DraftKings Inc. $DKNG Shares Sold by Andra AP fonden

Andra AP fonden decreased its position in shares of DraftKings Inc. (NASDAQ:DKNG) by 86.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,497 shares of the company’s stock after selling 40,503 shares during the period. Andra AP fonden’s holdings in DraftKings were worth $243,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DKNG. Integrated Wealth Concepts LLC grew its position in shares of DraftKings by 5.9% during the first quarter. Integrated Wealth Concepts LLC now owns 9,460 shares of the company’s stock worth $314,000 after acquiring an additional 524 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 purchasing an additional 40,495 shares during the period. Empowered Funds LLC grew its position in DraftKings by 18.0% during the 1st quarter. Empowered Funds LLC now owns 9,115 shares of the company’s stock worth $303,000 after purchasing an additional 1,391 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in DraftKings during the 2nd quarter worth $603,000. Finally, Wealthfront Advisers LLC increased its stake in DraftKings by 5.1% in the second quarter. Wealthfront Advisers LLC now owns 7,630 shares of the company’s stock valued at $327,000 after purchasing an additional 367 shares during the period. Hedge funds and other institutional investors own 37.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Needham & Company LLC cut their price target on DraftKings from $52.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Berenberg Bank set a $26.40 price objective on shares of DraftKings in a research note on Tuesday, February 24th. BMO Capital Markets restated an “outperform” rating and set a $42.00 price objective on shares of DraftKings in a research report on Friday, February 13th. Sanford C. Bernstein set a $28.00 target price on shares of DraftKings in a research note on Monday, February 16th. Finally, Barclays dropped their price target on shares of DraftKings from $44.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 17th. Twenty-four investment 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.76.

DraftKings News Summary

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Arkansas sportsbook license approved — DraftKings secured licensure from the Arkansas Racing Commission to operate its online sportsbook on behalf of Southland Casino Hotel, opening access to ~2 million additional adults and enabling a pending launch once final approvals clear. DraftKings Secures License in Arkansas
• Positive Sentiment: U.S. footprint expands to 30 states — Coverage/market-access reporting highlights that DraftKings now reaches 30 U.S. states, which supports long-term top-line growth prospects from sportsbook and cross-sell opportunities. DraftKings Is Coming to Arkansas
• Neutral Sentiment: Heightened investor attention — Multiple outlets (Zacks, Yahoo) note increased interest from investors and pageviews, which can amplify intraday moves but is not inherently directional. Zacks: DraftKings Attracting Attention
• Neutral Sentiment: Sector/strategy context — Discussion of prediction-market themes and longer-term reassessment pieces frame DraftKings as part of a larger opportunity set; useful for strategic investors but not an immediate catalyst. Fool: Prediction Market Stocks
• Neutral Sentiment: Short-interest data for February shows inconsistent/zeroed figures in public feeds — the data release looks unreliable and doesn’t provide a clear short-pressure signal today. (No link — internal data)
• Negative Sentiment: Class-action lawsuit advances in Massachusetts — A consumer-protection suit challenging how DraftKings ran and disclosed certain high-profile promotions was allowed to proceed on most claims toward class certification and trial, adding legal and reputational risk that could pressure shares. Yahoo: DraftKings Lawsuit Raises Questions
• Negative Sentiment: Analyst price-target trimmed — BTIG lowered its target from $37 to $35 but kept a buy rating; the cut is mildly negative sentiment-wise even though upside remains. Benzinga: BTIG Lowers Target

Insiders Place Their Bets

In other DraftKings news, Director Harry Sloan purchased 100,000 shares of DraftKings stock in a transaction that occurred on Tuesday, February 17th. The stock was purchased 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 of the company’s stock, valued at approximately $7,652,285.15. This trade represents a 39.96% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider R Stanton Dodge sold 52,777 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $32.01, for a total transaction of $1,689,391.77. Following the transaction, the insider directly owned 500,000 shares of the company’s stock, valued at approximately $16,005,000. This represents a 9.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 47.08% of the stock is currently owned by company insiders.

DraftKings Price Performance

DKNG stock opened at $23.84 on Monday. The stock has a 50-day moving average price of $29.79 and a two-hundred day moving average price of $34.62. The company has a market cap of $11.75 billion, a PE ratio of -596.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.67. DraftKings Inc. has a 12-month low of $21.01 and a 12-month high of $48.78. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.91.

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.