Flutter Entertainment (NYSE:FLUT) COO James Philip Bishop Sells 13,125 Shares of Company Stock

Flutter Entertainment PLC (NYSE:FLUT) COO James Bishop sold 13,125 shares of the company’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $82.12, for a total value of $1,077,825.00. Following the sale, the chief operating officer owned 16,449 shares of the company’s stock, valued at approximately $1,350,791.88. This trade represents a 44.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

James Philip Bishop also recently made the following trade(s):

• On Tuesday, September 1st, James Bishop sold 741 shares of Flutter Entertainment stock. The shares were sold at an average price of $97.86, for a total value of $72,514.26.

Flutter Entertainment Stock Down 3.9%

Shares of FLUT stock opened at $82.16 on Friday. The stock’s 50 day simple moving average is $84.07 and its 200 day simple moving average is $102.98. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.91 and a current ratio of 0.91. Flutter Entertainment PLC has a twelve month low of $72.56 and a twelve month high of $229.86. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of 41.10 and a beta of 1.27.

Flutter Entertainment (NYSE:FLUT) last announced its earnings results on Wednesday, November 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.50). Flutter Entertainment had a positive return on equity of 4.38% and a negative net margin of 5.37%. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the previous year, the company earned $1.64 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, research analysts predict that Flutter Entertainment PLC will post 3.05 EPS for the current year.

Institutional Investors Weigh In On Flutter Entertainment

Several hedge funds have recently modified their holdings of the business. Gabelli Funds LLC increased its position in Flutter Entertainment by 44.3% during the third quarter. Gabelli Funds LLC now owns 19,626 shares of the company’s stock worth $1,463,000 after acquiring an additional 6,026 shares during the period. WGI DM LLC raised its stake in Flutter Entertainment by 102.2% during the 3rd quarter. WGI DM LLC now owns 961,047 shares of the company’s stock valued at $71,636,000 after purchasing an additional 485,678 shares during the last quarter. Voya Investment Management LLC raised its stake in Flutter Entertainment by 6.2% during the 3rd quarter. Voya Investment Management LLC now owns 11,505 shares of the company’s stock valued at $858,000 after purchasing an additional 668 shares during the last quarter. Bessemer Group Inc. raised its stake in Flutter Entertainment by 228.7% during the 3rd quarter. Bessemer Group Inc. now owns 1,433 shares of the company’s stock valued at $108,000 after purchasing an additional 997 shares during the last quarter. Finally, Ground Swell Capital LLC bought a new stake in Flutter Entertainment in the 3rd quarter valued at $250,000.

Analysts Set New Price Targets

FLUT has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Flutter Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, November 7th. Needham & Company LLC cut their target price on shares of Flutter Entertainment from $135.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Susquehanna upped their price target on shares of Flutter Entertainment from $100.00 to $101.00 and gave the company a “positive” rating in a report on Thursday, November 5th. Stifel Nicolaus set a $124.00 price target on Flutter Entertainment in a research report on Wednesday, November 4th. Finally, Sanford C. Bernstein dropped their price objective on Flutter Entertainment from $110.00 to $100.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Flutter Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of $129.75.

About Flutter Entertainment

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.