Prospera Financial Services Inc increased its holdings in DraftKings Inc. (NASDAQ:DKNG – Get Rating) by 64.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,257 shares of the company’s stock after buying an additional 8,296 shares during the period. Prospera Financial Services Inc’s holdings in DraftKings were worth $248,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. HG Vora Capital Management LLC acquired a new position in DraftKings during the 1st quarter valued at about $126,555,000. DAVENPORT & Co LLC boosted its stake in DraftKings by 115.1% during the 2nd quarter. DAVENPORT & Co LLC now owns 5,184,744 shares of the company’s stock valued at $60,536,000 after purchasing an additional 2,774,000 shares during the period. Nikko Asset Management Americas Inc. boosted its stake in DraftKings by 8.4% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 13,326,147 shares of the company’s stock valued at $261,726,000 after purchasing an additional 1,035,220 shares during the period. Aaron Wealth Advisors LLC acquired a new position in DraftKings during the 1st quarter valued at about $36,835,000. Finally, Vanguard Group Inc. boosted its stake in DraftKings by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 26,751,024 shares of the company’s stock valued at $520,842,000 after purchasing an additional 412,179 shares during the period. 29.18% of the stock is owned by institutional investors and hedge funds.
DraftKings Stock Performance
Shares of NASDAQ:DKNG opened at $14.88 on Friday. The company has a market cap of $12.52 billion, a PE ratio of -4.33 and a beta of 1.77. DraftKings Inc. has a 52 week low of $9.77 and a 52 week high of $41.90. The firm has a 50 day simple moving average of $15.20 and a 200 day simple moving average of $14.60.
Analyst Ratings Changes
DraftKings Inc operates a digital sports entertainment and gaming company. It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. The company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states.
- Get a free copy of the StockNews.com research report on DraftKings (DKNG)
- MarketBeat: Week in Review 11/7 – 11/11
- Oil Is a Compelling Reason The Sell-Off In Stocks Isn’t Over
- Is Mid-Cap Neurocrine Biosciences A Buy After Blowout Q3 Report?
- Six Flags is a Ride You Don’t Want to Get Stuck On
- Hanesbrands May be Signaling a Bad Week for Retail Stocks
Receive News & Ratings for DraftKings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DraftKings and related companies with MarketBeat.com's FREE daily email newsletter.