Flutter Entertainment PLC (NYSE:FLUT - Get Free Report) CEO Jeremy Peter Jackson sold 1,762 shares of the company's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $172,429.32. Following the transaction, the chief executive officer directly owned 70,452 shares in the company, valued at $6,894,432.72. This represents a 2.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Jeremy Peter Jackson also recently made the following trade(s):
- On Wednesday, August 19th, Jeremy Peter Jackson sold 2,112 shares of Flutter Entertainment stock. The stock was sold at an average price of $93.32, for a total value of $197,091.84.
Flutter Entertainment Price Performance
Shares of NYSE FLUT traded down $0.05 during trading on Thursday, hitting $101.93. 673,628 shares of the company were exchanged, compared to its average volume of 3,350,201. The company has a market cap of $17.69 billion, a price-to-earnings ratio of -23.68, a PEG ratio of 2.46 and a beta of 1.26. Flutter Entertainment PLC has a 1 year low of $89.71 and a 1 year high of $297.23. The firm's fifty day moving average price is $102.61 and its 200 day moving average price is $104.92. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.89 and a quick ratio of 0.89.
Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.05). Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The company had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.24 billion. During the same quarter in the prior year, the business earned $2.95 EPS. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. On average, sell-side analysts expect that Flutter Entertainment PLC will post 3.48 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on FLUT shares. Sanford C. Bernstein reiterated a "market perform" rating on shares of Flutter Entertainment in a research report on Thursday. Citigroup reaffirmed an "outperform" rating on shares of Flutter Entertainment in a research note on Wednesday, July 8th. BNP Paribas Exane began coverage on Flutter Entertainment in a report on Thursday, May 14th. They set an "underperform" rating and a $80.00 price objective for the company. Freedom Capital upgraded Flutter Entertainment to a "hold" rating in a research report on Monday, June 22nd. Finally, JPMorgan Chase & Co. initiated coverage on Flutter Entertainment in a research report on Wednesday, August 12th. They set a "neutral" rating and a $114.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Flutter Entertainment has an average rating of "Moderate Buy" and a consensus price target of $156.88.
Read Our Latest Report on FLUT
Institutional Trading of Flutter Entertainment
Large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Flutter Entertainment by 5.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company's stock worth $290,000 after buying an additional 69 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Flutter Entertainment during the second quarter worth approximately $405,000. Creative Planning purchased a new stake in Flutter Entertainment in the 2nd quarter worth approximately $296,000. Northwestern Mutual Wealth Management Co. grew its stake in Flutter Entertainment by 246.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company's stock worth $53,000 after acquiring an additional 133 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Flutter Entertainment by 74.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company's stock valued at $71,000 after acquiring an additional 106 shares during the last quarter.
About Flutter Entertainment
(
Get Free Report)
Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company's primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.
Flutter's brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.
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