Alberta Investment Management Corp Invests $1.61 Million in DraftKings Inc. $DKNG

Alberta Investment Management Corp purchased a new position in DraftKings Inc. (NASDAQ:DKNG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 43,000 shares of the company’s stock, valued at approximately $1,608,000.

Other hedge funds have also bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of DraftKings during the third quarter valued at approximately $33,000. Atlantic Union Bankshares Corp bought a new stake in shares of DraftKings in the 2nd quarter worth approximately $45,000. AlphaQuest LLC purchased a new stake in shares of DraftKings in the 3rd quarter worth approximately $41,000. Delos Wealth Advisors LLC bought a new position in DraftKings during the 2nd quarter valued at approximately $47,000. Finally, TD Private Client Wealth LLC increased its position in DraftKings by 45.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,165 shares of the company’s stock valued at $44,000 after buying an additional 365 shares in the last quarter. Institutional investors own 37.70% of the company’s stock.

DraftKings Stock Down 3.1%

DKNG opened at $22.49 on Friday. The stock has a market capitalization of $11.09 billion, a price-to-earnings ratio of -562.25, a PEG ratio of 0.46 and a beta of 1.67. The firm has a 50 day moving average price of $31.22 and a 200-day moving average price of $35.64. DraftKings Inc. has a twelve month low of $21.01 and a twelve month high of $50.50. The company has a quick ratio of 1.09, a current ratio of 1.03 and a debt-to-equity ratio of 2.91.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Texas Capital raised DraftKings to a “hold” rating in a research note on Thursday, January 8th. Morgan Stanley upped their price target on shares of DraftKings from $50.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Sanford C. Bernstein set a $28.00 price objective on shares of DraftKings in a research report on Monday. BTIG Research reduced their price objective on shares of DraftKings from $45.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $42.00 target price on shares of DraftKings in a research note on Friday, February 13th. Twenty-four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, DraftKings presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.89.

Key Headlines Impacting DraftKings

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Director Harry Sloan bought 100,000 shares at about $21.85, increasing his stake ~40% — a material insider purchase that can signal management confidence and support demand under the stock. Harry Sloan Acquires 100,000 Shares of DraftKings (NASDAQ:DKNG) Stock
• Positive Sentiment: Barclays reiterated a Buy, offering institutional validation that may attract buyers despite mixed Street sentiment. DraftKings (DKNG) Gets a Buy from Barclays
• Neutral Sentiment: DraftKings and FanDuel are weighing a launch in Arkansas; entry could add growth but the state’s strict revenue‑sharing model may limit near‑term margin/earnings impact. FanDuel and DraftKings eye Arkansas sports betting launch despite strict revenue-sharing model
• Negative Sentiment: Multiple brokers cut price targets after Q4 2025 results and a reduced FY2026 revenue outlook — Needham cut its PT to $35 (from $52), JPMorgan to $32, Oppenheimer to $35, Mizuho to $44 and others issued lower targets or more cautious commentary. These cuts lower near‑term upside expectations and are the main driver of today’s weakness. Needham Lowers DraftKings (DKNG) PT to $35 Following Earnings Miss, Reduced Revenue Outlook
• Negative Sentiment: Broader Street skepticism (Goldman, Citi, Truist flagged downside/pessimism) and negative commentary pieces are pressuring retail sentiment and may amplify selling into the weaker technicals (stock near its 52‑week low and below 50/200‑day averages). The Goldman Sachs Group Issues Pessimistic Forecast for DraftKings (NASDAQ:DKNG) Stock Price

Insider Buying and Selling at DraftKings

In other news, Director Harry Sloan bought 100,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were bought at an average price of $21.85 per share, with a total value of $2,185,000.00. Following the completion of the acquisition, the director owned 350,219 shares in the company, valued at $7,652,285.15. The trade was a 39.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider R Stanton Dodge sold 52,777 shares of the firm’s 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 completion of the transaction, the insider directly owned 500,000 shares in the company, valued at $16,005,000. The trade was a 9.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 51.19% of the stock is owned by corporate insiders.

DraftKings Company Profile

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.