Flutter Entertainment PLC (NYSE:FLUT - Get Free Report) CEO Daniel Taylor sold 3,727 shares of the business's stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $82.34, for a total value of $306,881.18. Following the completion of the sale, the chief executive officer directly owned 56,642 shares in the company, valued at $4,663,902.28. This trade represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Daniel Mark Taylor also recently made the following trade(s):
- On Tuesday, September 1st, Daniel Taylor sold 791 shares of Flutter Entertainment stock. The stock was sold at an average price of $97.86, for a total value of $77,407.26.
Flutter Entertainment Price Performance
Shares of NYSE:FLUT opened at $82.02 on Tuesday. Flutter Entertainment PLC has a 1-year low of $72.56 and a 1-year high of $235.77. 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 business has a fifty day moving average price of $85.07 and a 200-day moving average price of $104.39. The company has a market capitalization of $14.23 billion, a PE ratio of 39.32, a PEG ratio of 3.00 and a beta of 1.27.
Flutter Entertainment (NYSE:FLUT - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.50). The company had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.99 billion. Flutter Entertainment had a positive return on equity of 4.26% and a negative net margin of 5.37%. Flutter Entertainment's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 EPS. As a group, equities analysts expect that Flutter Entertainment PLC will post 3.05 EPS for the current fiscal year.
Analysts Set New Price Targets
FLUT has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of Flutter Entertainment from $112.00 to $86.00 and set an "equal weight" rating for the company in a report on Thursday, November 5th. Weiss Ratings reiterated a "sell (d)" rating on shares of Flutter Entertainment in a research note on Monday, August 24th. Moffett Nathanson reiterated a "neutral" rating and set a $92.00 price target on shares of Flutter Entertainment in a report on Thursday, October 22nd. Barclays reduced their price target on shares of Flutter Entertainment from $133.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, November 5th. Finally, Zacks Research downgraded shares of Flutter Entertainment from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.07.
Get Our Latest Research Report on FLUT
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Bessemer Group Inc. boosted its position in shares of Flutter Entertainment by 228.7% during the third quarter. Bessemer Group Inc. now owns 1,433 shares of the company's stock valued at $108,000 after buying an additional 997 shares during the last quarter. Ground Swell Capital LLC bought a new stake in Flutter Entertainment in the 3rd quarter worth about $250,000. Danske Bank A S raised its position in Flutter Entertainment by 96.2% in the 3rd quarter. Danske Bank A S now owns 141,323 shares of the company's stock worth $10,534,000 after buying an additional 69,300 shares during the last quarter. Russell Investments Group Ltd. raised its position in Flutter Entertainment by 3.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 62,566 shares of the company's stock worth $4,664,000 after buying an additional 2,237 shares during the last quarter. Finally, Jefferies Financial Group Inc. raised its position in Flutter Entertainment by 1.0% in the 3rd quarter. Jefferies Financial Group Inc. now owns 100,569 shares of the company's stock worth $7,496,000 after buying an additional 1,019 shares during the last quarter.
Flutter Entertainment Company Profile
(
Get Free Report)
Flutter Entertainment is a global sports betting and gaming company that provides online and retail wagering, casino gaming and poker services. Its brands include FanDuel in the United States, Paddy Power and Betfair in the United Kingdom and Ireland, Sportsbet in Australia, and PokerStars in international markets.
The company serves customers across the United States, the United Kingdom and Ireland, Australia, and other international markets. Its offerings include online sports betting, iGaming products such as casino games, poker platforms, and, in some markets, betting shops.
Flutter was formed in 2016 through the merger of Paddy Power and Betfair and adopted the Flutter Entertainment name in 2019.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
