Fox Run Management L.L.C. Raises Stock Holdings in DraftKings Inc. $DKNG

Fox Run Management L.L.C. increased its holdings in shares of DraftKings Inc. (NASDAQ:DKNG) by 245.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,213 shares of the company’s stock after buying an additional 30,709 shares during the period. Fox Run Management L.L.C.’s holdings in DraftKings were worth $1,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. IHT Wealth Management LLC lifted its position in shares of DraftKings by 4.1% in the second quarter. IHT Wealth Management LLC now owns 6,271 shares of the company’s stock valued at $269,000 after acquiring an additional 248 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in DraftKings by 7.3% in the 3rd 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 DraftKings by 3.6% in the 2nd 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. lifted its holdings in DraftKings by 0.8% in the 3rd quarter. Huntleigh Advisors Inc. now owns 43,630 shares of the company’s stock valued at $1,632,000 after purchasing an additional 363 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in DraftKings by 45.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,165 shares of the company’s stock worth $44,000 after purchasing an additional 365 shares during the last quarter. Institutional investors and hedge funds own 37.70% of the company’s stock.

Insider Activity

In other DraftKings news, Director Harry Sloan bought 100,000 shares of DraftKings stock in a transaction on Tuesday, February 17th. The stock was 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider R Stanton Dodge sold 52,777 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $32.01, for a total transaction of $1,689,391.77. Following the completion of the sale, the insider owned 500,000 shares of the company’s stock, valued at $16,005,000. This trade represents a 9.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 112,822 shares of company stock valued at $3,638,895 over the last quarter. Corporate insiders own 47.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Guggenheim set a $37.00 target price on DraftKings in a report on Tuesday, February 17th. Macquarie Infrastructure lowered their price objective on DraftKings from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday, November 10th. Mizuho cut their target price on DraftKings from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of DraftKings in a report on Wednesday, January 21st. Finally, Needham & Company LLC lowered their price target on shares of DraftKings from $52.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Twenty-four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.84.

DraftKings Stock Performance

Shares of DKNG opened at $22.37 on Wednesday. The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of -559.25, a price-to-earnings-growth ratio of 0.90 and a beta of 1.67. DraftKings Inc. has a 52-week low of $21.01 and a 52-week high of $48.78. 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 has a 50 day moving average price of $30.43 and a 200 day moving average price of $35.04.

DraftKings News Roundup

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: DraftKings expanded its online sportsbook to Puerto Rico, broadening its addressable market and revenue channels in a new jurisdiction. DraftKings Launches Online Sportsbook in Puerto Rico
• Positive Sentiment: Several bullish write-ups and analyst coverage (bull-case theses) are highlighting DKNG’s long-term growth potential, framing the company more as a diversified digital sports-entertainment platform than a pure sportsbook. This supports upside sentiment among growth investors. DraftKings Inc. (DKNG): A Bull Case Theory
• Neutral Sentiment: Analysts show mixed/conflicting views across consumer cyclical coverage; consensus remains tilted to “Buy” but opinions vary on timing and valuation, so analyst activity is creating both headline-driven interest and volatility. Analysts Have Conflicting Sentiments
• Neutral Sentiment: Analysts watching DraftKings’ Investor Day see TAM expansion opportunities and expect FY28 forecasting updates; that supports medium-term upside but leaves short-term sentiment tied to execution and guidance clarity. DraftKings Investor Day: Analyst Sees TAM Growth Potential
• Negative Sentiment: Management issued cautious 2026 guidance and flagged higher planned spending (prediction markets, new markets like Arkansas), which has raised valuation concerns and is a primary driver of near-term share weakness. A Look At DraftKings (DKNG) Valuation After Cautious 2026 Guidance
• Negative Sentiment: Insider activity is mixed: a company director made a sizable purchase but the Chief Accounting Officer sold shares—mixed signals that can rattle investor confidence when combined with guidance caution. DraftKings Insider Moves Frame Arkansas Expansion
• Negative Sentiment: Some analysts have trimmed price targets (e.g., Jefferies cut its target while keeping a Buy), reflecting uncertainty about growth vs. near-term margins and reinforcing downward pressure on the stock. Jefferies Thinks DraftKings Share Decline Is Nearing End, Keeps Buy Rating

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.