Roman Butler Fullerton & Co. Has $650,000 Holdings in DraftKings Inc. (NASDAQ:DKNG)

Roman Butler Fullerton & Co. lifted its position in shares of DraftKings Inc. (NASDAQ:DKNG) by 35.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,879 shares of the company’s stock after buying an additional 4,402 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in DraftKings were worth $650,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Whale Rock Capital Management LLC acquired a new stake in DraftKings in the second quarter worth $215,687,000. Two Sigma Investments LP acquired a new stake in DraftKings in the first quarter worth $102,351,000. Massachusetts Financial Services Co. MA acquired a new stake in DraftKings in the third quarter worth $107,276,000. Ameriprise Financial Inc. grew its holdings in DraftKings by 345.7% in the third quarter. Ameriprise Financial Inc. now owns 4,440,494 shares of the company’s stock worth $130,742,000 after purchasing an additional 3,444,107 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in DraftKings in the third quarter worth $91,790,000. 37.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DraftKings news, insider Jason Robins sold 200,000 shares of DraftKings stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $37.82, for a total value of $7,564,000.00. Following the sale, the insider now owns 3,815,698 shares of the company’s stock, valued at $144,309,698.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Paul Liberman sold 510,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $40.00, for a total value of $20,400,000.00. Following the sale, the insider now owns 2,291,406 shares of the company’s stock, valued at $91,656,240. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jason Robins sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $37.82, for a total transaction of $7,564,000.00. Following the completion of the sale, the insider now directly owns 3,815,698 shares in the company, valued at approximately $144,309,698.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,596,101 shares of company stock valued at $65,685,509. Company insiders own 51.19% of the company’s stock.

DraftKings Stock Performance

DKNG stock traded up $0.08 during mid-day trading on Thursday, hitting $42.29. The company had a trading volume of 2,495,601 shares, compared to its average volume of 11,747,244. The firm has a market cap of $36.65 billion, a PE ratio of -24.12 and a beta of 1.86. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.34 and a current ratio of 1.34. DraftKings Inc. has a 12 month low of $20.26 and a 12 month high of $49.57. The stock’s fifty day moving average price is $43.86 and its two-hundred day moving average price is $37.81.

DraftKings (NASDAQ:DKNG) last announced its quarterly earnings data on Friday, February 16th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.16). The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. DraftKings had a negative return on equity of 87.24% and a negative net margin of 21.88%. The business’s revenue was up 43.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.53) EPS. On average, analysts forecast that DraftKings Inc. will post -0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DKNG shares. Wells Fargo & Company raised their price target on shares of DraftKings from $39.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Oppenheimer raised their price target on shares of DraftKings from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. UBS Group lifted their price objective on shares of DraftKings from $44.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. BNP Paribas cut shares of DraftKings from a “neutral” rating to an “underperform” rating and set a $28.00 price objective for the company. in a report on Friday, January 19th. Finally, Bank Of America (Bofa) lifted their price objective on shares of DraftKings from $45.00 to $50.00 in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.93.

DraftKings Profile

DraftKings Inc operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators.