Flutter Entertainment (NYSE:FLUT) Stock: Insider Daniel Mark Taylor Sells 3,727 Shares

Flutter Entertainment PLC (NYSE:FLUT) CEO Daniel Taylor sold 3,727 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $82.34, for a total value of $306,881.18. Following the transaction, the chief executive officer owned 56,642 shares of the company’s stock, valued at approximately $4,663,902.28. This trade represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Daniel Mark Taylor also recently made the following trade(s):

• On Tuesday, September 1st, Daniel Taylor sold 791 shares of Flutter Entertainment stock. The stock was sold at an average price of $97.86, for a total transaction of $77,407.26.

Flutter Entertainment Stock Up 0.5%

Shares of NYSE:FLUT opened at $82.39 on Wednesday. The firm has a market cap of $14.33 billion, a PE ratio of 39.42 and a beta of 1.27. The company has a fifty day simple moving average of $84.72 and a 200 day simple moving average of $103.89. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.49. Flutter Entertainment PLC has a 12-month low of $72.56 and a 12-month high of $235.77.

Flutter Entertainment (NYSE:FLUT) last posted its quarterly earnings data on Wednesday, November 4th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.50). The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.99 billion. Flutter Entertainment had a negative net margin of 5.37% and a positive return on equity of 4.38%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.64 earnings per share. On average, equities research analysts anticipate that Flutter Entertainment PLC will post 3.05 EPS for the current fiscal year.

Institutional Trading of Flutter Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of FLUT. WGI DM LLC grew its position in shares of Flutter Entertainment by 102.2% during the 3rd quarter. WGI DM LLC now owns 961,047 shares of the company’s stock valued at $71,636,000 after buying an additional 485,678 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Flutter Entertainment by 6.2% in the third quarter. Voya Investment Management LLC now owns 11,505 shares of the company’s stock worth $858,000 after acquiring an additional 668 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Flutter Entertainment by 228.7% in the third quarter. Bessemer Group Inc. now owns 1,433 shares of the company’s stock worth $108,000 after acquiring an additional 997 shares during the last quarter. Ground Swell Capital LLC bought a new position in Flutter Entertainment in the third quarter worth about $250,000. Finally, Danske Bank A S boosted its stake in Flutter Entertainment by 96.2% in the third quarter. Danske Bank A S now owns 141,323 shares of the company’s stock valued at $10,534,000 after acquiring an additional 69,300 shares during the period.

Analyst Ratings Changes

FLUT has been the topic of several research analyst reports. Citizens Jmp reduced their price target on shares of Flutter Entertainment from $129.00 to $116.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 5th. Cfra lowered Flutter Entertainment from a “buy” rating to a “hold” rating and set a $94.00 price objective for the company. in a report on Tuesday. Wall Street Zen raised Flutter Entertainment from a “sell” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company cut their price objective on Flutter Entertainment from $112.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 5th. Finally, Needham & Company LLC reduced their target price on Flutter Entertainment from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.75.

About Flutter Entertainment

Flutter Entertainment is a global sports betting and gaming company that provides online and retail wagering, casino gaming and poker services. Its brands include FanDuel in the United States, Paddy Power and Betfair in the United Kingdom and Ireland, Sportsbet in Australia, and PokerStars in international markets. The company serves customers across the United States, the United Kingdom and Ireland, Australia, and other international markets. Its offerings include online sports betting, iGaming products such as casino games, poker platforms, and, in some markets, betting shops.