Sender Co & Partners Inc. Sells 6,396 Shares of Flutter Entertainment plc (NYSE:FLUT)

Sender Co & Partners Inc. reduced its holdings in Flutter Entertainment plc (NYSE:FLUT - Free Report) by 75.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,125 shares of the company's stock after selling 6,396 shares during the quarter. Sender Co & Partners Inc.'s holdings in Flutter Entertainment were worth $549,000 as of its most recent filing with the SEC.

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

Insider Activity at Flutter Entertainment

In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $260.50, for a total transaction of $3,077,547.00. Following the transaction, the chief executive officer now owns 62,941 shares in the company, valued at $16,396,130.50. This represents a 15.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeremy Peter Jackson sold 25,027 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $261.96, for a total transaction of $6,556,072.92. Following the sale, the director now directly owns 21,148 shares of the company's stock, valued at approximately $5,539,930.08. This trade represents a 54.20% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,156 shares of company stock worth $10,926,922.

Flutter Entertainment Stock Performance

Shares of Flutter Entertainment stock traded down $2.06 during trading on Tuesday, hitting $247.29. 1,427,951 shares of the stock were exchanged, compared to its average volume of 1,867,855. The stock has a market capitalization of $43.69 billion and a price-to-earnings ratio of 85.57. The company has a fifty day moving average price of $234.25 and a 200-day moving average price of $254.45. Flutter Entertainment plc has a 1-year low of $174.03 and a 1-year high of $299.73. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.59 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter last year, the company posted $0.10 EPS. The firm's quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities analysts predict that Flutter Entertainment plc will post 4.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FLUT shares. UBS Group boosted their price target on shares of Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, March 6th. JMP Securities decreased their price target on shares of Flutter Entertainment from $328.00 to $317.00 and set a "market outperform" rating for the company in a report on Monday, April 14th. Susquehanna decreased their price target on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a report on Wednesday, March 5th. Citigroup reaffirmed an "outperform" rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus cut their price objective on shares of Flutter Entertainment from $320.00 to $315.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Twenty research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus 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.