Sequoia Financial Advisors LLC grew its stake in Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 70.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,125 shares of the company's stock after purchasing an additional 1,289 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Flutter Entertainment were worth $893,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of FLUT. SVB Wealth LLC bought a new stake in Flutter Entertainment during the first quarter worth $27,000. ORG Partners LLC lifted its holdings in Flutter Entertainment by 300.0% during the second quarter. ORG Partners LLC now owns 100 shares of the company's stock worth $28,000 after acquiring an additional 75 shares during the period. Barrett & Company Inc. bought a new stake in Flutter Entertainment during the second quarter worth $29,000. Signaturefd LLC lifted its holdings in 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 during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Flutter Entertainment by 90.6% during the first quarter. Farther Finance Advisors LLC now owns 183 shares of the company's stock worth $41,000 after acquiring an additional 87 shares during the period.
Insider Buying and Selling
In other news, insider Daniel Mark Taylor sold 15,283 shares of Flutter Entertainment stock in a transaction on 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 completion of the transaction, the insider directly owned 16,589 shares in the company, valued at approximately $4,724,547.20. The trade was a 47.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amy Howe sold 4,097 shares of Flutter Entertainment stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $305.91, for a total value of $1,253,313.27. Following the completion of the transaction, the chief executive officer owned 69,850 shares of the company's stock, valued at approximately $21,367,813.50. This trade represents a 5.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,396 shares of company stock valued at $6,759,745 in the last ninety days. 0.09% of the stock is owned by company insiders.
Flutter Entertainment Stock Performance
Shares of FLUT opened at $251.97 on Friday. The firm has a market cap of $44.37 billion, a PE ratio of 124.12 and a beta of 1.91. The stock's fifty day moving average price is $279.33 and its two-hundred day moving average price is $267.43. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.95. Flutter Entertainment PLC has a 1 year low of $196.88 and a 1 year high of $313.68.
Flutter Entertainment (NYSE:FLUT - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.87. The firm 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 firm's revenue was up 16.0% on a year-over-year basis. Flutter Entertainment has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Flutter Entertainment PLC will post 4.17 EPS for the current year.
Flutter Entertainment declared that its board has approved a stock buyback program on Friday, August 8th that allows the company to buyback $245.00 million in shares. This buyback authorization allows the company to purchase up to 0.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of analysts recently commented on FLUT shares. BTIG Research dropped their price target on Flutter Entertainment from $357.00 to $324.00 and set a "buy" rating on the stock in a report on Thursday, October 2nd. Zacks Research upgraded Flutter Entertainment from a "strong sell" rating to a "hold" rating in a report on Friday, August 15th. Oppenheimer dropped their price target on Flutter Entertainment from $350.00 to $330.00 and set an "outperform" rating on the stock in a report on Tuesday. Truist Financial boosted their target price on Flutter Entertainment from $280.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Kepler Capital Markets upgraded Flutter Entertainment to a "strong-buy" rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $336.26.
Read Our Latest Stock Analysis on FLUT
Flutter Entertainment Company Profile
(
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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