Flutter Entertainment (NYSE:FLUT) Insider Don Liu Sells 565 Shares of Stock

Flutter Entertainment PLC (NYSE:FLUT) insider Don Liu sold 565 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total transaction of $55,290.90. Following the completion of the transaction, the insider directly owned 20,441 shares of the company’s stock, valued at $2,000,356.26. This represents a 2.69% decrease in their position. The transaction 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 Price Performance

Shares of NYSE:FLUT opened at $102.26 on Friday. The company’s fifty day moving average is $102.73 and its two-hundred day moving average is $104.76. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.32. Flutter Entertainment PLC has a 12-month low of $89.71 and a 12-month high of $297.23. The company has a market cap of $17.75 billion, a P/E ratio of -23.78, a price-to-earnings-growth ratio of 2.58 and a beta of 1.26.

Flutter Entertainment (NYSE:FLUT) last released its earnings results on Thursday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 previous year, the company earned $2.95 EPS. Equities analysts expect that Flutter Entertainment PLC will post 3.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FLUT has been the topic of several research reports. Wall Street Zen lowered shares of Flutter Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “sell (d)” rating on shares of Flutter Entertainment in a report on Monday, August 24th. New Street Research set a $110.00 price target on shares of Flutter Entertainment in a research note on Thursday. JPMorgan Chase & Co. initiated coverage on Flutter Entertainment in a report on Wednesday, August 12th. They set a “neutral” rating and a $114.00 price objective for the company. Finally, Citizens Jmp reduced their price objective on Flutter Entertainment from $165.00 to $159.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.88.

Institutional Trading of Flutter Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parvus Asset Management Jersey Ltd acquired a new stake in Flutter Entertainment in the 2nd quarter worth $1,552,097,267. Cibc World Markets Corp acquired a new stake in Flutter Entertainment in the 4th quarter valued at $1,678,841,000. Hsbc Holdings PLC grew its holdings in shares of Flutter Entertainment by 33,988.7% in the 1st quarter. Hsbc Holdings PLC now owns 5,605,543 shares of the company’s stock worth $575,185,000 after purchasing an additional 5,589,099 shares during the last quarter. Capital International Investors lifted its holdings in Flutter Entertainment by 146.8% during the 4th quarter. Capital International Investors now owns 8,039,066 shares of the company’s stock valued at $1,728,772,000 after purchasing an additional 4,782,302 shares during the last quarter. Finally, Norges Bank bought a new position in Flutter Entertainment during the 4th quarter valued at about $694,009,000.

Flutter Entertainment News Summary

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, suggesting substantial upside from recent trading levels near $102. The new bullish coverage appears to be the main catalyst supporting FLUT shares. Wolfe Research initiates coverage of Flutter Entertainment
• Positive Sentiment: Flutter’s broader analyst outlook remains favorable. MarketBeat data shows a “Moderate Buy” consensus rating and an average price target of $156.88, reflecting investor expectations for continued growth, particularly from brands such as FanDuel. Flutter Entertainment shares rise after Wolfe coverage
• Neutral Sentiment: Five senior insiders, including the CFO, COO and CEOs Jeremy Jackson and Daniel Taylor, sold a combined approximately $447,000 of stock. Because each filing stated that the shares were sold to cover tax withholding on vested equity awards, the transactions are less concerning than discretionary insider selling, though they may attract some investor attention. Flutter Entertainment insider transaction filing
• Negative Sentiment: Flutter is reviewing its Paddy Power retail-store network amid higher UK gambling taxes and economic uncertainty. Reports suggest the company could close up to 100 shops, signaling pressure on UK retail profitability and potentially adding restructuring costs. Flutter considers Paddy Power shop closures

About Flutter Entertainment

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.