Key Points
- CEO Jeremy Peter Jackson sold 3,084 Flutter Entertainment shares on May 11 at an average price of $98.13, for total proceeds of about $302,633. The filing says the sale was made to cover tax withholding obligations tied to vested equity awards.
- Flutter reported better-than-expected first-quarter results, with EPS of $1.22 versus the $1.09 consensus and revenue of $4.30 billion, up 17.4% year over year. The company also maintained a positive return on equity of 11.6% despite a negative net margin.
- The board authorized a $250 million share buyback, equal to about 1.3% of shares outstanding, signaling continued capital returns and management confidence. The stock was trading near $96.13, well below its 52-week high of $313.68.
Flutter Entertainment PLC (NYSE:FLUT - Get Free Report) CFO Robert Coldrake sold 129 shares of the firm's stock in a transaction on Friday, May 8th. The stock was sold at an average price of $101.40, for a total transaction of $13,080.60. Following the transaction, the chief financial officer directly owned 23,488 shares of the company's stock, valued at approximately $2,381,683.20. This represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Robert Coldrake also recently made the following trade(s):
- On Wednesday, March 11th, Robert Coldrake sold 4,613 shares of Flutter Entertainment stock. The stock was sold at an average price of $106.45, for a total transaction of $491,053.85.
Flutter Entertainment Price Performance
Shares of FLUT stock opened at $96.13 on Wednesday. The firm has a market cap of $16.72 billion, a P/E ratio of -44.92, a P/E/G ratio of 1.18 and a beta of 1.58. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.90 and a quick ratio of 0.90. Flutter Entertainment PLC has a 1-year low of $93.56 and a 1-year high of $313.68. The firm has a fifty day moving average of $106.37 and a two-hundred day moving average of $162.74.
Flutter Entertainment (NYSE:FLUT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.09 by $0.13. Flutter Entertainment had a negative net margin of 2.20% and a positive return on equity of 11.60%. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period in the previous year, the business posted $1.59 EPS. The company's quarterly revenue was up 17.4% on a year-over-year basis. As a group, research analysts anticipate that Flutter Entertainment PLC will post 5.14 earnings per share for the current fiscal year.
Flutter Entertainment declared that its board has approved a stock buyback plan on Wednesday, March 11th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its stock is undervalued.
Institutional Trading of Flutter Entertainment
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Flutter Entertainment by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 17,559,354 shares of the company's stock worth $4,460,076,000 after buying an additional 301,879 shares in the last quarter. Capital International Investors raised its holdings in shares of Flutter Entertainment by 146.8% in the 4th quarter. Capital International Investors now owns 8,039,066 shares of the company's stock worth $1,728,772,000 after purchasing an additional 4,782,302 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of Flutter Entertainment during the fourth quarter valued at approximately $1,678,841,000. Caledonia Private Investments Pty Ltd raised its holdings in shares of Flutter Entertainment by 3.8% during the fourth quarter. Caledonia Private Investments Pty Ltd now owns 7,191,861 shares of the company's stock valued at $1,546,538,000 after acquiring an additional 264,856 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in shares of Flutter Entertainment by 33,988.7% during the first quarter. Hsbc Holdings PLC now owns 5,605,543 shares of the company's stock valued at $575,185,000 after acquiring an additional 5,589,099 shares during the period.
Flutter Entertainment News Summary
Here are the key news stories impacting Flutter Entertainment this week:
- Positive Sentiment: Multiple insiders, including CEO Jeremy Peter Jackson, COO James Philip Bishop, and directors John A. Bryant, Stefan Andreas Bomhard, and Don H. Liu, bought shares recently. That kind of insider buying can signal confidence that the stock is undervalued after its sharp decline. Article on CEO trade
- Positive Sentiment: Flutter canceled another 197,611 shares under its $5 billion buyback program, which supports earnings per share and reinforces management’s commitment to returning capital to shareholders. Article on share cancellation
- Neutral Sentiment: Flutter also drew a mixed analyst backdrop, with several firms cutting price targets after earnings while still maintaining buy or outperform ratings. This suggests the stock is seen as cheaper, but near-term execution risk remains. Article on analyst views
- Negative Sentiment: Citi warned that Flutter’s U.S. profit targets may still be too optimistic, especially if FanDuel and other U.S. operations fail to meet consensus expectations in the second half of 2026. Article on Citi warning
- Negative Sentiment: Flutter was also hit by reports of FanDuel performance challenges and a leadership shake-up, which helped trigger the recent selloff and added to concerns about the company’s U.S. growth story. Article on stock decline
Wall Street Analysts Forecast Growth
FLUT has been the subject of several research reports. Canaccord Genuity Group decreased their price target on shares of Flutter Entertainment from $270.00 to $220.00 and set a "buy" rating for the company in a report on Monday, March 2nd. Zacks Research downgraded shares of Flutter Entertainment from a "hold" rating to a "strong sell" rating in a research report on Monday, January 19th. Truist Financial cut their price objective on shares of Flutter Entertainment from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, May 7th. Citizens Jmp cut their price objective on shares of Flutter Entertainment from $188.00 to $165.00 and set a "market outperform" rating on the stock in a research report on Thursday, May 7th. Finally, UBS Group cut their price objective on shares of Flutter Entertainment from $300.00 to $160.00 and set a "buy" rating on the stock in a research report on Wednesday, March 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $194.23.
Read Our Latest Research Report on FLUT
Flutter Entertainment Company Profile
(
Get Free Report)
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.
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