Sender Co & Partners Inc. Purchases 2,582 Shares of Flutter Entertainment plc (NYSE:FLUT)

Sender Co & Partners Inc. increased its holdings in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) by 43.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,521 shares of the company's stock after purchasing an additional 2,582 shares during the quarter. Flutter Entertainment accounts for 2.5% of Sender Co & Partners Inc.'s portfolio, making the stock its 9th biggest holding. Sender Co & Partners Inc.'s holdings in Flutter Entertainment were worth $2,022,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hsbc Holdings PLC increased its holdings in Flutter Entertainment by 10.9% in the 2nd quarter. Hsbc Holdings PLC now owns 6,189,639 shares of the company's stock valued at $1,131,079,000 after acquiring an additional 608,003 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Flutter Entertainment in the 3rd quarter worth about $849,474,000. FMR LLC grew its position in shares of Flutter Entertainment by 13.2% during the 3rd quarter. FMR LLC now owns 3,375,670 shares of the company's stock worth $794,362,000 after buying an additional 393,122 shares in the last quarter. Bank of Montreal Can grew its holdings in Flutter Entertainment by 868.5% during the 3rd quarter. Bank of Montreal Can now owns 3,367,022 shares of the company's stock worth $798,927,000 after acquiring an additional 3,019,376 shares in the last quarter. Finally, Cantillon Capital Management LLC increased its holdings in Flutter Entertainment by 3,827.8% during the third quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company's stock valued at $568,851,000 after buying an additional 2,336,347 shares during the period.

Flutter Entertainment Stock Up 1.1 %

Shares of NYSE FLUT traded up $2.90 during mid-day trading on Tuesday, hitting $274.42. The company had a trading volume of 754,233 shares, compared to its average volume of 1,160,883. Flutter Entertainment plc has a 12 month low of $158.43 and a 12 month high of $284.79. The business's 50-day simple moving average is $248.39 and its 200-day simple moving average is $218.22.

Flutter Entertainment declared that its board has approved a stock buyback program on Wednesday, September 25th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 11.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently commented on FLUT. Morgan Stanley began coverage on Flutter Entertainment in a report on Thursday, August 22nd. They set an "overweight" rating and a $247.00 target price on the stock. Bank of America assumed coverage on shares of Flutter Entertainment in a report on Monday, October 14th. They issued a "buy" rating and a $300.00 price objective for the company. The Goldman Sachs Group started coverage on Flutter Entertainment in a report on Friday, November 22nd. They issued a "buy" rating and a $320.00 target price on the stock. Susquehanna raised their price target on Flutter Entertainment from $273.00 to $286.00 and gave the stock a "positive" rating in a research note on Wednesday, November 13th. Finally, Craig Hallum increased their price target on Flutter Entertainment from $275.00 to $350.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $298.79.

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.