Insider Selling: Flutter Entertainment (NYSE:FLUT) COO Sells $1,077,825.00 in Stock

Flutter Entertainment PLC (NYSE:FLUT) COO James Bishop sold 13,125 shares of the stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $82.12, for a total transaction of $1,077,825.00. Following the completion of the transaction, the chief operating officer directly owned 16,449 shares in the company, valued at approximately $1,350,791.88. This represents a 44.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

James Philip Bishop also recently made the following trade(s):

• On Tuesday, September 1st, James Bishop sold 741 shares of Flutter Entertainment stock. The stock was sold at an average price of $97.86, for a total transaction of $72,514.26.

Flutter Entertainment Price Performance

Shares of NYSE FLUT opened at $85.10 on Thursday. The firm has a market cap of $14.80 billion, a P/E ratio of -16.09 and a beta of 1.27. The business’s 50 day moving average is $84.47 and its 200-day moving average is $103.45. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.49. Flutter Entertainment PLC has a 1-year low of $72.56 and a 1-year high of $235.77.

Flutter Entertainment (NYSE:FLUT) last released its quarterly 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). Flutter Entertainment had a negative net margin of 5.37% and a positive return on equity of 4.38%. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the firm earned $1.64 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts predict that Flutter Entertainment PLC will post 3.05 earnings per share for the current year.

Analyst Ratings Changes

FLUT has been the topic of several research reports. Moffett Nathanson restated a “neutral” rating and issued a $92.00 price target on shares of Flutter Entertainment in a research note on Thursday, October 22nd. Cfra cut shares of Flutter Entertainment from a “buy” rating to a “hold” rating and set a $94.00 price objective for the company. in a research note on Tuesday. Citizens Jmp cut their price objective on shares of Flutter Entertainment from $129.00 to $116.00 and set a “market outperform” rating for the company in a report on Thursday, November 5th. BTIG Research lifted their price objective on Flutter Entertainment from $95.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, November 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $160.00 target price on shares of Flutter Entertainment in a research report on Wednesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Flutter Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $129.75.

Institutional Trading of Flutter Entertainment

Several institutional investors and hedge funds have recently modified their holdings of FLUT. WGI DM LLC lifted its holdings in shares of Flutter Entertainment by 102.2% in the third quarter. WGI DM LLC now owns 961,047 shares of the company’s stock worth $71,636,000 after acquiring an additional 485,678 shares during the last quarter. Voya Investment Management LLC increased its position in Flutter Entertainment by 6.2% during the 3rd quarter. Voya Investment Management LLC now owns 11,505 shares of the company’s stock worth $858,000 after purchasing an additional 668 shares in the last quarter. Bessemer Group Inc. lifted its stake in Flutter Entertainment by 228.7% in the 3rd quarter. Bessemer Group Inc. now owns 1,433 shares of the company’s stock valued at $108,000 after purchasing an additional 997 shares during the last quarter. Ground Swell Capital LLC acquired a new stake in Flutter Entertainment in the third quarter valued at approximately $250,000. Finally, Danske Bank A S boosted its position in Flutter Entertainment by 96.2% in the third quarter. Danske Bank A S now owns 141,323 shares of the company’s stock valued at $10,534,000 after buying an additional 69,300 shares in 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.