Flutter Entertainment plc (NYSE:FLUT) Director Christine M. Mccarthy Sells 264 Shares

Flutter Entertainment plc (NYSE:FLUT - Get Free Report) Director Christine M. Mccarthy sold 264 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $244.12, for a total transaction of $64,447.68. Following the sale, the director now owns 559 shares in the company, valued at approximately $136,463.08. The trade was a 32.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Flutter Entertainment Stock Performance

Shares of FLUT opened at $242.67 on Friday. The business has a 50-day simple moving average of $236.36 and a two-hundred day simple moving average of $253.95. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a 52 week low of $174.03 and a 52 week high of $299.73. The stock has a market cap of $42.88 billion and a price-to-earnings ratio of 83.97.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.59 EPS for the quarter, missing analysts' consensus estimates of $1.89 by ($0.30). The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.06 billion. Flutter Entertainment had a negative net margin of 6.86% and a negative return on equity of 4.52%. Flutter Entertainment's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. On average, analysts expect that Flutter Entertainment plc will post 4.17 EPS for the current year.

Analysts Set New Price Targets

FLUT has been the subject of a number of research analyst reports. Benchmark reissued a "buy" rating and issued a $300.00 target price on shares of Flutter Entertainment in a report on Monday, April 21st. Truist Financial decreased their target price on Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company lifted their price target on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Citigroup restated an "outperform" rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Finally, Citizens Jmp decreased their target price on shares of Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $303.79.

Institutional Investors Weigh In On Flutter Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in FLUT. abrdn plc lifted its stake in Flutter Entertainment by 6,491.2% in the fourth quarter. abrdn plc now owns 62,221 shares of the company's stock worth $16,056,000 after purchasing an additional 61,277 shares during the last quarter. Yousif Capital Management LLC grew its position in Flutter Entertainment by 7.5% in the 4th quarter. Yousif Capital Management LLC now owns 3,530 shares of the company's stock valued at $912,000 after acquiring an additional 245 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Flutter Entertainment in the 4th quarter valued at $216,000. Sumitomo Mitsui Trust Group Inc. increased its stake in Flutter Entertainment by 3.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 344,815 shares of the company's stock worth $89,117,000 after purchasing an additional 10,664 shares during the period. Finally, Seelaus Asset Management LLC lifted its position in shares of Flutter Entertainment by 6.4% during the fourth quarter. Seelaus Asset Management LLC now owns 914 shares of the company's stock worth $236,000 after purchasing an additional 55 shares during the last quarter.

Flutter Entertainment Company Profile

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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