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

Flutter Entertainment plc (NYSE:FLUT) CEO Amy Howe sold 2,315 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $243.50, for a total transaction 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. The trade was a 3.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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 Stock Up 2.9%

Shares of Flutter Entertainment stock opened at $248.74 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73. The business’s fifty day moving average price is $233.26 and its two-hundred day moving average price is $253.78. The company has a market capitalization of $43.95 billion and a P/E ratio of 86.07.

Flutter Entertainment (NYSE:FLUT) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.30). The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.06 billion. Flutter Entertainment had a negative net margin of 6.86% and a negative return on equity of 4.52%. Flutter Entertainment’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 earnings per share. As a group, research analysts forecast that Flutter Entertainment plc will post 4.17 EPS for the current year.

Hedge Funds Weigh In On Flutter Entertainment

Large investors have recently bought and sold shares of the stock. Harbor Investment Advisory LLC lifted its stake in shares of Flutter Entertainment by 64.1% in the 4th 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. raised its holdings in Flutter Entertainment by 58.8% during the fourth quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter. PARUS FINANCE UK Ltd lifted its position in 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 purchasing an additional 50 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Flutter Entertainment by 3.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,836 shares of the company’s stock valued at $407,000 after purchasing an additional 53 shares in the last quarter. Finally, Seelaus Asset Management LLC boosted its stake in Flutter Entertainment by 6.4% during the 4th quarter. Seelaus Asset Management LLC now owns 914 shares of the company’s stock valued at $236,000 after purchasing an additional 55 shares in the last quarter.

Analyst Upgrades and Downgrades

FLUT has been the topic of a number of research reports. Wells Fargo & Company increased their target price on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Truist Financial lowered their price objective on shares of Flutter Entertainment from $330.00 to $280.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. UBS Group raised their target price on shares of Flutter Entertainment from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Needham & Company LLC restated a “buy” rating and issued a $310.00 target price on shares of Flutter Entertainment in a research note on Thursday, May 8th. Finally, Susquehanna dropped their price target on Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating on the stock in a research report on Wednesday, March 5th. Twenty investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price 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.