Sender Co & Partners Inc. Has $1.35 Million Stake in Flutter Entertainment PLC $FLUT

Key Points

• Sender Co & Partners Inc. increased its stake in Flutter Entertainment PLC by 186.2%, now owning approximately $1.35 million worth of shares.
• Insider transactions revealed significant sales, with James Philip Bishop selling 1,904 shares and Daniel Mark Taylor selling 15,283 shares, indicative of a 28.78% and 47.95% decrease in their ownership, respectively.
• Multiple analysts have upgraded Flutter Entertainment's stock price targets, with rates ranging from $340.00 to $356.00, reflecting positive market expectations.

Sender Co & Partners Inc. grew its stake in Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 186.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,082 shares of the company's stock after purchasing an additional 3,957 shares during the period. Sender Co & Partners Inc.'s holdings in Flutter Entertainment were worth $1,347,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC grew its position in Flutter Entertainment by 1,375.0% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company's stock worth $26,000 after purchasing an additional 110 shares during the last quarter. SVB Wealth LLC acquired a new stake in Flutter Entertainment in the 1st quarter worth $27,000. Tower Research Capital LLC TRC acquired a new stake in Flutter Entertainment in the 4th quarter worth $33,000. Parallel Advisors LLC grew its position in Flutter Entertainment by 78.9% in the 1st quarter. Parallel Advisors LLC now owns 136 shares of the company's stock worth $30,000 after purchasing an additional 60 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Flutter Entertainment by 90.6% in the 1st quarter. Farther Finance Advisors LLC now owns 183 shares of the company's stock worth $41,000 after purchasing an additional 87 shares during the last quarter.

Insider Activity

In other Flutter Entertainment news, insider James Philip Bishop sold 1,904 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $281.64, for a total value of $536,242.56. Following the transaction, the insider directly owned 4,712 shares in the company, valued at $1,327,087.68. The trade was a 28.78% 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, insider Daniel Mark Taylor sold 15,283 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $284.80, for a total transaction of $4,352,598.40. Following the completion of the transaction, the insider owned 16,589 shares in the company, valued at approximately $4,724,547.20. This trade represents a 47.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,396 shares of company stock valued at $6,759,745 in the last ninety days. 0.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FLUT shares. JMP Securities raised their price target on shares of Flutter Entertainment from $323.00 to $345.00 and gave the stock a "market outperform" rating in a research report on Friday, August 8th. Canaccord Genuity Group lifted their target price on shares of Flutter Entertainment from $330.00 to $340.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Hsbc Global Res upgraded shares of Flutter Entertainment to a "hold" rating in a research report on Wednesday, June 18th. Stifel Nicolaus lifted their target price on shares of Flutter Entertainment from $353.00 to $356.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Needham & Company LLC lifted their target price on shares of Flutter Entertainment from $340.00 to $355.00 and gave the company a "buy" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $332.70.

Flutter Entertainment Price Performance

NYSE:FLUT opened at $295.19 on Friday. The firm has a market cap of $51.98 billion, a PE ratio of 145.41, a price-to-earnings-growth ratio of 1.43 and a beta of 2.29. Flutter Entertainment PLC has a 12 month low of $196.88 and a 12 month high of $313.68. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The company's 50-day moving average price is $296.23 and its two-hundred day moving average price is $263.41.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $2.95 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.87. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $3.06 billion. Flutter Entertainment had a net margin of 2.96% and a return on equity of 12.15%. The firm's revenue for the quarter was up 16.0% on a year-over-year basis. Flutter Entertainment has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Flutter Entertainment PLC will post 4.17 EPS for the current fiscal year.

Flutter Entertainment declared that its Board of Directors has authorized a share buyback program on Friday, August 8th that authorizes the company to repurchase $245.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

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.

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