Insider Selling: Flutter Entertainment (NYSE:FLUT) COO Sells $72,514.26 in Stock

Flutter Entertainment PLC (NYSE:FLUT) COO James Bishop sold 741 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 transaction of $72,514.26. Following the transaction, the chief operating officer owned 16,864 shares of the company’s stock, valued at approximately $1,650,311.04. This represents a 4.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flutter Entertainment Price Performance

Shares of Flutter Entertainment stock opened at $100.32 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. Flutter Entertainment PLC has a 12 month low of $89.71 and a 12 month high of $297.23. The stock has a 50 day moving average of $102.65 and a 200 day moving average of $104.73. The firm has a market cap of $17.41 billion, a PE ratio of -23.33, a PEG ratio of 2.54 and a beta of 1.26.

Flutter Entertainment (NYSE:FLUT) last posted its earnings results on Thursday, August 6th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.05). The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.24 billion. Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.95 earnings per share. On average, research analysts expect that Flutter Entertainment PLC will post 3.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Flutter Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of FLUT. Parvus Asset Management Jersey Ltd purchased a new position in Flutter Entertainment during the second quarter valued at approximately $1,552,097,267. Capital International Investors lifted its holdings in Flutter Entertainment by 146.8% during the fourth quarter. Capital International Investors now owns 8,039,066 shares of the company’s stock worth $1,728,772,000 after buying an additional 4,782,302 shares during the period. Cibc World Markets Corp purchased a new stake in Flutter Entertainment during the fourth quarter worth $1,678,841,000. Caledonia Private Investments Pty Ltd boosted its position in Flutter Entertainment by 3.8% during the 4th quarter. Caledonia Private Investments Pty Ltd now owns 7,191,861 shares of the company’s stock valued at $1,546,538,000 after acquiring an additional 264,856 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in Flutter Entertainment by 33,988.7% during the 1st quarter. Hsbc Holdings PLC now owns 5,605,543 shares of the company’s stock valued at $575,185,000 after acquiring an additional 5,589,099 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently commented on FLUT shares. BNP Paribas Exane started coverage on shares of Flutter Entertainment in a research report on Thursday, May 14th. They set an “underperform” rating and a $80.00 target price on the stock. Benchmark reduced their price objective on Flutter Entertainment from $132.00 to $113.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Freedom Capital raised Flutter Entertainment to a “hold” rating in a research report on Monday, June 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Flutter Entertainment in a report on Monday, August 24th. Finally, JPMorgan Chase & Co. started coverage on Flutter Entertainment in a research report on Wednesday, August 12th. They set a “neutral” rating and a $114.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $156.88.

Flutter Entertainment News Summary

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Wolfe Research initiated coverage with an “outperform” rating and a $150 price target. The target implies significant upside from recent trading levels and provides a fresh bullish catalyst for FLUT, reinforcing the view that Flutter’s digital brands and U.S. operations can drive future growth. Wolfe Research initiates coverage of Flutter Entertainment
• Neutral Sentiment: Several senior executives sold shares to cover tax withholding obligations tied to vested equity awards. The CFO, COO and CEOs Jeremy Jackson and Daniel Taylor, along with insider Don Liu, sold a combined roughly $447,000 of stock. Because the sales were not described as discretionary, they are less concerning as a confidence signal, although the cluster of transactions may attract investor attention. Flutter Entertainment insider share sale
• Negative Sentiment: Flutter is reviewing up to 100 Paddy Power betting shops for possible closure, potentially affecting about 400 jobs. The review reflects pressure from higher UK gambling taxes and broader economic uncertainty. Closures could reduce Flutter’s retail footprint and lead to restructuring costs, while highlighting weaker profitability in its UK shops. Paddy Power puts betting shops under closure review

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.