Flutter Entertainment plc (NYSE:FLUT – Get Free Report) Director Atif Rafiq sold 265 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $244.18, for a total value of $64,707.70. Following the sale, the director now owns 2,474 shares of the company’s stock, valued at $604,101.32. The trade was a 9.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Flutter Entertainment Stock Performance
NYSE:FLUT opened at $249.61 on Friday. The stock has a market capitalization of $44.10 billion and a P/E ratio of 86.37. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The company has a 50 day moving average price of $236.90 and a 200 day moving average price of $253.85.
Flutter Entertainment (NYSE:FLUT – Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.30). The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.06 billion. Flutter Entertainment had a negative net margin of 6.86% and a negative return on equity of 4.52%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. Equities research analysts forecast that Flutter Entertainment plc will post 4.17 EPS for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on FLUT
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the business. Harvest Fund Management Co. Ltd purchased a new stake in shares of Flutter Entertainment in the 4th quarter valued at about $25,000. Farther Finance Advisors LLC raised its stake in Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock valued at $25,000 after acquiring an additional 82 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in Flutter Entertainment by 1,375.0% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company’s stock valued at $26,000 after acquiring an additional 110 shares during the last quarter. SVB Wealth LLC purchased a new stake in Flutter Entertainment during the 1st quarter valued at approximately $27,000. Finally, Parallel Advisors LLC raised its stake in shares of Flutter Entertainment by 78.9% during the 1st quarter. Parallel Advisors LLC now owns 136 shares of the company’s stock worth $30,000 after buying an additional 60 shares in the last quarter.
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.
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