Dynamic Technology Lab Private Ltd lifted its stake in Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 92.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,420 shares of the company's stock after acquiring an additional 3,560 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Flutter Entertainment were worth $1,644,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC grew its position in Flutter Entertainment by 1,375.0% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company's stock worth $26,000 after purchasing an additional 110 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Flutter Entertainment in the first quarter valued at about $27,000. Tower Research Capital LLC TRC acquired a new stake in Flutter Entertainment during the fourth quarter worth about $33,000. Parallel Advisors LLC increased its stake in Flutter Entertainment by 78.9% during the first quarter. Parallel Advisors LLC now owns 136 shares of the company's stock valued at $30,000 after acquiring an additional 60 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Flutter Entertainment by 90.6% in the 1st quarter. Farther Finance Advisors LLC now owns 183 shares of the company's stock valued at $41,000 after acquiring an additional 87 shares in the last quarter.
Flutter Entertainment Price Performance
Shares of FLUT stock opened at $295.19 on Friday. The stock's fifty day simple moving average is $296.23 and its 200 day simple moving average is $263.41. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $51.98 billion, a price-to-earnings ratio of 145.41, a P/E/G ratio of 1.43 and a beta of 2.29. Flutter Entertainment PLC has a one year low of $196.88 and a one year high of $313.68.
Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.08 by $0.87. The business had revenue of $4.19 billion for 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%.The business's quarterly revenue was up 16.0% on a year-over-year basis. Flutter Entertainment has set its FY 2025 guidance at EPS. On average, analysts expect that Flutter Entertainment PLC will post 4.17 earnings per share for the current fiscal year.
Flutter Entertainment declared that its Board of Directors has initiated a stock buyback plan on Friday, August 8th that allows the company to repurchase $245.00 million in shares. This repurchase authorization allows the company to buy up to 0.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.
Insider Buying and Selling
In related news, insider James Philip Bishop sold 1,904 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $281.64, for a total value of $536,242.56. Following the sale, the insider owned 4,712 shares of the company's stock, valued at $1,327,087.68. The trade was a 28.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Mark Taylor sold 15,283 shares of Flutter Entertainment stock in a transaction on Monday, August 11th. The shares were sold at an average price of $284.80, for a total value of $4,352,598.40. Following the completion of the transaction, the insider owned 16,589 shares of the company's stock, valued at approximately $4,724,547.20. The trade was a 47.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,396 shares of company stock worth $6,759,745 in the last quarter. Corporate insiders own 0.09% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. Peel Hunt lowered Flutter Entertainment from an "add" rating to a "hold" rating in a report on Friday, August 8th. Barclays lifted their price target on shares of Flutter Entertainment from $350.00 to $352.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Sanford C. Bernstein restated a "market perform" rating on shares of Flutter Entertainment in a research note on Friday, August 8th. Jefferies Financial Group started coverage on shares of Flutter Entertainment in a report on Tuesday, July 8th. They set a "buy" rating and a $380.00 price objective for the company. Finally, Canaccord Genuity Group upped their target price on shares of Flutter Entertainment from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $332.70.
Read Our Latest Stock Report 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.
Further Reading
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