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

Flutter Entertainment PLC (NYSE:FLUT – Get Free Report) CEO Daniel Taylor sold 3,727 shares of the company’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $82.34, for a total value of $306,881.18. Following the completion of the sale, the chief executive officer owned 56,642 shares in the company, valued at $4,663,902.28. This trade represents a 6.17% decrease in their position. 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 shares were sold at an average price of $97.86, for a total value of $77,407.26.

Flutter Entertainment Price Performance

Shares of FLUT opened at $81.53 on Monday. Flutter Entertainment PLC has a 1 year low of $72.56 and a 1 year high of $235.77. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $14.18 billion, a price-to-earnings ratio of -15.41 and a beta of 1.27. The business has a 50-day moving average of $85.47 and a 200-day moving average of $104.88.

Flutter Entertainment (NYSE:FLUT – Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.50). The company had revenue of $3.87 billion during 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 business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.64 earnings per share. As a group, equities research analysts anticipate that Flutter Entertainment PLC will post 3.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FLUT. BTIG Research lifted their target price on shares of Flutter Entertainment from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, November 4th. Zacks Research cut shares of Flutter Entertainment from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. decreased their price target on Flutter Entertainment from $114.00 to $110.00 and set a “neutral” rating for the company in a report on Tuesday, October 20th. Stifel Nicolaus set a $124.00 price objective on Flutter Entertainment in a research report on Wednesday. Finally, Wells Fargo & Company dropped 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. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.07.

Get Our Latest Stock Report on Flutter Entertainment

Flutter Entertainment News Summary

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its stake in Flutter Entertainment by 489.7% during the 1st quarter. Parallel Advisors LLC now owns 460 shares of the company’s stock valued at $47,000 after acquiring an additional 382 shares in the last quarter. CX Institutional boosted its holdings in Flutter Entertainment by 729.7% during the 2nd quarter. CX Institutional now owns 531 shares of the company’s stock worth $54,000 after acquiring an additional 467 shares during the last quarter. Allworth Financial LP grew its stake in shares of Flutter Entertainment by 167.8% in the 2nd quarter. Allworth Financial LP now owns 557 shares of the company’s stock worth $57,000 after acquiring an additional 349 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Flutter Entertainment by 65.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 630 shares of the company’s stock worth $67,000 after acquiring an additional 250 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Flutter Entertainment in the 2nd quarter worth $119,000.

About Flutter Entertainment

(Get Free Report)

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.

Flutter was formed in 2016 through the merger of Paddy Power and Betfair and adopted the Flutter Entertainment name in 2019.

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Insider Buying and Selling by Quarter for Flutter Entertainment (NYSE:FLUT)

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