Flutter Entertainment PLC (NYSE:FLUT - Get Free Report) CEO Jeremy Peter Jackson sold 2,112 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $93.32, for a total transaction of $197,091.84. Following the sale, the chief executive officer owned 72,214 shares of the company's stock, valued at approximately $6,739,010.48. The trade was a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Flutter Entertainment Price Performance
Shares of FLUT stock opened at $99.47 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $17.26 billion, a PE ratio of -23.13, a price-to-earnings-growth ratio of 2.51 and a beta of 1.28. The firm's 50-day moving average is $103.14 and its two-hundred day moving average is $108.16. Flutter Entertainment PLC has a 12 month low of $89.71 and a 12 month high of $309.41.
Flutter Entertainment (NYSE:FLUT - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.05). The firm 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%. The business's quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $2.95 EPS. Analysts predict that Flutter Entertainment PLC will post 3.48 earnings per share for the current year.
Institutional Trading of Flutter Entertainment
Several institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT boosted its position in shares of Flutter Entertainment by 1,685.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 125 shares of the company's stock worth $27,000 after buying an additional 118 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings 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 during the period. EFG International AG purchased a new stake in shares of Flutter Entertainment in the 4th quarter valued at $36,000. IFP Advisors Inc lifted its stake in Flutter Entertainment by 93.8% during the 4th quarter. IFP Advisors Inc now owns 186 shares of the company's stock worth $40,000 after acquiring an additional 90 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Flutter Entertainment by 246.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company's stock worth $53,000 after acquiring an additional 133 shares in the last quarter.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on FLUT. Freedom Capital upgraded Flutter Entertainment to a "hold" rating in a research report on Monday, June 22nd. Moffett Nathanson downgraded Flutter Entertainment from a "buy" rating to a "neutral" rating and set a $127.00 target price on the stock. in a research report on Friday, April 24th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Flutter Entertainment in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft set a $148.00 price target on Flutter Entertainment in a report on Thursday, August 6th. Finally, Sanford C. Bernstein cut their price objective on Flutter Entertainment from $125.00 to $115.00 and set a "market perform" rating for the company in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $159.12.
Read Our Latest Stock Report on Flutter Entertainment
About Flutter Entertainment
(
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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