Baillie Gifford & Co. Cuts Stake in DraftKings Inc. $DKNG

Baillie Gifford & Co. cut its holdings in DraftKings Inc. (NASDAQ:DKNG) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,687,841 shares of the company’s stock after selling 243,422 shares during the period. Baillie Gifford & Co. owned 1.55% of DraftKings worth $287,525,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Integrated Wealth Concepts LLC boosted its stake in DraftKings by 5.9% during the first quarter. Integrated Wealth Concepts LLC now owns 9,460 shares of the company’s stock valued at $314,000 after buying an additional 524 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of DraftKings by 1,141.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,044 shares of the company’s stock worth $1,463,000 after acquiring an additional 40,495 shares in the last quarter. Empowered Funds LLC boosted its position in shares of DraftKings by 18.0% during the 1st quarter. Empowered Funds LLC now owns 9,115 shares of the company’s stock valued at $303,000 after acquiring an additional 1,391 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of DraftKings in the second quarter valued at $603,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of DraftKings by 9.1% in the second quarter. Farther Finance Advisors LLC now owns 3,413 shares of the company’s stock valued at $146,000 after purchasing an additional 286 shares in the last quarter. 37.70% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Gregory Westin Wendt purchased 10,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were acquired at an average price of $30.27 per share, for a total transaction of $302,700.00. Following the purchase, the director owned 10,000 shares of the company’s stock, valued at $302,700. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider R Stanton Dodge sold 52,777 shares of DraftKings stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $32.01, for a total value of $1,689,391.77. Following the sale, the insider directly owned 500,000 shares of the company’s stock, valued at $16,005,000. This trade represents a 9.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 166,752 shares of company stock valued at $5,252,044. 51.19% of the stock is currently owned by corporate insiders.

DraftKings Stock Down 5.2%

Shares of NASDAQ DKNG opened at $29.97 on Friday. The stock has a 50 day moving average price of $33.55 and a 200 day moving average price of $37.98. The firm has a market capitalization of $14.92 billion, a price-to-earnings ratio of -52.58, a PEG ratio of 0.64 and a beta of 1.63. DraftKings Inc. has a 52-week low of $26.23 and a 52-week high of $53.61. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.09 and a current ratio of 1.10.

DraftKings (NASDAQ:DKNG) last released its quarterly earnings data on Friday, November 7th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.27). The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.40 billion. DraftKings had a negative return on equity of 22.84% and a negative net margin of 4.90%.The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned ($0.60) earnings per share. Sell-side analysts expect that DraftKings Inc. will post 0.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DKNG shares. Barclays lowered their price objective on shares of DraftKings from $54.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. JPMorgan Chase & Co. lowered their price target on shares of DraftKings from $51.00 to $42.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Bank of America cut DraftKings from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $48.00 to $35.00 in a research note on Tuesday, November 4th. Wall Street Zen downgraded DraftKings from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $46.00 target price (down previously from $50.00) on shares of DraftKings in a report on Monday, November 10th. Twenty-four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.10.

DraftKings News Summary

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Benchmark reaffirmed a Buy and left its $37 price target unchanged, signaling an ~18% near‑term upside vs. current levels and providing buy‑side support despite regional softness. Why Benchmark Is Staying Bullish
• Positive Sentiment: Bull case from independent research argues new prediction‑market features aren’t a material competitive threat, cites improving hold, margins and user metrics, and models DKNG at a higher forward multiple — a constructive fundamental view for longer‑term holders. Are Prediction Markets Really A Threat To DraftKings?
• Positive Sentiment: MarketBeat highlights the Super Bowl as a near‑term revenue catalyst (higher betting volume/parlay mix), which could drive a quick rebound if sports outcomes normalize. The Super Bowl Catalyst
• Neutral Sentiment: Media/TV commentary (Jim Cramer) reiterates state expansion (Texas, California, Florida) as the strategic upside requirement — keeps regulatory rollout on investors’ radars but doesn’t change near‑term fundamentals. Jim Cramer on DraftKings
• Neutral Sentiment: Analyst coverage is mixed: some price‑target cuts and some upgrades, leaving consensus in the “moderate buy” range but with wide dispersion — increases headline volatility. Analysts Offer Insights
• Negative Sentiment: Insider selling — R. Stanton Dodge sold 52,777 shares (~$1.69M at ~$32.01) on Jan. 20; the repeated, sizable disposals may add short‑term selling pressure and raise sentiment concerns despite his remaining stake. Insider Selling: DraftKings Insider Sells 52,777 Shares
• Negative Sentiment: Underlying headwinds — recent quarterly revenue and EPS misses, trading below the 200‑day moving average, and elevated leverage/margin risk keep the stock vulnerable to further downside on weak near‑term results or event outcomes. MarketWatch: Stock Falls

About DraftKings

DraftKings Inc is a leading digital sports entertainment and gaming company specializing in daily fantasy sports, sports betting and iGaming products. The company provides an integrated platform where users can participate in daily fantasy contests, place wagers on professional sports events, and enjoy a range of online casino-style games. DraftKings’ proprietary technology supports real-time odds, live scoring and advanced analytics to enhance the user experience across mobile and desktop applications.

Founded in 2012 by co-founders Jason Robins, Matthew Kalish and Paul Liberman, DraftKings began as a daily fantasy sports provider and rapidly expanded into regulated sports betting following legislative changes in the United States.