DraftKings Inc. $DKNG Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group grew its stake in DraftKings Inc. (NASDAQ:DKNG) by 7.5% during the 3rd quarter, Holdings Channel reports. The fund owned 822,106 shares of the company’s stock after acquiring an additional 57,333 shares during the period. Schroder Investment Management Group’s holdings in DraftKings were worth $30,747,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Ameriflex Group Inc. increased its position in DraftKings by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 810 shares of the company’s stock worth $30,000 after purchasing an additional 405 shares in the last quarter. Root Financial Partners LLC purchased a new position in DraftKings in the 3rd quarter valued at about $33,000. AlphaQuest LLC purchased a new position in DraftKings in the 3rd quarter valued at about $41,000. TD Private Client Wealth LLC boosted its stake in shares of 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. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of DraftKings during the 2nd quarter worth about $45,000. Institutional investors and hedge funds own 37.70% of the company’s stock.

Analyst Upgrades and Downgrades

DKNG has been the subject of a number of analyst reports. Northland Securities set a $24.00 price objective on shares of DraftKings in a research report on Tuesday, February 17th. JPMorgan Chase & Co. decreased their target price on shares of DraftKings from $41.00 to $32.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 17th. Zacks Research cut shares of DraftKings from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Benchmark reiterated a “buy” rating on shares of DraftKings in a report on Tuesday, March 3rd. Finally, Stifel Nicolaus reduced their price target on DraftKings from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Twenty-five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, DraftKings currently has a consensus rating of “Moderate Buy” and an average target price of $37.19.

DraftKings Trading Up 1.7%

NASDAQ DKNG opened at $25.57 on Thursday. The company has a market cap of $12.61 billion, a P/E ratio of -639.25, a P/E/G ratio of 1.03 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 debt-to-equity ratio of 2.91, a current ratio of 1.03 and a quick ratio of 1.03. The company has a 50-day moving average of $28.26 and a 200-day moving average of $33.55.

DraftKings News Summary

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: DraftKings is rolling out a prediction‑markets product (“DraftKings Predictions”) with integrations across ESPN and NBCUniversal, which could broaden engagement and add a new revenue stream that leverages its sportsbook customer base. This product push is a clear strategic catalyst for growth.
• Positive Sentiment: DraftKings launched a unified “super app” that combines betting and content; media coverage says the app is creating buzz and could increase customer engagement and cross‑sell. Read More.
• Positive Sentiment: Short interest has come down from mid‑February levels (reported ~32.1M shares after a ~16.9% drop), reducing some short‑pressure risk and lowering the potential for future squeezes to drive volatility.
• Neutral Sentiment: Brokerage/analyst attention is elevated: multiple writeups note brokers view DKNG as a buy on average, and several stories are re‑examining valuation after mixed short‑term performance — this keeps DraftKings in investors’ screens but may produce mixed trading reactions. Read More.
• Neutral Sentiment: Coverage and search interest spikes (Zacks/MarketBeat summaries) increase visibility; that can amplify both inflows and volatility without guaranteeing direction. Read More.
• Negative Sentiment: Headwinds remain: DKNG is still well below its 50‑ and 200‑day moving averages and is down materially year‑to‑date, valuation metrics remain stretched for a cash‑burning company (negative PE, elevated debt/equity), so upside depends on execution and sustained margin improvement.

Insider Buying and Selling

In related news, Director Harry Sloan purchased 100,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were bought at an average price of $21.85 per share, with a total value of $2,185,000.00. Following the completion of the purchase, the director directly owned 350,219 shares in the company, valued at approximately $7,652,285.15. This trade represents a 39.96% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider R Stanton Dodge sold 52,777 shares of DraftKings stock in a transaction on 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 transaction, the insider owned 500,000 shares in the company, valued at approximately $16,005,000. This trade represents a 9.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 62,928 shares of company stock valued at $1,923,728. Insiders own 51.19% 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.