DraftKings Inc. $DKNG Shares Acquired by Citigroup Inc.

Citigroup Inc. grew its holdings in shares of DraftKings Inc. (NASDAQ:DKNG) by 40.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,939,764 shares of the company’s stock after buying an additional 560,139 shares during the period. Citigroup Inc. owned 0.39% of DraftKings worth $72,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. IHT Wealth Management LLC lifted its position in DraftKings by 4.1% during the 2nd quarter. IHT Wealth Management LLC now owns 6,271 shares of the company’s stock worth $269,000 after acquiring an additional 248 shares during the period. Geneos Wealth Management Inc. grew its holdings in DraftKings by 7.3% in the third quarter. Geneos Wealth Management Inc. now owns 4,793 shares of the company’s stock valued at $179,000 after purchasing an additional 328 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of DraftKings by 3.6% in the second quarter. Valeo Financial Advisors LLC now owns 10,009 shares of the company’s stock valued at $429,000 after purchasing an additional 348 shares in the last quarter. Huntleigh Advisors Inc. raised its holdings in shares of DraftKings by 0.8% in the third quarter. Huntleigh Advisors Inc. now owns 43,630 shares of the company’s stock worth $1,632,000 after acquiring an additional 363 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in DraftKings by 45.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,165 shares of the company’s stock valued at $44,000 after purchasing an additional 365 shares in the last quarter. 37.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Morgan Stanley boosted their price target on DraftKings from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Guggenheim set a $37.00 target price on shares of DraftKings in a research report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft set a $26.00 price objective on DraftKings in a research note on Tuesday, February 17th. Truist Financial dropped their price target on DraftKings from $45.00 to $33.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Finally, Texas Capital upgraded shares of DraftKings to a “hold” rating in a research report on Thursday, January 8th. Twenty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.89.

DraftKings News Roundup

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Director Harry Sloan bought 100,000 shares (~$2.185M), increasing his stake ~40% — a strong insider signal that can bolster investor confidence. Harry Sloan SEC filing
• Positive Sentiment: Barclays published a buy rating on DraftKings, providing institutional validation that likely helped limit the selloff. Barclays buy note
• Neutral Sentiment: Regulatory/market expansion note — FanDuel and DraftKings are exploring a launch in Arkansas; potential new-state entry is positive for long-term growth but timing and economics remain uncertain. Arkansas launch coverage
• Neutral Sentiment: Short-interest posts in recent feeds show zero/invalid values (data glitch), so short-interest signals aren’t currently informative for today’s move. (Reported days-to-cover = 0.0.)
• Negative Sentiment: Multiple major brokers trimmed price targets (Needham, Oppenheimer, JPMorgan, Citi, Truist, Mizuho and others), with Needham cutting its PT to $35 after a Q4 earnings miss and weaker FY26 revenue guidance — this raises near-term downside pressure. Needham PT cut
• Negative Sentiment: Zacks added DKNG to its Rank #5 (Strong Sell) list, a headline that can trigger short-term selling from momentum and quant funds. Zacks strong sell list
• Negative Sentiment: Insider selling by CAO Erik Bradbury (7,268 shares) was disclosed; while small versus the Sloan buy, insider sales can be interpreted as mixed insider signals and add to bearish headlines. Bradbury SEC filing

DraftKings Stock Down 0.8%

Shares of DraftKings stock opened at $22.31 on Monday. DraftKings Inc. has a 12-month low of $21.01 and a 12-month high of $49.59. The firm has a market capitalization of $11.00 billion, a PE ratio of -557.75, a price-to-earnings-growth ratio of 0.92 and a beta of 1.67. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.91. The stock’s fifty day moving average is $30.95 and its 200-day moving average is $35.34.

Insider Buying and Selling

In other news, Director Harry Sloan bought 100,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average cost of $21.85 per share, with a total value of $2,185,000.00. Following the completion of the transaction, the director directly owned 350,219 shares in the company, valued at approximately $7,652,285.15. The trade was a 39.96% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Erik Bradbury sold 7,268 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $22.50, for a total transaction of $163,530.00. Following the sale, the chief accounting officer owned 36,736 shares in the company, valued at $826,560. This represents a 16.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 112,822 shares of company stock valued at $3,638,895. 47.08% of the stock is owned by corporate insiders.

DraftKings 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.