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In a recent transaction, Rafiq Atif, a director at Flutter Entertainment (LSE:FLUT), sold 265 ordinary shares of the company on June 4, 2025. The shares were sold at an average price of $244.18 each, totaling $64,706. The transaction occurred as Flutter maintains a strong market position with a market capitalization of $43.2 billion and robust revenue growth of 17% over the last twelve months. Following this transaction, Atif holds 2,474 shares directly. The sale was made to cover tax withholding liabilities related to the vesting and settlement of restricted stock units. According to InvestingPro analysis, Flutter currently trades at a high P/E ratio of 84x, while maintaining a "GOOD" overall financial health score. For deeper insights into Flutter’s valuation and 12 additional exclusive ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Flutter Entertainment has issued $1 billion in senior secured notes and increased its term B loans by $750 million. These financial strategies aim to repay amounts under a previous Bridge Credit Agreement used for acquiring Snaitech S.p.A., while also covering general corporate expenses. In a separate development, Citi analysts have maintained their Buy rating for Flutter Entertainment, setting a price target of £250.00. This decision follows the approval of a new online sports betting tax in Illinois, which could impact Flutter’s U.S. adjusted EBITDA by 6% in fiscal year 2025. Additionally, Bernstein SocGen Group initiated coverage of Flutter Entertainment with a Market Perform rating and a price target of $275, citing the company’s medium-term growth prospects and market leadership.
Further, Citizens JMP analysts have reiterated a Market Outperform rating with a $301.00 price target, reflecting confidence in Flutter’s strategy despite unfavorable sports outcomes during the NFL season. The company also announced an update on its total voting rights, ensuring transparency and regulatory compliance. This update was detailed in an 8-K filing with the U.S. Securities and Exchange Commission. These recent developments highlight Flutter Entertainment’s ongoing strategic initiatives and market positioning.
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