Flutter Entertainment plc (NYSE:FLUT) Director Nancy Dubuc Sells 265 Shares

Flutter Entertainment plc (NYSE:FLUT - Get Free Report) Director Nancy Dubuc sold 265 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $244.96, for a total transaction of $64,914.40. Following the transaction, the director now directly owns 558 shares in the company, valued at $136,687.68. The trade was a 32.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Flutter Entertainment Stock Down 0.6%

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

Flutter Entertainment (NYSE:FLUT - Get Free Report) last released 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). Flutter Entertainment had a negative net margin of 6.86% and a negative return on equity of 4.52%. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter last year, the firm earned $0.10 earnings per share. Flutter Entertainment's quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts expect that Flutter Entertainment plc will post 4.17 earnings per share for the current fiscal year.

Institutional Trading of Flutter Entertainment

Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after buying an additional 82 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Flutter Entertainment during the fourth quarter valued at approximately $25,000. IFP Advisors Inc increased its holdings in shares of Flutter Entertainment by 244.1% in the fourth quarter. IFP Advisors Inc now owns 117 shares of the company's stock valued at $31,000 after purchasing an additional 83 shares in the last quarter. GPS Wealth Strategies Group LLC raised 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. Finally, SVB Wealth LLC bought a new position in Flutter Entertainment in the 1st quarter worth approximately $27,000.

Analysts Set New Price Targets

Several analysts recently weighed in on FLUT shares. Susquehanna decreased their target price 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. Stifel Nicolaus cut their price target on Flutter Entertainment from $320.00 to $315.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Macquarie restated an "outperform" rating and issued a $340.00 price objective (up previously from $330.00) on shares of Flutter Entertainment in a research note on Thursday, May 8th. Citigroup reaffirmed an "outperform" rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Finally, Peel Hunt upgraded shares of Flutter Entertainment from a "hold" rating to an "add" rating in a research note on Monday, March 10th. One research analyst has rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $303.79.

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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