Flutter Entertainment plc (NYSE:FLUT) CEO Amy Howe Sells 2,315 Shares

Flutter Entertainment plc (NYSE:FLUT - Get Free Report) CEO Amy Howe sold 2,315 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $243.50, for a total value of $563,702.50. Following the sale, the chief executive officer now directly owns 73,947 shares of the company's stock, valued at $18,006,094.50. This represents a 3.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Amy Howe also recently made the following trade(s):

• On Thursday, March 6th, Amy Howe sold 11,814 shares of Flutter Entertainment stock. The shares were sold at an average price of $260.50, for a total value of $3,077,547.00.

Flutter Entertainment Price Performance

Flutter Entertainment stock traded up $5.13 during midday trading on Friday, reaching $249.23. 1,501,755 shares of the stock traded hands, compared to its average volume of 1,864,910. The stock's fifty day moving average is $233.60 and its 200-day moving average is $253.91. Flutter Entertainment plc has a 12 month low of $174.03 and a 12 month high of $299.73. The stock has a market cap of $44.04 billion and a P/E ratio of 86.24. 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 (NYSE:FLUT - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the previous year, the company posted $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 anticipate that Flutter Entertainment plc will post 4.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FLUT. BTIG Research cut their price target on Flutter Entertainment from $323.00 to $289.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Truist Financial dropped their price objective on Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Peel Hunt raised Flutter Entertainment from a "hold" rating to an "add" rating in a research note on Monday, March 10th. JMP Securities dropped their price objective on Flutter Entertainment from $328.00 to $317.00 and set a "market outperform" rating for the company in a research note on Monday, April 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $310.00 price objective on shares of Flutter Entertainment in a research note on Thursday, May 8th. Twenty research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $306.28.

Hedge Funds Weigh In On Flutter Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in shares of Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock valued at $25,000 after purchasing an additional 82 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Flutter Entertainment in the 4th quarter valued at approximately $25,000. BOCHK Asset Management Ltd bought a new stake in shares of Flutter Entertainment in the 4th quarter valued at approximately $26,000. Raleigh Capital Management Inc. bought a new stake in shares of Flutter Entertainment in the 4th quarter valued at approximately $26,000. Finally, IFP Advisors Inc lifted its stake in shares of Flutter Entertainment by 244.1% in the 4th quarter. IFP Advisors Inc now owns 117 shares of the company's stock valued at $31,000 after purchasing an additional 83 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.