70,000 Shares in DraftKings Inc. $DKNG Acquired by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. purchased a new position in shares of DraftKings Inc. (NASDAQ:DKNG) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 70,000 shares of the company’s stock, valued at approximately $2,412,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of DraftKings by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 44,758,204 shares of the company’s stock worth $1,542,368,000 after buying an additional 1,354,457 shares during the last quarter. Capital World Investors increased its stake in DraftKings by 181.4% in the fourth quarter. Capital World Investors now owns 18,626,429 shares of the company’s stock valued at $641,867,000 after purchasing an additional 12,008,357 shares in the last quarter. Viking Global Investors LP bought a new stake in DraftKings in the third quarter valued at approximately $561,125,000. AQR Capital Management LLC increased its stake in DraftKings by 63.5% in the third 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 in the last quarter. Finally, Geode Capital Management LLC increased its stake in DraftKings by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 9,494,860 shares of the company’s stock valued at $326,394,000 after purchasing an additional 192,160 shares in the last quarter. 37.70% of the stock is owned by institutional investors.

Insider Buying and Selling at DraftKings

In other news, Director Woodrow Levin sold 34,234 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $25.71, for a total value of $880,156.14. Following the completion of the transaction, the director owned 29,820 shares in the company, valued at $766,672.20. This represents a 53.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 47.18% of the stock is owned by company insiders.

DraftKings News Summary

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: DraftKings’ Predictions platform showed strong May growth, with annualized volume climbing to $3.1 billion, reinforcing the case for a new growth driver. DKNG Bulls Are Eyeing A Breakout After Strongest Weekly Rally In 16 Months – But JPMorgan Says One Major Gap Remains
• Positive Sentiment: Analysts are calling DraftKings a potential beneficiary of the 2026 FIFA World Cup, which could lift betting volume and user engagement. Intel surges on rare double upgrade, DraftKings scores ahead of World Cup
• Positive Sentiment: Heavy call-option activity signals bullish trader positioning and expectations for continued near-term upside. DraftKings Hits the Jackpot With Super App Pivot
• Neutral Sentiment: JPMorgan said DraftKings’ May operational data showed progress, but not enough to confirm immediate upside yet. DKNG Bulls Are Eyeing A Breakout After Strongest Weekly Rally In 16 Months – But JPMorgan Says One Major Gap Remains
• Neutral Sentiment: UBS reiterated a Buy rating, adding to generally supportive sell-side sentiment. UBS Remains a Buy on DraftKings (DKNG)

Wall Street Analysts Forecast Growth

DKNG has been the subject of several recent analyst reports. Mizuho upped their target price on shares of DraftKings from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Moffett Nathanson downgraded shares of DraftKings from a “buy” rating to a “neutral” rating and lowered their target price for the company from $38.00 to $27.00 in a research note on Friday, April 24th. Freedom Capital raised shares of DraftKings to a “strong-buy” rating in a research note on Wednesday, May 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of DraftKings in a research note on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of DraftKings from a “hold” rating to a “hold” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.21.

DraftKings Stock Up 4.3%

DraftKings stock opened at $30.02 on Friday. The stock has a market capitalization of $14.89 billion, a PE ratio of 500.33 and a beta of 1.66. DraftKings Inc. has a twelve month low of $20.46 and a twelve month high of $48.78. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.03. The company has a 50 day moving average of $24.34 and a 200-day moving average of $27.56.

DraftKings (NASDAQ:DKNG) last released its quarterly earnings results on Friday, May 8th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. DraftKings had a net margin of 0.93% and a return on equity of 13.51%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.07) EPS. On average, equities research analysts anticipate that DraftKings Inc. will post 0.6 EPS for the current fiscal year.

About DraftKings

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.