Flutter Entertainment PLC (NYSE:FLUT - Get Free Report) COO James Bishop sold 13,125 shares of Flutter Entertainment stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $82.12, for a total value of $1,077,825.00. Following the sale, the chief operating officer directly owned 16,449 shares in the company, valued at approximately $1,350,791.88. This trade represents a 44.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
James Philip Bishop also recently made the following trade(s):
- On Tuesday, September 1st, James Bishop sold 741 shares of Flutter Entertainment stock. The shares were sold at an average price of $97.86, for a total value of $72,514.26.
Flutter Entertainment Trading Down 3.9%
Shares of FLUT opened at $82.16 on Friday. The stock's 50-day moving average price is $84.07 and its 200 day moving average price is $102.98. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 41.10 and a beta of 1.27. Flutter Entertainment PLC has a 12-month low of $72.56 and a 12-month high of $229.86.
Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.50). Flutter Entertainment had a positive return on equity of 4.38% and a negative net margin of 5.37%. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the business posted $1.64 EPS. Flutter Entertainment's revenue was up 2.1% compared to the same quarter last year. As a group, research analysts predict that Flutter Entertainment PLC will post 3.05 earnings per share for the current year.
Analyst Ratings Changes
FLUT has been the subject of a number of recent research reports. Benchmark cut their target price on Flutter Entertainment from $132.00 to $113.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Sanford C. Bernstein reduced their target price on Flutter Entertainment from $110.00 to $100.00 and set a "market perform" rating for the company in a research report on Tuesday, November 3rd. Citizens Jmp decreased their price target on shares of Flutter Entertainment from $129.00 to $116.00 and set a "market outperform" rating on the stock in a research note on Thursday, November 5th. BTIG Research boosted their price target on shares of Flutter Entertainment from $95.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, November 4th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $160.00 price target on shares of Flutter Entertainment in a report on Wednesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Flutter Entertainment has a consensus rating of "Moderate Buy" and a consensus target price of $129.75.
Get Our Latest Research Report on Flutter Entertainment
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLUT. Arrowstreet Capital Limited Partnership grew its stake in shares of Flutter Entertainment by 286.2% in the 1st 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. Sei Investments Co. raised its holdings in shares of Flutter Entertainment by 28.7% in the 1st quarter. Sei Investments Co. now owns 74,851 shares of the company's stock worth $7,631,000 after buying an additional 16,682 shares in the last quarter. Delta Global Management LP acquired a new position in shares of Flutter Entertainment in the 1st quarter worth approximately $1,461,000. Parvus Asset Management Jersey Ltd bought a new position in shares of Flutter Entertainment during the 2nd quarter worth approximately $1,552,097,267. Finally, HughesLittle Investment Management Ltd. lifted its position in shares of Flutter Entertainment by 34.8% during the 1st quarter. HughesLittle Investment Management Ltd. now owns 329,440 shares of the company's stock worth $33,586,000 after buying an additional 85,050 shares during the period.
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.
Featured Stories
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].
