ABN Amro Investment Solutions Acquires Shares of 5,627 Flutter Entertainment PLC $FLUT

ABN Amro Investment Solutions acquired a new position in shares of Flutter Entertainment PLC (NYSE:FLUT) in the 1st quarter, Holdings Channel.com reports. The firm acquired 5,627 shares of the company’s stock, valued at approximately $574,000.

A number of other large investors have also recently bought and sold shares of FLUT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Flutter Entertainment by 5.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock worth $290,000 after buying an additional 69 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Flutter Entertainment in the second quarter valued at about $405,000. Creative Planning bought a new position in Flutter Entertainment in the second quarter valued at about $296,000. Northwestern Mutual Wealth Management Co. raised its stake in Flutter Entertainment by 246.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company’s stock worth $53,000 after acquiring an additional 133 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Flutter Entertainment by 74.6% in the second quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company’s stock worth $71,000 after acquiring an additional 106 shares during the last quarter.

Insiders Place Their Bets

In other news, CEO Daniel Mark Taylor acquired 1,611 shares of Flutter Entertainment stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $94.29 per share, with a total value of $151,901.19. Following the completion of the purchase, the chief executive officer owned 34,584 shares of the company’s stock, valued at approximately $3,260,925.36. The trade was a 4.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Don H. Liu purchased 1,459 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were acquired at an average price of $102.78 per share, with a total value of $149,956.02. Following the purchase, the insider directly owned 22,265 shares in the company, valued at $2,288,396.70. This represents a 7.01% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 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.

Flutter Entertainment Stock Up 0.6%

Shares of Flutter Entertainment stock opened at $101.47 on Friday. Flutter Entertainment PLC has a one year low of $91.52 and a one year high of $313.68. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s 50-day moving average is $103.43 and its 200 day moving average is $120.97. The firm has a market cap of $17.65 billion, a price-to-earnings ratio of -47.42, a PEG ratio of 1.39 and a beta of 1.31.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the previous year, the business posted $1.59 EPS. Flutter Entertainment’s revenue for the quarter was up 17.4% compared to the same quarter last year. Equities research analysts anticipate that Flutter Entertainment PLC will post 4.72 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Barclays raised their target price on shares of Flutter Entertainment from $150.00 to $151.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Benchmark dropped their price target on Flutter Entertainment from $175.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Citizens Jmp cut their price objective on Flutter Entertainment from $165.00 to $159.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 8th. Needham & Company LLC reduced their price objective on Flutter Entertainment from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Finally, Stifel Nicolaus lowered their target price on Flutter Entertainment from $170.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.26.

Flutter Entertainment Profile

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.