John A. Bryant Sells 418 Shares of Flutter Entertainment plc (NYSE:FLUT) Stock

Flutter Entertainment plc (NYSE:FLUT) Director John A. Bryant sold 418 shares of the company’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $245.71, for a total value of $102,706.78. Following the sale, the director now owns 5,956 shares in the company, valued at approximately $1,463,448.76. This trade represents a 6.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Flutter Entertainment Price Performance

FLUT stock opened at $249.61 on Friday. The company has a market capitalization of $44.10 billion and a P/E ratio of 86.37. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73. The business has a 50 day simple moving average of $236.90 and a 200-day simple moving average of $253.79. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66.

Flutter Entertainment (NYSE:FLUT) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.30). The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.06 billion. Flutter Entertainment had a negative net margin of 6.86% and a negative return on equity of 4.52%. Flutter Entertainment’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. As a group, equities analysts anticipate that Flutter Entertainment plc will post 4.17 EPS for the current year.

Institutional Investors Weigh In On Flutter Entertainment

Several large investors have recently modified their holdings of the company. PARUS FINANCE UK Ltd lifted its holdings in shares of Flutter Entertainment by 1.5% during the first quarter. PARUS FINANCE UK Ltd now owns 3,350 shares of the company’s stock worth $742,000 after purchasing an additional 50 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Flutter Entertainment by 3.0% during the first quarter. Sequoia Financial Advisors LLC now owns 1,836 shares of the company’s stock worth $407,000 after purchasing an additional 53 shares during the period. Seelaus Asset Management LLC lifted its holdings in shares of Flutter Entertainment by 6.4% during the fourth quarter. Seelaus Asset Management LLC now owns 914 shares of the company’s stock worth $236,000 after purchasing an additional 55 shares during the period. Harbor Investment Advisory LLC lifted its holdings in shares of Flutter Entertainment by 43.8% during the first quarter. Harbor Investment Advisory LLC now owns 184 shares of the company’s stock worth $41,000 after purchasing an additional 56 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Flutter Entertainment by 78.9% during the first quarter. Parallel Advisors LLC now owns 136 shares of the company’s stock worth $30,000 after purchasing an additional 60 shares during the period.

Analysts Set New Price Targets

FLUT has been the subject of several analyst reports. Macquarie reaffirmed an “outperform” rating and set a $340.00 price objective (up from $330.00) on shares of Flutter Entertainment in a research report on Thursday, May 8th. UBS Group increased their price target on shares of Flutter Entertainment from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. BTIG Research dropped their price target on shares of Flutter Entertainment from $323.00 to $289.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $310.00 price target on shares of Flutter Entertainment in a research note on Thursday, May 8th. Finally, JMP Securities dropped their price target on shares of Flutter Entertainment from $317.00 to $301.00 and set a “market outperform” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $303.79.

About Flutter Entertainment

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.