Flutter Entertainment plc (NYSE:FLUT) Director Nancy Cruickshank Sells 281 Shares

Flutter Entertainment plc (NYSE:FLUT - Get Free Report) Director Nancy Cruickshank sold 281 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $245.71, for a total transaction of $69,044.51. Following the transaction, the director now owns 1,797 shares in the company, valued at approximately $441,540.87. This represents a 13.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Flutter Entertainment Trading Down 0.6%

Shares of Flutter Entertainment stock opened at $242.67 on Friday. The firm has a fifty day moving average price of $236.36 and a 200 day moving average price of $253.95. The stock has a market cap of $42.88 billion and a PE ratio of 83.97. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FLUT shares. Citigroup restated an "outperform" rating on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Macquarie reissued an "outperform" rating and set a $340.00 price target (up from $330.00) on shares of Flutter Entertainment in a research report on Thursday, May 8th. Peel Hunt upgraded Flutter Entertainment from a "hold" rating to an "add" rating in a report on Monday, March 10th. Truist Financial reduced their target price on Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Susquehanna decreased their price target on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $303.79.

Institutional Trading of Flutter Entertainment

Hedge funds have recently added to or reduced their stakes in the company. abrdn plc boosted its stake in shares of Flutter Entertainment by 6,491.2% during the 4th quarter. abrdn plc now owns 62,221 shares of the company's stock worth $16,056,000 after acquiring an additional 61,277 shares in the last quarter. Yousif Capital Management LLC raised its holdings in Flutter Entertainment by 7.5% in the 4th quarter. Yousif Capital Management LLC now owns 3,530 shares of the company's stock worth $912,000 after purchasing an additional 245 shares during the period. Stratos Wealth Partners LTD. acquired a new position in Flutter Entertainment in the 4th quarter worth about $216,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in Flutter Entertainment by 3.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 344,815 shares of the company's stock worth $89,117,000 after acquiring an additional 10,664 shares in the last quarter. Finally, Seelaus Asset Management LLC raised its position in 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 acquiring an additional 55 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.