Janus Henderson Group PLC Has $55.14 Million Stock Holdings in Flutter Entertainment plc (NYSE:FLUT)

Janus Henderson Group PLC decreased its stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 19.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,514 shares of the company's stock after selling 52,682 shares during the period. Janus Henderson Group PLC owned approximately 0.12% of Flutter Entertainment worth $55,143,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FLUT. Harvest Fund Management Co. Ltd acquired a new position in shares of Flutter Entertainment in the fourth quarter worth about $25,000. Farther Finance Advisors LLC grew its holdings in shares of Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock valued at $25,000 after purchasing an additional 82 shares during the last quarter. BOCHK Asset Management Ltd bought a new position in Flutter Entertainment in the 4th quarter worth approximately $26,000. Raleigh Capital Management Inc. bought a new position in Flutter Entertainment during the 4th quarter valued at $26,000. Finally, IFP Advisors Inc lifted its position in shares of Flutter Entertainment by 244.1% during the 4th quarter. IFP Advisors Inc now owns 117 shares of the company's stock valued at $31,000 after acquiring an additional 83 shares during the last quarter.

Insider Activity at Flutter Entertainment

In related news, COO James Philip Bishop sold 3,000 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $243.20, for a total value of $729,600.00. Following the completion of the sale, the chief operating officer now owns 4,712 shares in the company, valued at approximately $1,145,958.40. This trade represents a 38.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amy Howe sold 2,315 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $243.50, for a total transaction of $563,702.50. Following the transaction, the chief executive officer now owns 73,947 shares of the company's stock, valued at approximately $18,006,094.50. This represents a 3.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,156 shares of company stock worth $10,926,922.

Flutter Entertainment Stock Performance

Shares of NYSE:FLUT traded up $5.13 during midday trading on Friday, hitting $249.23. The company's stock had a trading volume of 1,501,755 shares, compared to its average volume of 1,864,910. The stock has a market capitalization of $44.04 billion and a price-to-earnings ratio of 86.24. The stock's 50 day simple moving average is $233.96 and its 200 day simple moving average is $254.05. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last issued 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 net margin of 6.86% and a negative return on equity of 4.52%. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period in the prior year, the business posted $0.10 earnings per share. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, research analysts anticipate that Flutter Entertainment plc will post 4.17 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on FLUT. UBS Group increased their target price on Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Susquehanna cut their price objective on Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a report on Wednesday, March 5th. Stifel Nicolaus cut their price objective on Flutter Entertainment from $320.00 to $315.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company increased their price objective on Flutter Entertainment from $285.00 to $300.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Finally, JMP Securities cut their price objective on Flutter Entertainment from $328.00 to $317.00 and set a "market outperform" rating for the company in a report on Monday, April 14th. Twenty equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $306.28.

About Flutter Entertainment

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.