Insider Selling: Flutter Entertainment (NYSE:FLUT) CEO Sells $172,429.32 in Stock

Flutter Entertainment PLC (NYSE:FLUT) CEO Jeremy Jackson sold 1,762 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total transaction of $172,429.32. Following the completion of the transaction, the chief executive officer directly owned 70,452 shares in the company, valued at $6,894,432.72. This represents a 2.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jeremy Peter Jackson also recently made the following trade(s):

• On Wednesday, August 19th, Jeremy Jackson sold 2,112 shares of Flutter Entertainment stock. The stock was sold at an average price of $93.32, for a total value of $197,091.84.

Flutter Entertainment Trading Down 2.0%

Shares of NYSE:FLUT opened at $100.32 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.32. The company’s 50-day moving average price is $102.65 and its 200 day moving average price is $104.73. The company has a market cap of $17.41 billion, a PE ratio of -23.33, a P/E/G ratio of 2.54 and a beta of 1.26. Flutter Entertainment PLC has a fifty-two week low of $89.71 and a fifty-two week high of $297.23.

Flutter Entertainment (NYSE:FLUT) last announced its earnings results on Thursday, August 6th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.05). Flutter Entertainment had a positive return on equity of 7.27% and a negative net margin of 4.39%.The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the previous year, the firm earned $2.95 EPS. Flutter Entertainment’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts anticipate that Flutter Entertainment PLC will post 3.48 earnings per share for the current year.

Flutter Entertainment News Roundup

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. The target implies significant upside from recent trading levels and provides a fresh bullish catalyst for FLUT, reinforcing the view that Flutter’s digital brands and U.S. operations can drive future growth. Wolfe Research initiates coverage of Flutter Entertainment
• Neutral Sentiment: Several senior executives sold shares to cover tax withholding obligations tied to vested equity awards. The CFO, COO and CEOs Jeremy Jackson and Daniel Taylor, along with insider Don Liu, sold a combined roughly $447,000 of stock. Because the sales were not described as discretionary, they are less concerning as a confidence signal, although the cluster of transactions may attract investor attention. Flutter Entertainment insider share sale
• Negative Sentiment: Flutter is reviewing up to 100 Paddy Power betting shops for possible closure, potentially affecting about 400 jobs. The review reflects pressure from higher UK gambling taxes and broader economic uncertainty. Closures could reduce Flutter’s retail footprint and lead to restructuring costs, while highlighting weaker profitability in its UK shops. Paddy Power puts betting shops under closure review

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Zions Bancorporation National Association UT grew its holdings in shares of Flutter Entertainment by 1,685.7% during the 4th quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 118 shares in the last quarter. EFG International AG bought a new stake in Flutter Entertainment in the 4th quarter valued at $36,000. IFP Advisors Inc raised its stake in shares of Flutter Entertainment by 93.8% in the 4th quarter. IFP Advisors Inc now owns 186 shares of the company’s stock valued at $40,000 after buying an additional 90 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in shares of Flutter Entertainment by 83.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock valued at $42,000 after buying an additional 75 shares in the last quarter. Finally, LM Advisors LLC acquired a new stake in shares of Flutter Entertainment during the 4th quarter valued at about $46,000.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays reduced their target price on Flutter Entertainment from $151.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Wolfe Research initiated coverage on Flutter Entertainment in a research report on Wednesday. They set an “outperform” rating and a $150.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on Flutter Entertainment in a research note on Wednesday, August 12th. They set a “neutral” rating and a $114.00 target price on the stock. BNP Paribas Exane initiated coverage on Flutter Entertainment in a report on Thursday, May 14th. They issued an “underperform” rating and a $80.00 target price on the stock. Finally, Needham & Company LLC reduced their price target on shares of Flutter Entertainment from $135.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Two investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $156.88.

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.