total value of $306,881.18. Following the transaction, the chief executive officer directly owned 56,642 shares of the company’s stock, valued at $4,663,902.28. The trade was a 6.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Daniel Mark Taylor also recently made the following trade(s):

• On Tuesday, September 1st, Daniel Taylor sold 791 shares of Flutter Entertainment stock. The stock was sold at an average price of $97.86, for a total value of $77,407.26.

Flutter Entertainment Price Performance

Shares of FLUT stock opened at $82.02 on Tuesday. The firm has a market cap of $14.23 billion, a P/E ratio of 39.32, a P/E/G ratio of 3.00 and a beta of 1.27. Flutter Entertainment PLC has a fifty-two week low of $72.56 and a fifty-two week high of $235.77. The business’s 50 day moving average price is $85.07 and its 200-day moving average price is $104.39. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.89.

Flutter Entertainment (NYSE:FLUT) last posted its earnings results on Wednesday, November 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.50). The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Flutter Entertainment had a negative net margin of 5.37% and a positive return on equity of 4.26%. Flutter Entertainment’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.64 earnings per share. On average, equities research analysts anticipate that Flutter Entertainment PLC will post 3.05 earnings per share for the current year.

Hedge Funds Weigh In On Flutter Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLUT. Arrowstreet Capital Limited Partnership increased its stake in shares of Flutter Entertainment by 286.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 52,805 shares of the company’s stock valued at $5,383,000 after purchasing an additional 39,133 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Flutter Entertainment by 28.7% during the first quarter. Sei Investments Co. now owns 74,851 shares of the company’s stock valued at $7,631,000 after purchasing an additional 16,682 shares during the last quarter. Delta Global Management LP purchased a new position in shares of Flutter Entertainment during the first quarter valued at approximately $1,461,000. Parvus Asset Management Jersey Ltd purchased a new position in shares of Flutter Entertainment during the second quarter valued at approximately $1,552,097,267. Finally, HughesLittle Investment Management Ltd. boosted its position in shares of Flutter Entertainment by 34.8% in the 1st quarter. HughesLittle Investment Management Ltd. now owns 329,440 shares of the company’s stock worth $33,586,000 after purchasing an additional 85,050 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating and issued a $160.00 price objective on shares of Flutter Entertainment in a report on Wednesday, November 4th. Moffett Nathanson reaffirmed a “neutral” rating and issued a $92.00 target price on shares of Flutter Entertainment in a research report on Thursday, October 22nd. Needham & Company LLC cut their target price on shares of Flutter Entertainment from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Craig Hallum set a $95.00 price target on shares of Flutter Entertainment in a research report on Friday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $148.00 price target on shares of Flutter Entertainment in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.07.

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.

Flutter was formed in 2016 through the merger of Paddy Power and Betfair and adopted the Flutter Entertainment name in 2019.