Boston Partners bought a new position in shares of Flutter Entertainment PLC (NYSE:FLUT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,359 shares of the company's stock, valued at approximately $966,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Tokio Marine Asset Management Co. Ltd. boosted its position in Flutter Entertainment by 3.0% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,089 shares of the company's stock worth $1,349,000 after purchasing an additional 177 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Flutter Entertainment by 26,242.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 3,688 shares of the company's stock valued at $817,000 after acquiring an additional 3,674 shares during the period. National Pension Service boosted its position in shares of Flutter Entertainment by 2.0% in the first quarter. National Pension Service now owns 221,894 shares of the company's stock valued at $49,161,000 after acquiring an additional 4,394 shares during the period. Persistent Asset Partners Ltd bought a new stake in shares of Flutter Entertainment in the first quarter valued at approximately $325,000. Finally, Westpac Banking Corp boosted its position in shares of Flutter Entertainment by 434.2% in the first quarter. Westpac Banking Corp now owns 6,111 shares of the company's stock valued at $1,354,000 after acquiring an additional 4,967 shares during the period.
Insiders Place Their Bets
In other news, Director John A. Bryant sold 418 shares of Flutter Entertainment stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $245.71, for a total transaction of $102,706.78. Following the transaction, the director owned 5,956 shares in the company, valued at $1,463,448.76. The trade was a 6.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James Philip Bishop sold 1,904 shares of Flutter Entertainment stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $281.64, for a total value of $536,242.56. Following the transaction, the insider owned 4,712 shares in the company, valued at $1,327,087.68. This trade represents a 28.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,754 shares of company stock valued at $6,108,064 over the last 90 days. Corporate insiders own 0.09% of the company's stock.
Flutter Entertainment Price Performance
Flutter Entertainment stock traded up $4.38 during mid-day trading on Friday, hitting $299.38. 444,733 shares of the company were exchanged, compared to its average volume of 2,305,697. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The business has a fifty day moving average of $289.59 and a 200 day moving average of $261.83. Flutter Entertainment PLC has a 1-year low of $196.88 and a 1-year high of $313.68. The company has a market capitalization of $52.72 billion, a PE ratio of 147.48, a price-to-earnings-growth ratio of 1.23 and a beta of 2.31.
Flutter Entertainment (NYSE:FLUT - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.87. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $3.06 billion. Flutter Entertainment had a return on equity of 12.15% and a net margin of 2.96%.Flutter Entertainment's quarterly revenue was up 16.0% compared to the same quarter last year. Flutter Entertainment has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Flutter Entertainment PLC will post 4.17 earnings per share for the current year.
Flutter Entertainment declared that its board has authorized a stock buyback plan on Friday, August 8th that allows the company to buyback $245.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 0.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.
Analysts Set New Price Targets
FLUT has been the subject of several research reports. Sanford C. Bernstein reissued a "market perform" rating on shares of Flutter Entertainment in a research report on Friday, August 8th. JMP Securities increased their price objective on Flutter Entertainment from $323.00 to $345.00 and gave the company a "market outperform" rating in a research report on Friday, August 8th. Barclays increased their price objective on Flutter Entertainment from $350.00 to $352.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Oppenheimer increased their price objective on Flutter Entertainment from $310.00 to $350.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Citigroup restated a "buy" rating on shares of Flutter Entertainment in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $332.70.
Get Our Latest Stock Analysis on Flutter Entertainment
About Flutter Entertainment
(
Free Report)
Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.
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