Insider Selling: Flutter Entertainment (NYSE:FLUT) CFO Sells $69,480.60 in Stock

Flutter Entertainment PLC (NYSE:FLUT) CFO Robert Coldrake sold 710 shares of Flutter Entertainment 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 $69,480.60. Following the completion of the sale, the chief financial officer directly owned 22,778 shares of the company’s stock, valued at $2,229,055.08. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 Trading Down 2.0%

Shares of Flutter Entertainment stock opened at $100.32 on Friday. Flutter Entertainment PLC has a fifty-two week low of $89.71 and a fifty-two week high of $297.23. The firm has a market cap of $17.41 billion, a PE ratio of -23.33, a P/E/G ratio of 2.54 and a beta of 1.26. The business’s fifty day moving average is $102.65 and its two-hundred day moving average is $104.73. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.32.

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

Flutter Entertainment News Roundup

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

Institutional Trading of Flutter Entertainment

Institutional investors have recently modified their holdings of the company. Zions Bancorporation National Association UT increased its position in Flutter Entertainment by 1,685.7% during the 4th quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 118 shares in the last quarter. EFG International AG acquired a new position in Flutter Entertainment during the fourth quarter valued at approximately $36,000. IFP Advisors Inc lifted its position in Flutter Entertainment by 93.8% during the fourth quarter. IFP Advisors Inc now owns 186 shares of the company’s stock valued at $40,000 after buying an additional 90 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in Flutter Entertainment by 83.3% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock worth $42,000 after buying an additional 75 shares during the period. Finally, LM Advisors LLC purchased a new stake in Flutter Entertainment during the fourth quarter worth approximately $46,000.

Analyst Ratings Changes

Several analysts have commented on FLUT shares. Truist Financial lowered their price target on Flutter Entertainment from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $148.00 price objective on shares of Flutter Entertainment in a report on Thursday, August 6th. Zacks Research downgraded shares of Flutter Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Wolfe Research began coverage on shares of Flutter Entertainment in a research report on Wednesday. They set an “outperform” rating and a $150.00 price target for the company. Finally, Wall Street Zen cut shares of Flutter Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Two investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.88.

Flutter Entertainment Company Profile

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.