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

Baillie Gifford & Co. lessened its holdings in shares of DraftKings Inc. (NASDAQ:DKNG) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,454,948 shares of the company’s stock after selling 232,893 shares during the period. Baillie Gifford & Co. owned approximately 1.50% of DraftKings worth $256,898,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DKNG. Viking Global Investors LP purchased a new stake in shares of DraftKings during the 3rd quarter valued at $561,125,000. AQR Capital Management LLC lifted its holdings in shares of DraftKings by 63.5% during the 3rd quarter. AQR Capital Management LLC now owns 11,685,672 shares of the company’s stock valued at $437,044,000 after purchasing an additional 4,538,007 shares during the last quarter. Eminence Capital LP lifted its holdings in shares of DraftKings by 31.9% during the 3rd quarter. Eminence Capital LP now owns 6,274,863 shares of the company’s stock valued at $234,680,000 after purchasing an additional 1,517,413 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of DraftKings by 208.8% during the 4th quarter. Nordea Investment Management AB now owns 1,300,308 shares of the company’s stock valued at $45,329,000 after purchasing an additional 879,181 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of DraftKings by 40.6% during the 3rd quarter. Citigroup Inc. now owns 1,939,764 shares of the company’s stock valued at $72,547,000 after purchasing an additional 560,139 shares during the last quarter. Hedge funds and other institutional investors own 37.70% of the company’s stock.

Key Stories Impacting DraftKings

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Analysts maintain a consensus “Moderate Buy” rating, which provides some institutional support for the shares. DraftKings Inc. (NASDAQ:DKNG) Receives Consensus Recommendation of “Moderate Buy” from Analysts
• Positive Sentiment: A Wells Fargo analyst reiterated expectations that DKNG’s stock could rise, offering a counterpoint to recent bearish headlines. DraftKings (NASDAQ:DKNG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says
• Neutral Sentiment: A valuation piece highlights DraftKings’ large $6.1B revenue base but notes the stock has underperformed, framing the stock as a big but currently stressed operator. Assessing DraftKings (DKNG) Valuation As Shares Struggle Despite A US$6.1b Revenue Base
• Neutral Sentiment: 24/7 Wall St. publishes a near-term “hold” price target (~$24), signaling analysts see limited upside without clearer execution. DraftKings Price Prediction: Where The Stock Is Going This Year
• Neutral Sentiment: Short-interest data reported as zero appears to be a data anomaly and offers no clear signal on incremental bearish positioning. (Internal short-interest report)
• Neutral Sentiment: Market roundup pieces list DraftKings among movers, but they don’t add material fresh catalysts. G-III, DraftKings, Matthews, PVH, and Columbia Sportswear Shares Skyrocket, What You Need To Know
• Negative Sentiment: Investors are spooked by DraftKings’ heavy upfront investment in its Predictions product — tens of millions in costs with no 2026 revenue assumed — weighing on near-term margins and sentiment. DKNG’s Predictions Bet: Are Upfront Costs Clouding Near-Term Outlook?
• Negative Sentiment: Coverage reports the stock “cratered” intraday (~6% drop) as investors reacted to product-cost concerns, contributing to the recent drawdown. DraftKings Craters 6% as Predictions Product Costs Spook Investors
• Negative Sentiment: Opinion pieces urging investors to sell cite the stock’s sharp six‑month decline and softer results, increasing downside pressure from retail and momentum sellers. 3 Reasons to Sell DKNG and 1 Stock to Buy Instead
• Negative Sentiment: Regulatory risk: reports that Ohio is considering sports-betting limits add jurisdictional uncertainty that could cap growth in a meaningful US market. DraftKings stock falls as Ohio mulls sports betting limits

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company increased their price objective on DraftKings from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Stifel Nicolaus decreased their price objective on DraftKings from $44.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Morgan Stanley decreased their price objective on DraftKings from $53.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, February 24th. Argus downgraded DraftKings from a “buy” rating to a “hold” rating in a research report on Tuesday, March 17th. Finally, Mizuho cut their target price on DraftKings from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Twenty-five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.23.

DraftKings Price Performance

NASDAQ DKNG opened at $22.23 on Monday. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.03 and a quick ratio of 1.03. The stock’s fifty day moving average price is $23.99 and its 200 day moving average price is $30.00. DraftKings Inc. has a 1 year low of $20.46 and a 1 year high of $48.78. The company has a market cap of $11.02 billion, a price-to-earnings ratio of -555.75, a PEG ratio of 0.89 and a beta of 1.68.

Insider Activity at DraftKings

In other DraftKings news, insider Paul Liberman sold 484,417 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $25.16, for a total transaction of $12,187,931.72. Following the sale, the insider directly owned 213,597 shares of the company’s stock, valued at approximately $5,374,100.52. This trade represents a 69.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Erik Bradbury sold 2,883 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $24.56, for a total value of $70,806.48. Following the sale, the chief accounting officer directly owned 38,168 shares in the company, valued at $937,406.08. This represents a 7.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 549,495 shares of company stock worth $14,166,700 in the last three months. Company insiders own 47.18% of the company’s stock.

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.