Flutter Entertainment PLC $FLUT Stock Holdings Reduced by Corient Private Wealth LLC

Corient Private Wealth LLC reduced its position in Flutter Entertainment PLC (NYSE:FLUT) by 64.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,464 shares of the company’s stock after selling 6,165 shares during the period. Corient Private Wealth LLC’s holdings in Flutter Entertainment were worth $745,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. MML Investors Services LLC boosted its stake in shares of Flutter Entertainment by 0.6% during the 2nd quarter. MML Investors Services LLC now owns 7,081 shares of the company’s stock worth $2,024,000 after acquiring an additional 45 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Flutter Entertainment by 5.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock valued at $290,000 after purchasing an additional 69 shares in the last quarter. Truist Financial Corp increased its stake in shares of Flutter Entertainment by 2.8% in the 4th quarter. Truist Financial Corp now owns 2,602 shares of the company’s stock valued at $560,000 after purchasing an additional 72 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in Flutter Entertainment by 83.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock worth $42,000 after purchasing an additional 75 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Flutter Entertainment by 219.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 115 shares of the company’s stock worth $25,000 after purchasing an additional 79 shares during the period.

Flutter Entertainment Stock Up 0.0%

Shares of NYSE FLUT opened at $106.04 on Friday. The firm has a market cap of $18.45 billion, a price-to-earnings ratio of -49.55, a PEG ratio of 1.37 and a beta of 1.31. Flutter Entertainment PLC has a 52-week low of $91.52 and a 52-week high of $313.68. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.27. The business’s 50 day moving average is $101.93 and its two-hundred day moving average is $132.74.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.13. Flutter Entertainment had a negative net margin of 2.20% and a positive return on equity of 11.60%. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter in the previous year, the business posted $1.59 earnings per share. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. Research analysts predict that Flutter Entertainment PLC will post 5 EPS for the current year.

Flutter Entertainment declared that its Board of Directors has initiated a share buyback plan on Wednesday, March 11th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Benchmark dropped their price objective on Flutter Entertainment from $175.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Wells Fargo & Company increased their target price on Flutter Entertainment from $161.00 to $168.00 and gave the company an “equal weight” rating in a report on Friday, June 12th. Susquehanna decreased their target price on Flutter Entertainment from $160.00 to $143.00 and set a “positive” rating on the stock in a research report on Tuesday, March 31st. Citigroup reiterated a “sell” rating on shares of Flutter Entertainment in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $167.00 price objective on shares of Flutter Entertainment in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Flutter Entertainment has an average rating of “Moderate Buy” and a consensus price target of $187.42.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, CEO Daniel Mark Taylor purchased 1,611 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average cost of $94.29 per share, with a total value of $151,901.19. Following the acquisition, the chief executive officer directly owned 34,584 shares of the company’s stock, valued at approximately $3,260,925.36. This represents a 4.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Carolan Lennon sold 439 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $94.63, for a total value of $41,542.57. Following the transaction, the director directly owned 1,688 shares of the company’s stock, valued at approximately $159,735.44. This represents a 20.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have bought 10,453 shares of company stock valued at $1,045,526 and have sold 5,994 shares valued at $577,293. Insiders own 0.13% of the company’s stock.

About Flutter Entertainment

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.