Flutter Entertainment (NYSE:FLUT) CEO Daniel Mark Taylor Sells 791 Shares of 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 shares were 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 in the company, valued at approximately $5,134,420.62. This trade represents a 1.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flutter Entertainment Trading Up 0.3%

Shares of NYSE:FLUT opened at $102.26 on Friday. Flutter Entertainment PLC has a 12-month low of $89.71 and a 12-month high of $297.23. The stock has a market cap of $17.75 billion, a PE ratio of -23.78, a P/E/G ratio of 2.58 and a beta of 1.26. The business has a 50 day moving average of $102.73 and a 200-day moving average of $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 (NYSE:FLUT) last announced its earnings results on Thursday, August 6th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.05). The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.24 billion. Flutter Entertainment had a positive return on equity of 7.27% and a negative net margin of 4.39%.Flutter Entertainment’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $2.95 EPS. As a group, equities research analysts forecast that Flutter Entertainment PLC will post 3.48 earnings per share for the current year.

Analyst Ratings Changes

FLUT has been the topic of a number of recent research reports. Wedbush lowered their price target on shares of Flutter Entertainment from $138.00 to $126.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Barclays dropped their price objective on Flutter Entertainment from $151.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Wall Street Zen downgraded Flutter Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Wolfe Research initiated coverage on Flutter Entertainment in a report on Wednesday. They set an “outperform” rating and a $150.00 target price on the stock. Finally, Zacks Research cut Flutter Entertainment from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Two equities research 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. Based on data from MarketBeat.com, Flutter Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $156.88.

Key Flutter Entertainment News

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

Institutional Trading of Flutter Entertainment

A number of hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in shares of Flutter Entertainment during the 4th quarter worth approximately $694,009,000. Capricorn Fund Managers Ltd bought a new stake in Flutter Entertainment in the first quarter valued at $3,670,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Flutter Entertainment by 53.3% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 64,054 shares of the company’s stock valued at $6,530,000 after purchasing an additional 22,270 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings 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 during the period. Finally, TimesSquare Capital Management LLC boosted its position in shares of Flutter Entertainment by 5.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 399,081 shares of the company’s stock worth $85,818,000 after purchasing an additional 20,203 shares in the last quarter.

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.