Sender Co & Partners Inc. Has $2.02 Million Stock Holdings in Flutter Entertainment plc (NYSE:FLUT)

Sender Co & Partners Inc. raised its stake in shares of Flutter Entertainment plc (NYSE:FLUT) by 43.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,521 shares of the company’s stock after buying an additional 2,582 shares during the period. Flutter Entertainment comprises approximately 2.5% of Sender Co & Partners Inc.’s holdings, making the stock its 9th largest position. Sender Co & Partners Inc.’s holdings in Flutter Entertainment were worth $2,022,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates boosted its holdings in shares of Flutter Entertainment by 10.0% in the third quarter. Raymond James & Associates now owns 18,348 shares of the company’s stock worth $4,354,000 after buying an additional 1,663 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Flutter Entertainment in the third quarter worth approximately $3,888,000. GSA Capital Partners LLP boosted its stake in shares of Flutter Entertainment by 48.3% during the 3rd quarter. GSA Capital Partners LLP now owns 12,034 shares of the company’s stock worth $2,855,000 after acquiring an additional 3,922 shares during the last quarter. Ovata Capital Management Ltd bought a new stake in shares of Flutter Entertainment during the 2nd quarter valued at $2,413,000. Finally, Hiddenite Capital Partners LP purchased a new stake in shares of Flutter Entertainment in the 3rd quarter worth $4,983,000.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. JMP Securities lifted their target price on Flutter Entertainment from $287.00 to $299.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 13th. Oppenheimer lifted their price objective on Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Craig Hallum boosted their price objective on Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Susquehanna raised their target price on shares of Flutter Entertainment from $273.00 to $286.00 and gave the stock a “positive” rating in a research note on Wednesday, November 13th. Finally, UBS Group upped their price target on shares of Flutter Entertainment from $308.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $298.79.

Flutter Entertainment Stock Performance

Shares of Flutter Entertainment stock opened at $271.54 on Tuesday. Flutter Entertainment plc has a twelve month low of $158.43 and a twelve month high of $284.79. The business has a 50-day moving average price of $248.39 and a 200-day moving average price of $218.22.

Flutter Entertainment declared that its board has authorized a stock buyback plan on Wednesday, September 25th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 11.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

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.