Flutter Entertainment (NYSE:FLUT) COO James Philip Bishop Sells 741 Shares

Flutter Entertainment PLC (NYSE:FLUT) COO James Bishop sold 741 shares of the firm’s stock in a transaction that occurred 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. The trade was a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flutter Entertainment Trading Up 0.3%

NYSE:FLUT opened at $102.26 on Friday. The firm’s fifty day moving average is $102.73 and its 200-day moving average is $104.76. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.89. Flutter Entertainment PLC has a 52 week low of $89.71 and a 52 week high of $297.23. The firm has a market cap of $17.75 billion, a P/E ratio of -23.78, a P/E/G ratio of 2.58 and a beta of 1.26.

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

Key Stories Impacting Flutter Entertainment

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, suggesting substantial upside from recent trading levels near $102. The new bullish coverage appears to be the main catalyst supporting FLUT shares. Wolfe Research initiates coverage of Flutter Entertainment
• Positive Sentiment: Flutter’s broader analyst outlook remains favorable. MarketBeat data shows a “Moderate Buy” consensus rating and an average price target of $156.88, reflecting investor expectations for continued growth, particularly from brands such as FanDuel. Flutter Entertainment shares rise after Wolfe coverage
• Neutral Sentiment: Five senior insiders, including the CFO, COO and CEOs Jeremy Jackson and Daniel Taylor, sold a combined approximately $447,000 of stock. Because each filing stated that the shares were sold to cover tax withholding on vested equity awards, the transactions are less concerning than discretionary insider selling, though they may attract some investor attention. Flutter Entertainment insider transaction filing
• Negative Sentiment: Flutter is reviewing its Paddy Power retail-store network amid higher UK gambling taxes and economic uncertainty. Reports suggest the company could close up to 100 shops, signaling pressure on UK retail profitability and potentially adding restructuring costs. Flutter considers Paddy Power shop closures

Analysts Set New Price Targets

Several research firms have recently weighed in on FLUT. Needham & Company LLC lowered their price objective on Flutter Entertainment from $135.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Benchmark cut their target price on Flutter Entertainment from $132.00 to $113.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. New Street Research set a $110.00 target price on Flutter Entertainment in a research report on Thursday. Deutsche Bank Aktiengesellschaft set a $148.00 target price on Flutter Entertainment in a research note on Thursday, August 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $180.00 target price on shares of Flutter Entertainment in a report on Sunday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Flutter Entertainment has a consensus rating of “Moderate Buy” and an average price target of $156.88.

Institutional Investors Weigh In On Flutter Entertainment

A number of large investors have recently bought and sold shares of the stock. Zions Bancorporation National Association UT increased its stake in Flutter Entertainment by 1,685.7% in the fourth 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 in the last quarter. EFG International AG bought a new position in shares of Flutter Entertainment during the 4th quarter worth about $36,000. IFP Advisors Inc boosted its position in shares of Flutter Entertainment by 93.8% during the 4th quarter. IFP Advisors Inc now owns 186 shares of the company’s stock worth $40,000 after purchasing an additional 90 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in shares of Flutter Entertainment by 83.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock valued at $42,000 after buying an additional 75 shares during the period. Finally, LM Advisors LLC acquired a new stake in shares of Flutter Entertainment in the 4th quarter valued at about $46,000.

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.