Flutter Entertainment plc (NYSE:FLUT) Director Sells $6,556,072.92 in Stock

Flutter Entertainment plc (NYSE:FLUT) Director Jeremy Peter Jackson sold 25,027 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $261.96, for a total value of $6,556,072.92. Following the transaction, the director now owns 21,148 shares of the company’s stock, valued at approximately $5,539,930.08. This trade represents a 54.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Flutter Entertainment Trading Down 8.5 %

Shares of FLUT stock opened at $227.21 on Tuesday. The firm has a 50 day moving average price of $266.61 and a two-hundred day moving average price of $251.76. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $40.32 billion and a PE ratio of 1,032.77. Flutter Entertainment plc has a 12-month low of $174.03 and a 12-month high of $299.73.

Analyst Ratings Changes

A number of research firms have issued reports on FLUT. Peel Hunt upgraded Flutter Entertainment from a “hold” rating to an “add” rating in a report on Monday. The Goldman Sachs Group assumed coverage on Flutter Entertainment in a report on Friday, November 22nd. They set a “buy” rating and a $320.00 target price for the company. Wells Fargo & Company increased their price objective on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Craig Hallum increased their price objective on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, JMP Securities increased their price objective on shares of Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a research note on Monday, January 6th. Twenty research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $311.41.

Institutional Investors Weigh In On Flutter Entertainment

Hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC acquired a new stake in Flutter Entertainment during the fourth quarter worth approximately $239,306,000. Vestcor Inc acquired a new stake in Flutter Entertainment during the third quarter worth approximately $815,000. DJE Kapital AG acquired a new stake in Flutter Entertainment during the fourth quarter worth approximately $442,000. Benson Investment Management Company Inc. acquired a new stake in Flutter Entertainment during the fourth quarter worth approximately $5,116,000. Finally, Sanctuary Advisors LLC acquired a new stake in Flutter Entertainment during the third quarter worth approximately $802,000.

Flutter Entertainment Company Profile

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.