Flutter Entertainment plc (NYSE:FLUT) COO James Philip Bishop Sells 3,000 Shares

Flutter Entertainment plc (NYSE:FLUT - Get Free Report) COO James Philip Bishop sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $243.20, for a total value of $729,600.00. Following the completion of the transaction, the chief operating officer now owns 4,712 shares of the company's stock, valued at approximately $1,145,958.40. The trade was a 38.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Flutter Entertainment Stock Up 2.1%

Shares of FLUT stock traded up $5.13 during mid-day trading on Friday, hitting $249.23. The company's stock had a trading volume of 1,501,755 shares, compared to its average volume of 1,864,910. Flutter Entertainment plc has a 52-week low of $174.03 and a 52-week high of $299.73. The business has a 50-day moving average price of $233.60 and a 200 day moving average price of $253.91. 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 stock has a market cap of $44.04 billion and a price-to-earnings ratio of 86.24.

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

Institutional Trading of Flutter Entertainment

Several large investors have recently modified their holdings of the company. Harbor Investment Advisory LLC grew its holdings in shares of Flutter Entertainment by 64.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company's stock worth $33,000 after acquiring an additional 50 shares during the period. UMB Bank n.a. grew its holdings in shares of Flutter Entertainment by 58.8% in the fourth quarter. UMB Bank n.a. now owns 135 shares of the company's stock worth $35,000 after acquiring an additional 50 shares during the period. PARUS FINANCE UK Ltd grew its holdings in shares of Flutter Entertainment by 1.5% in the first quarter. PARUS FINANCE UK Ltd now owns 3,350 shares of the company's stock worth $742,000 after acquiring an additional 50 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Flutter Entertainment by 3.0% in the first quarter. Sequoia Financial Advisors LLC now owns 1,836 shares of the company's stock worth $407,000 after acquiring an additional 53 shares during the period. Finally, Seelaus Asset Management LLC grew its holdings in shares of Flutter Entertainment by 6.4% in 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.

Wall Street Analysts Forecast Growth

FLUT has been the subject of a number of research analyst reports. Peel Hunt upgraded Flutter Entertainment from a "hold" rating to an "add" rating in a research note on Monday, March 10th. Macquarie reiterated an "outperform" rating and set a $340.00 price objective (up previously from $330.00) on shares of Flutter Entertainment in a research note on Thursday, May 8th. Citizens Jmp lowered their price objective 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. Needham & Company LLC reiterated a "buy" rating and set a $310.00 price objective on shares of Flutter Entertainment in a research note on Thursday, May 8th. Finally, Truist Financial lowered 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. Twenty analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $306.28.

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.