Game Plan Financial Advisors LLC Sells 3,425 Shares of Flutter Entertainment PLC $FLUT

Key Points

• Game Plan Financial Advisors LLC significantly reduced its stake in Flutter Entertainment PLC by 82.5%, selling 3,425 shares and retaining only 725 shares valued at $207,000.
• Flutter Entertainment recently announced a $245 million share repurchase plan, indicating leadership's belief that its shares are undervalued.
• The company's stock has an average price target of $337.32, with a consensus rating of "Moderate Buy" from analysts.

Game Plan Financial Advisors LLC reduced its position in Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 82.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 725 shares of the company's stock after selling 3,425 shares during the quarter. Game Plan Financial Advisors LLC's holdings in Flutter Entertainment were worth $207,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FLUT. GPS Wealth Strategies Group LLC boosted its position in shares of Flutter Entertainment by 1,375.0% in the first quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company's stock valued at $26,000 after acquiring an additional 110 shares during the period. SVB Wealth LLC purchased a new stake in Flutter Entertainment in the first quarter valued at approximately $27,000. ORG Partners LLC raised its stake in Flutter Entertainment by 300.0% in the second quarter. ORG Partners LLC now owns 100 shares of the company's stock valued at $28,000 after purchasing an additional 75 shares in the last quarter. Barrett & Company Inc. purchased a new position in shares of Flutter Entertainment during the second quarter worth approximately $29,000. Finally, Signaturefd LLC raised its stake in shares of Flutter Entertainment by 98.5% during the second quarter. Signaturefd LLC now owns 129 shares of the company's stock worth $37,000 after acquiring an additional 64 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FLUT shares. Hsbc Global Res upgraded shares of Flutter Entertainment to a "hold" rating in a report on Wednesday, June 18th. Sanford C. Bernstein reissued a "market perform" rating on shares of Flutter Entertainment in a research report on Friday, August 8th. BTIG Research decreased their target price on Flutter Entertainment from $357.00 to $324.00 and set a "buy" rating for the company in a research report on Thursday, October 2nd. Bank of America upped their price target on shares of Flutter Entertainment from $295.00 to $330.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Needham & Company LLC increased their price objective on shares of Flutter Entertainment from $340.00 to $355.00 and gave the company a "buy" rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $337.32.

Flutter Entertainment Trading Up 3.5%

Flutter Entertainment stock opened at $246.24 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. Flutter Entertainment PLC has a 52 week low of $196.88 and a 52 week high of $313.68. The company has a market capitalization of $43.36 billion, a price-to-earnings ratio of 121.30 and a beta of 1.91. The stock has a 50-day moving average price of $286.57 and a 200 day moving average price of $266.41.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $2.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.87. Flutter Entertainment had a return on equity of 12.15% and a net margin of 2.96%.The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $3.06 billion. The firm's revenue was up 16.0% compared to the same quarter last year. Flutter Entertainment has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Flutter Entertainment PLC will post 4.17 EPS for the current year.

Flutter Entertainment announced that its Board of Directors has initiated a share repurchase plan on Friday, August 8th that permits the company to repurchase $245.00 million in shares. This repurchase authorization permits the company to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider James Philip Bishop sold 1,904 shares of the company'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 transaction, the insider owned 4,712 shares of the company's stock, valued at $1,327,087.68. This represents a 28.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel Mark Taylor sold 15,283 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $284.80, for a total value of $4,352,598.40. Following the sale, the insider owned 16,589 shares in the company, valued at approximately $4,724,547.20. This trade represents a 47.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,396 shares of company stock worth $6,759,745. Company insiders own 0.09% of the company's stock.

About Flutter Entertainment

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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