Flutter Entertainment (NYSE:FLUT) CFO Robert Coldrake Sells 991 Shares of Stock

Flutter Entertainment PLC (NYSE:FLUT) CFO Robert Coldrake sold 991 shares of the business’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $82.34, for a total value of $81,598.94. Following the sale, the chief financial officer owned 23,888 shares in the company, valued at approximately $1,966,937.92. The trade was a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Robert Coldrake also recently made the following trade(s):

• On Tuesday, September 1st, Robert Coldrake sold 710 shares of Flutter Entertainment stock. The stock was sold at an average price of $97.86, for a total value of $69,480.60.

Flutter Entertainment Stock Down 0.2%

Shares of NYSE FLUT opened at $81.53 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.49. The company has a market cap of $14.18 billion, a P/E ratio of -15.41 and a beta of 1.27. Flutter Entertainment PLC has a 52 week low of $72.56 and a 52 week high of $235.77. The business has a 50-day simple moving average of $85.47 and a two-hundred day simple moving average of $104.88.

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

Key Flutter Entertainment News

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

• Positive Sentiment: FanDuel’s betting handle rose 13%, a sign of customer activity that could help support future growth. FanDuel Handle Rises 13% as Flutter Cuts 2026 Revenue Outlook
• Positive Sentiment: Flutter plans to deliver $500 million in additional cost savings by 2029, which could help offset some pressure on earnings. Flutter cuts 2026 guidance and targets $500m more savings by 2029
• Neutral Sentiment: Analysts have reduced several price targets following the results, though some retained positive ratings. UBS, for example, cut its target to $120 but maintained a Buy rating. UBS analyst recommendations
• Negative Sentiment: Flutter missed Q3 revenue and EBITDA expectations and lowered its 2026 outlook. Reports cited unfavorable football results, tax changes and Brazil-related challenges, including an impairment, as factors weighing on performance. Flutter cuts 2026 outlook after Q3 loss Tax hike, football results and Brazil’s betting ban hit Flutter Entertainment
• Negative Sentiment: DraftKings’ sharp selloff after cutting its forecast also pressured Flutter and highlighted investor concern about competition and spending in prediction markets across the betting sector. DraftKings plunges on weak forecast and prediction-market spending

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FLUT shares. Wedbush reduced their price objective on shares of Flutter Entertainment from $126.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. Moffett Nathanson reaffirmed a “neutral” rating and set a $92.00 target price on shares of Flutter Entertainment in a report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft set a $148.00 target price on shares of Flutter Entertainment in a research note on Thursday, August 6th. Oppenheimer cut their price target on shares of Flutter Entertainment from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, November 2nd. Finally, Sanford C. Bernstein reduced their price target on shares of Flutter Entertainment from $110.00 to $100.00 and set a “market perform” rating for the company in a research report on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.07.

Hedge Funds Weigh In On Flutter Entertainment

Institutional investors have recently added to or reduced their stakes in the business. Parvus Asset Management Jersey Ltd purchased a new stake in shares of Flutter Entertainment in the 2nd quarter valued at about $1,552,097,267. Hsbc Holdings PLC grew its holdings in shares of Flutter Entertainment by 33,988.7% during the first quarter. Hsbc Holdings PLC now owns 5,605,543 shares of the company’s stock worth $575,185,000 after purchasing an additional 5,589,099 shares in the last quarter. Amundi grew its holdings in shares of Flutter Entertainment by 463.7% during the first quarter. Amundi now owns 2,059,906 shares of the company’s stock worth $210,007,000 after purchasing an additional 1,694,474 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Flutter Entertainment by 1.3% during the first quarter. Janus Henderson Group PLC now owns 1,601,605 shares of the company’s stock worth $163,202,000 after purchasing an additional 20,810 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Flutter Entertainment by 7.1% in the first quarter. Swiss National Bank now owns 490,422 shares of the company’s stock worth $49,999,000 after purchasing an additional 32,480 shares during the last quarter.

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.

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