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Christine McCarthy, a director at Flutter Entertainment plc (LSE:FLUT), recently sold a portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, McCarthy sold 264 ordinary shares on June 5, 2025, at a price of $244.12 per share, amounting to a total transaction value of $64,447. The transaction occurred in Flutter Entertainment, a $43.29 billion market cap company that has shown strong revenue growth of 16.68% over the last twelve months.InvestingPro analysis shows the company maintains a "GOOD" financial health score, with analysts setting price targets ranging from $254 to $340.
The sale was made to cover tax withholding liabilities associated with the vesting and settlement of restricted stock units. Following this transaction, McCarthy holds 559 shares directly in Flutter Entertainment. While the company trades at a relatively high P/E ratio of 83.75, InvestingPro subscribers can access 12 additional key insights about Flutter’s valuation and growth prospects through the comprehensive Pro Research Report.
In other recent news, Flutter Entertainment has issued $1 billion in senior secured notes and increased its term B loans by $750 million. This financial move aims to repay amounts under a previously established Bridge Credit Agreement used for acquiring Snaitech S.p.A. and cover general corporate expenses. Additionally, Citi analysts have maintained their Buy rating for Flutter Entertainment, despite the approval of an additional tax on online sports betting in Illinois, which is expected to impact the company’s U.S. adjusted EBITDA by 6% in fiscal year 2025. Meanwhile, Bernstein SocGen Group has initiated coverage on Flutter Entertainment with a Market Perform rating and a price target of $275, citing the company’s medium-term growth prospects and market leadership. Citizens JMP analysts have also reaffirmed their Market Outperform rating with a $301 price target, noting that recent unfavorable sports outcomes do not alter future estimates.
Furthermore, Flutter Entertainment recently updated its total voting rights in compliance with regulatory obligations, ensuring transparency for shareholders. This update is part of the company’s commitment to maintaining clear governance structures. The company has also been recognized for its strategic focus on same-game parlays, which provides some protection against unfavorable sports betting outcomes. These developments reflect Flutter’s ongoing efforts to manage financial and regulatory challenges while maintaining its market position.
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