Insider Selling: Flutter Entertainment (NYSE:FLUT) CEO Sells $942,069.45 in Stock

Flutter Entertainment PLC (NYSE:FLUT) CEO Amy Howe sold 8,895 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $105.91, for a total transaction of $942,069.45. Following the sale, the chief executive officer owned 78,889 shares in the company, valued at $8,355,133.99. This trade represents a 10.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Flutter Entertainment Trading Up 2.6%

NYSE FLUT opened at $108.26 on Monday. The firm has a 50 day simple moving average of $152.49 and a 200-day simple moving average of $209.71. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.95 and a current ratio of 0.95. Flutter Entertainment PLC has a one year low of $99.96 and a one year high of $313.68. The firm has a market cap of $18.98 billion, a price-to-earnings ratio of -60.14, a PEG ratio of 0.74 and a beta of 2.32.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings data on Thursday, February 26th. The company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.37). Flutter Entertainment had a negative net margin of 1.89% and a positive return on equity of 12.12%. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.87 billion. During the same quarter last year, the firm posted $2.94 EPS. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. Equities research analysts anticipate that Flutter Entertainment PLC will post 4.17 EPS for the current fiscal year.

Flutter Entertainment declared that its Board of Directors has approved a stock buyback plan on Wednesday, March 11th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Flutter Entertainment

Institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Flutter Entertainment by 5.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock valued at $290,000 after buying an additional 69 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Flutter Entertainment during the 2nd quarter worth about $405,000. Savant Capital LLC acquired a new position in shares of Flutter Entertainment during the 2nd quarter worth about $909,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Flutter Entertainment during the 2nd quarter worth about $848,000. Finally, Allworth Financial LP increased its holdings in shares of Flutter Entertainment by 116.4% in the 2nd quarter. Allworth Financial LP now owns 145 shares of the company’s stock valued at $41,000 after acquiring an additional 78 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. BTIG Research reduced their price objective on Flutter Entertainment from $230.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Wells Fargo & Company reissued an “equal weight” rating and set a $228.00 target price (down from $248.00) on shares of Flutter Entertainment in a research note on Wednesday, January 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Flutter Entertainment in a report on Monday, December 29th. Canaccord Genuity Group reduced their price target on Flutter Entertainment from $270.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Finally, Truist Financial decreased their price objective on Flutter Entertainment from $260.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $234.65.

Key Headlines Impacting Flutter Entertainment

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

• Positive Sentiment: Board authorizes buyback — The Board approved a $250 million share repurchase program (up to ~1.3% of shares), which reduces float and signals management thinks shares are undervalued; buybacks often support near-term stock demand. Flutter Entertainment (NYSE:FLUT) Announces Stock Buyback Program
• Positive Sentiment: Prediction markets & product investment — Management is expanding FanDuel Predicts and treating prediction markets as incremental TAM; company plans material investment to scale the product ahead of major sports seasons, which could drive revenue growth and engagement. 3 Stocks Betting Big on Prediction Markets This March Madness
• Positive Sentiment: Analyst/market write-ups lift valuation narrative — Recent commentary argues FLUT’s valuation has improved on updates and investor focus on scale/EBITDA could support multiple expansion if growth re-accelerates. Flutter Entertainment (NYSE:FLUT) Valuation Climbs Higher Following Latest Market Update
• Neutral Sentiment: Long-term opportunity debate — Commentary examines whether the recent multi-quarter share price decline creates a buy-the-dip chance; useful for investors weighing fundamentals vs. macro/sector headwinds. Has Flutter Entertainment (NYSE:FLUT) Share Price Slump Created A Long Term Opportunity?
• Neutral Sentiment: Director RSUs granted — The company issued restricted stock units to an independent director (standard governance/compensation action); modest dilution/expense but routine. Flutter grants RSUs to independent director Stefan Bomhard
• Negative Sentiment: Institutional trimming — Los Angeles-based Capital Group reduced its holding, a high-profile institutional seller that can pressure sentiment and indicate waning confidence from a major shareholder. Los Angeles fund Capital Group reduces Flutter Entertainment holding
• Negative Sentiment: Executive insider selling — Multiple senior executives disclosed large stock sales (CEO(s) and CFO reduced positions last week), which markets often view negatively even if sales are for diversification/liquidity. SEC Filing — Amy Howe Form 4

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.