Flutter Entertainment plc (NYSE:FLUT) CEO Sells $3,077,547.00 in Stock

Flutter Entertainment plc (NYSE:FLUT) CEO Amy Howe sold 11,814 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $260.50, for a total value of $3,077,547.00. Following the transaction, the chief executive officer now directly owns 62,941 shares of the company’s stock, valued at $16,396,130.50. This represents a 15.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Flutter Entertainment Trading Down 8.5 %

Shares of FLUT opened at $227.21 on Tuesday. Flutter Entertainment plc has a 1 year low of $174.03 and a 1 year high of $299.73. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $266.61 and a 200-day simple moving average of $251.76. The stock has a market cap of $40.32 billion and a PE ratio of 1,032.77.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FLUT. Macquarie reissued an “outperform” rating and set a $340.00 price objective on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Stifel Nicolaus began coverage on Flutter Entertainment in a research report on Friday, January 17th. They set a “buy” rating and a $320.00 price objective for the company. JMP Securities boosted their price objective on Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a research report on Monday, January 6th. Craig Hallum upped their price target on Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, BTIG Research set a $323.00 price target on Flutter Entertainment in a report on Monday, February 3rd. Twenty investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $311.41.

Hedge Funds Weigh In On Flutter Entertainment

Hedge funds have recently modified their holdings of the stock. Jennison Associates LLC bought a new stake in Flutter Entertainment during the 4th quarter worth approximately $239,306,000. Vestcor Inc bought a new stake in Flutter Entertainment during the 3rd quarter worth approximately $815,000. DJE Kapital AG bought a new stake in Flutter Entertainment during the 4th quarter worth approximately $442,000. Benson Investment Management Company Inc. bought a new stake in Flutter Entertainment during the 4th quarter worth approximately $5,116,000. Finally, Sanctuary Advisors LLC bought a new stake in Flutter Entertainment during the 3rd quarter worth approximately $802,000.

About Flutter Entertainment

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.