Jefferies Financial Group Inc. Has $4.46 Million Stock Holdings in Flutter Entertainment plc (NYSE:FLUT)

Jefferies Financial Group Inc. lowered its holdings in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 25.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,235 shares of the company's stock after selling 5,967 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Flutter Entertainment were worth $4,456,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new stake in Flutter Entertainment during the fourth quarter worth about $39,000. KBC Group NV grew its stake in Flutter Entertainment by 22.3% during the fourth quarter. KBC Group NV now owns 10,790 shares of the company's stock worth $2,788,000 after buying an additional 1,970 shares during the last quarter. R Squared Ltd bought a new stake in Flutter Entertainment during the fourth quarter worth about $75,000. Robeco Institutional Asset Management B.V. grew its stake in Flutter Entertainment by 47.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 30,375 shares of the company's stock worth $7,850,000 after buying an additional 9,724 shares during the last quarter. Finally, BOCHK Asset Management Ltd bought a new stake in Flutter Entertainment during the fourth quarter worth about $26,000.

Flutter Entertainment Trading Up 1.5%

NYSE FLUT traded up $3.65 on Friday, reaching $252.90. The company had a trading volume of 2,029,288 shares, compared to its average volume of 1,872,981. The stock's 50 day moving average is $235.23 and its 200-day moving average is $254.47. The stock has a market cap of $44.68 billion and a price-to-earnings ratio of 87.51. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment plc has a 52 week low of $174.03 and a 52 week high of $299.73.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.30). Flutter Entertainment had a negative return on equity of 4.52% and a negative net margin of 6.86%. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the company earned $0.10 earnings per share. The firm's revenue was up 7.9% compared to the same quarter last year. Equities analysts predict that Flutter Entertainment plc will post 4.17 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on FLUT shares. Wells Fargo & Company upped their price objective on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Macquarie reiterated an "outperform" rating and set a $340.00 target price (up from $330.00) on shares of Flutter Entertainment in a research report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $310.00 target price on shares of Flutter Entertainment in a research report on Thursday, May 8th. Citigroup reiterated an "outperform" rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Finally, Peel Hunt upgraded shares of Flutter Entertainment from a "hold" rating to an "add" rating in a research report on Monday, March 10th. Twenty investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $306.28.

Insiders Place Their Bets

In other news, CEO Amy Howe sold 11,814 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $260.50, for a total transaction of $3,077,547.00. Following the completion of the transaction, the chief executive officer now directly owns 62,941 shares of the company's stock, valued at $16,396,130.50. This represents a 15.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO James Philip Bishop sold 3,000 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $243.20, for a total value of $729,600.00. Following the transaction, the chief operating officer now directly owns 4,712 shares of the company's stock, valued at $1,145,958.40. This represents a 38.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,156 shares of company stock worth $10,926,922 over the last ninety days.

Flutter Entertainment Profile

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.