Jeremy Peter Jackson Sells 4,326 Shares of Flutter Entertainment (NYSE:FLUT) Stock

Key Points

• CEO sale: Jeremy Peter Jackson sold 4,326 shares on March 11 at an average price of $108 for $467,208, cutting his stake by 10.52% to 36,788 shares (about $3.97M).
• Share buyback: The board approved a $250 million repurchase program on March 11, authorizing the company to buy back up to roughly 1.3% of outstanding shares.
• Earnings miss and stock context: Flutter reported Q4 EPS of $1.74 versus a $2.11 consensus and revenue of $4.74B (vs. $4.87B expected), while the stock trades near $108 with a 52‑week range of $99.96–$313.68.

Flutter Entertainment PLC (NYSE:FLUT - Get Free Report) CEO Jeremy Peter Jackson sold 4,326 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $108.00, for a total value of $467,208.00. Following the completion of the sale, the chief executive officer owned 36,788 shares in the company, valued at approximately $3,973,104. This trade represents a 10.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Flutter Entertainment Stock Performance

FLUT stock traded up $3.12 during midday trading on Friday, reaching $108.65. 236,053 shares of the company were exchanged, compared to its average volume of 4,293,213. Flutter Entertainment PLC has a one year low of $99.96 and a one year high of $313.68. The firm has a market capitalization of $19.05 billion, a price-to-earnings ratio of -60.35, a price-to-earnings-growth ratio of 0.75 and a beta of 2.30. The business has a 50-day moving average price of $154.69 and a two-hundred day moving average price of $212.34. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.95 and a quick ratio of 0.95.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.37). The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.87 billion. Flutter Entertainment had a negative net margin of 1.89% and a positive return on equity of 12.12%. Flutter Entertainment's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.94 earnings per share. Equities research analysts forecast that Flutter Entertainment PLC will post 4.17 EPS for the current year.

Flutter Entertainment declared that its Board of Directors has approved a share buyback plan on Wednesday, March 11th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

FLUT has been the subject of several recent research reports. Morgan Stanley reduced their price target on Flutter Entertainment from $352.00 to $315.00 and set an "overweight" rating for the company in a research note on Friday, December 12th. Benchmark decreased their price objective on shares of Flutter Entertainment from $285.00 to $175.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. Zacks Research downgraded Flutter Entertainment from a "hold" rating to a "strong sell" rating in a research note on Monday, January 19th. HSBC upgraded Flutter Entertainment from a "hold" rating to a "buy" rating and dropped their price target for the company from $265.00 to $228.00 in a research note on Monday, November 24th. Finally, Citigroup reiterated an "outperform" rating on shares of Flutter Entertainment in a research report on Monday, January 5th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $234.65.

Hedge Funds Weigh In On Flutter Entertainment

Several institutional investors have recently made changes to their positions in FLUT. JFS Wealth Advisors LLC acquired a new position in Flutter Entertainment during the 3rd quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Flutter Entertainment by 219.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 115 shares of the company's stock worth $25,000 after purchasing an additional 79 shares during the last quarter. JCIC Asset Management Inc. purchased a new position in shares of Flutter Entertainment in the 3rd quarter worth approximately $32,000. Zions Bancorporation National Association UT grew its stake in Flutter Entertainment by 1,685.7% in the 4th quarter. Zions Bancorporation National Association UT now owns 125 shares of the company's stock valued at $27,000 after purchasing an additional 118 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new stake in Flutter Entertainment during the third quarter worth about $34,000.

About Flutter Entertainment

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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