National Pension Service Has $1.32 Million Position in Flutter Entertainment PLC $FLUT

National Pension Service trimmed its holdings in shares of Flutter Entertainment PLC (NYSE:FLUT) by 94.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,876 shares of the company’s stock after selling 234,918 shares during the period. National Pension Service’s holdings in Flutter Entertainment were worth $1,316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Zions Bancorporation National Association UT grew its stake in Flutter Entertainment by 1,685.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 118 shares in the last quarter. EFG International AG acquired a new stake in shares of Flutter Entertainment in the 4th quarter valued at approximately $36,000. IFP Advisors Inc grew its stake in shares of Flutter Entertainment by 93.8% in the fourth quarter. IFP Advisors Inc now owns 186 shares of the company’s stock valued at $40,000 after buying an additional 90 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in Flutter Entertainment by 83.3% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock worth $42,000 after buying an additional 75 shares during the last quarter. Finally, LM Advisors LLC acquired a new position in Flutter Entertainment during the fourth quarter worth $46,000.

Insider Buying and Selling

In related news, COO James Bishop sold 741 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total transaction of $72,514.26. Following the completion of the transaction, the chief operating officer directly owned 16,864 shares of the company’s stock, valued at $1,650,311.04. This trade represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Don H. Liu sold 565 shares of Flutter Entertainment stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $55,290.90. Following the completion of the transaction, the insider directly owned 20,441 shares in the company, valued at approximately $2,000,356.26. This represents a 2.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 6,681 shares of company stock valued at $644,214 over the last three months. Insiders own 0.13% of the company’s stock.

Flutter Entertainment Stock Up 0.0%

Shares of FLUT opened at $100.58 on Monday. The company has a market cap of $17.46 billion, a P/E ratio of -23.39, a P/E/G ratio of 2.55 and a beta of 1.26. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment PLC has a one year low of $89.71 and a one year high of $289.60. The firm has a 50 day simple moving average of $102.16 and a two-hundred day simple moving average of $103.81.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.05). The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.24 billion. Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $2.95 earnings per share. Research analysts forecast that Flutter Entertainment PLC will post 3.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wall Street Zen cut shares of Flutter Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. began coverage on shares of Flutter Entertainment in a report on Wednesday, August 12th. They issued a “neutral” rating and a $114.00 target price on the stock. Stifel Nicolaus reduced their price target on Flutter Entertainment from $161.00 to $133.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Truist Financial lowered their price target on Flutter Entertainment from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. Finally, UBS Group dropped their price objective on Flutter Entertainment from $160.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.88.

Flutter Entertainment Profile

Flutter Entertainment plc is a global sports betting and online gaming company headquartered in Dublin, Ireland. The company provides customers with sports wagering, casino, poker, bingo and other gaming products through digital platforms, retail betting shops and other distribution channels.

Flutter’s portfolio includes brands such as FanDuel in the United States, Paddy Power and Betfair in the United Kingdom and Ireland, PokerStars internationally, Sky Betting & Gaming, Sisal and tombola.