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Robert Coldrake, the Chief Financial Officer of Flutter Entertainment plc (LSE:FLTR), recently sold 166 ordinary shares of the company at a price of $255.11 per share, totaling $42,348. This transaction took place on March 7, 2025, amid a notable 8.46% decline in the stock price over the past week. Following this sale, Coldrake holds 184 shares directly in the $40.79 billion market cap company. According to InvestingPro analysis, Flutter currently appears to be trading near its Fair Value.
In addition to the sale, Coldrake acquired 350 ordinary shares through the conversion of restricted stock units (RSUs) on the same day. These RSUs were previously granted and vested into ordinary shares without any cost to Coldrake.
Additionally, Coldrake disposed of several Nil Cost Options, which were converted to RSUs under the same terms. These transactions involved a total of 13,978 shares, with vesting dates spread across 2025 to 2027.
In other recent news, Flutter Entertainment has released its fourth-quarter 2024 results, which were consistent with prior expectations. The company reported a 19% increase in revenue and a 26% rise in adjusted earnings before interest, taxes, depreciation, and amortization (AEBITDA), driven by its expanding U.S. operations. Analysts from Benchmark and BTIG have reiterated their Buy ratings, with Benchmark raising the price target to $300 and BTIG maintaining a target of $323. Meanwhile, Citizens JMP has increased its price target to $328, citing Flutter’s ability to surpass revenue expectations despite challenging sporting outcomes.
Flutter Entertainment has also announced a share repurchase program, indicating its confidence in financial stability and future prospects. This move comes after the filing of its Annual Report for the fiscal year ending December 31, 2024. Additionally, the company is set to close acquisitions in Brazil and Italy, which are expected to contribute to its international segment expansion.
In the U.S., Flutter’s performance has been bolstered by a strong showing during the Super Bowl, aligning with anticipated performance levels for the first quarter of 2025. The company is also preparing for potential sports betting launches in Missouri and Alberta. These developments, alongside potential inclusion in the S&P 500 index, reflect Flutter’s strategic growth efforts and market share momentum.
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