Flutter Entertainment plc (NYSE:FLUT) CEO Amy Howe Sells 11,814 Shares

Flutter Entertainment plc (NYSE:FLUT) CEO Amy Howe sold 11,814 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $260.50, for a total transaction of $3,077,547.00. Following the completion of the transaction, the chief executive officer now owns 62,941 shares in the company, valued at $16,396,130.50. This trade represents a 15.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Flutter Entertainment Trading Down 8.5 %

NYSE FLUT traded down $21.05 during trading on Monday, hitting $227.21. The stock had a trading volume of 6,211,866 shares, compared to its average volume of 1,691,475. Flutter Entertainment plc has a one year low of $174.03 and a one year high of $299.73. The stock has a 50 day simple moving average of $267.23 and a 200 day simple moving average of $251.64. The stock has a market capitalization of $40.32 billion and a price-to-earnings ratio of 1,032.77. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FLUT shares. Citigroup reiterated an “outperform” rating on shares of Flutter Entertainment in a research note on Wednesday, March 5th. UBS Group lifted their price objective on Flutter Entertainment from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday. Stifel Nicolaus began coverage on shares of Flutter Entertainment in a report on Friday, January 17th. They issued a “buy” rating and a $320.00 target price for the company. Peel Hunt raised shares of Flutter Entertainment from a “hold” rating to an “add” rating in a report on Monday. Finally, BTIG Research set a $323.00 price objective on shares of Flutter Entertainment in a research note on Monday, February 3rd. Twenty equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Flutter Entertainment presently has an average rating of “Buy” and an average target price of $311.41.

Institutional Investors Weigh In On Flutter Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE increased its stake in Flutter Entertainment by 71.7% in the third quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after purchasing an additional 99 shares during the period. Van ECK Associates Corp purchased a new position in Flutter Entertainment in the 3rd quarter worth about $2,784,000. Verdence Capital Advisors LLC purchased a new position in Flutter Entertainment in the 3rd quarter worth about $561,000. Proficio Capital Partners LLC lifted its holdings in Flutter Entertainment by 5.2% during the 3rd quarter. Proficio Capital Partners LLC now owns 8,840 shares of the company’s stock valued at $2,098,000 after buying an additional 440 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new position in Flutter Entertainment in the 3rd quarter worth about $16,829,000.

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.