Holly K. Koeppel Sells 267 Shares of Flutter Entertainment plc (NYSE:FLUT) Stock

Flutter Entertainment plc (NYSE:FLUT - Get Free Report) Director Holly K. Koeppel sold 267 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $245.36, for a total value of $65,511.12. Following the completion of the transaction, the director now directly owns 2,556 shares of the company's stock, valued at $627,140.16. This represents a 9.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Flutter Entertainment Stock Performance

Shares of FLUT opened at $242.67 on Friday. The company has a market capitalization of $42.88 billion and a PE ratio of 83.97. The company's 50 day moving average price is $236.36 and its 200 day moving average price is $253.95. 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.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period in the previous year, the firm posted $0.10 EPS. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts expect that Flutter Entertainment plc will post 4.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FLUT shares. Macquarie reissued an "outperform" rating and issued a $340.00 target price (up from $330.00) on shares of Flutter Entertainment in a research note on Thursday, May 8th. Truist Financial reduced their price objective on shares of Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Citizens Jmp decreased their price target on Flutter Entertainment from $328.00 to $317.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Citigroup reaffirmed an "outperform" rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $310.00 price objective on shares of Flutter Entertainment in a report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $303.79.

Institutional Trading of Flutter Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PARUS FINANCE UK Ltd boosted its stake in Flutter Entertainment by 1.5% in the 1st quarter. PARUS FINANCE UK Ltd now owns 3,350 shares of the company's stock valued at $742,000 after buying an additional 50 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Flutter Entertainment by 3.0% during the first quarter. Sequoia Financial Advisors LLC now owns 1,836 shares of the company's stock worth $407,000 after buying an additional 53 shares in the last quarter. Seelaus Asset Management LLC increased its holdings 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 buying an additional 55 shares in the last quarter. Harbor Investment Advisory LLC raised its stake in shares of Flutter Entertainment by 43.8% in the first quarter. Harbor Investment Advisory LLC now owns 184 shares of the company's stock valued at $41,000 after acquiring an additional 56 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Flutter Entertainment by 78.9% in the 1st quarter. Parallel Advisors LLC now owns 136 shares of the company's stock worth $30,000 after acquiring an additional 60 shares in 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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