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In a recent transaction, Nancy Cruickshank, a director at Flutter Entertainment PLC (NASDAQ:FLUT), sold 281 ordinary shares on June 4, 2025. The shares were sold at an average price of $245.71 each, resulting in a total transaction value of $69,044. The transaction occurred in a $43.19 billion market cap company that has delivered a strong 27.36% return over the past year. Following this sale, Cruickshank holds 1,797 shares directly. The sale was conducted to cover tax withholding obligations related to the vesting and settlement of restricted stock units. InvestingPro analysis shows Flutter maintains a GOOD financial health score, with 16.68% revenue growth and robust operational metrics. Discover more insights and access the comprehensive Pro Research Report covering Flutter and 1,400+ other top stocks with an InvestingPro subscription.
In other recent news, Flutter Entertainment announced the issuance of $1 billion in senior secured notes and increased its term B loans by $750 million. These financial maneuvers are aimed at repaying amounts under a previous Bridge Credit Agreement and covering general corporate expenses. Additionally, Flutter Entertainment disclosed an update on its total voting rights, ensuring transparency and compliance with regulatory obligations. In the realm of analyst ratings, Citizens JMP reaffirmed their Market Outperform rating with a $301 price target, indicating confidence in Flutter’s market strategy despite unfavorable sports outcomes. On another note, Bernstein SocGen Group initiated coverage with a Market Perform rating and a $275 price target, citing promising growth prospects but expressing caution about regulatory changes in the UK.
Citi analysts maintained their Buy rating with a £250 price target, considering the impact of a new tax on online sports betting in Illinois. The tax is anticipated to affect Flutter’s U.S. adjusted EBITDA by about 6% in fiscal year 2025, though the company has historically mitigated such impacts. These developments highlight Flutter Entertainment’s strategic financial management and ongoing adaptation to market conditions.
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