Trump announces 100% chip tariff as Apple ups U.S. investment
James Bishop, the Chief Operating Officer of Flutter Entertainment plc (LSE:FLUT), a $43 billion market cap gaming company, recently reported a significant stock transaction. On May 9, Bishop sold 3,000 ordinary shares of Flutter Entertainment, generating proceeds of $729,600. The shares were sold at an average price of $243.20, following conversion from British pounds to U.S. dollars. According to InvestingPro data, the company’s stock is currently trading near its Fair Value, with strong revenue growth of 17% over the last twelve months.
The transaction was part of a series of movements in Bishop’s portfolio. Prior to the sale, he exercised nil-cost options to acquire 3,000 ordinary shares, which did not involve any cash transaction. Post-sale, Bishop’s direct ownership stands at 4,712 shares.
These transactions highlight Bishop’s ongoing management of his equity stake in the company, which operates under the ticker LSE:FLUT.
In other recent news, Flutter Entertainment reported its first-quarter results, which fell short of market expectations. Revenue and adjusted EBITDA were below consensus, partly due to weaker U.S. sports betting outcomes and foreign exchange headwinds. Despite these challenges, the company has raised its full-year revenue guidance, although the increase in AEBITDA guidance remains modest. Analysts from Benchmark maintained a Buy rating with a $300 price target, while Stifel and JMP Securities also upheld their Buy ratings with targets of $315 and $317, respectively. Stifel noted that the company’s FY25 guidance was revised upward due to contributions from Snaitech/NSX and favorable foreign exchange movements. Additionally, Flutter Entertainment announced a share repurchase program, aligning with its strategy to enhance shareholder value. This initiative was disclosed through an 8-K filing with the SEC, ensuring compliance with regulatory requirements. The company continues to focus on product-led growth and cost efficiency, particularly in the U.S. market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.