Insider Selling: Flutter Entertainment plc (NYSE:FLUT) CEO Sells 11,814 Shares of Stock

Flutter Entertainment plc (NYSE:FLUT) CEO Amy Howe sold 11,814 shares of Flutter Entertainment stock in a transaction dated Thursday, March 6th. The shares were 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 directly owns 62,941 shares of the company’s stock, valued at approximately $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 available at this link.

Flutter Entertainment Stock Performance

NYSE FLUT opened at $234.24 on Thursday. 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 $41.57 billion and a P/E ratio of 1,064.74. Flutter Entertainment plc has a 12-month low of $174.03 and a 12-month high of $299.73. The firm has a 50-day moving average price of $265.59 and a two-hundred day moving average price of $251.78.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FLUT shares. Truist Financial started coverage on shares of Flutter Entertainment in a research report on Wednesday, February 26th. They issued a “buy” rating and a $330.00 price objective for the company. Benchmark lifted their price objective on shares of Flutter Entertainment from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Barclays lifted their price objective on shares of Flutter Entertainment from $301.00 to $308.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. BTIG Research set a $323.00 target price on shares of Flutter Entertainment in a report on Monday, February 3rd. Finally, Needham & Company LLC lifted their target price on shares of Flutter Entertainment from $300.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Twenty investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Flutter Entertainment has a consensus rating of “Buy” and a consensus price target of $311.41.

Institutional Trading of Flutter Entertainment

A number of institutional investors have recently bought and sold shares of FLUT. Jennison Associates LLC acquired a new position in shares of Flutter Entertainment in the 4th quarter valued at approximately $239,306,000. Vestcor Inc acquired a new position in shares of Flutter Entertainment in the 3rd quarter valued at approximately $815,000. DJE Kapital AG acquired a new position in shares of Flutter Entertainment in the 4th quarter valued at approximately $442,000. Benson Investment Management Company Inc. acquired a new position in shares of Flutter Entertainment in the 4th quarter valued at approximately $5,116,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Flutter Entertainment in the 3rd quarter valued at 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.