Mn Services Vermogensbeheer B.V. Reduces Stake in DraftKings Inc. $DKNG

Mn Services Vermogensbeheer B.V. cut its position in shares of DraftKings Inc. (NASDAQ:DKNG) by 51.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,900 shares of the company’s stock after selling 86,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in DraftKings were worth $3,063,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in shares of DraftKings during the 3rd quarter worth $33,000. TD Private Client Wealth LLC increased its holdings in DraftKings by 54.4% during the 2nd quarter. TD Private Client Wealth LLC now owns 800 shares of the company’s stock valued at $34,000 after acquiring an additional 282 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in DraftKings during the second quarter worth about $45,000. Delos Wealth Advisors LLC purchased a new stake in shares of DraftKings in the second quarter valued at about $47,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of DraftKings in the second quarter valued at about $48,000. Institutional investors and hedge funds own 37.70% of the company’s stock.

Key DraftKings News

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Benchmark reaffirmed a Buy and left its $37 price target unchanged, signaling an ~18% near‑term upside vs. current levels and providing buy‑side support despite regional softness. Why Benchmark Is Staying Bullish
• Positive Sentiment: Bull case from independent research argues new prediction‑market features aren’t a material competitive threat, cites improving hold, margins and user metrics, and models DKNG at a higher forward multiple — a constructive fundamental view for longer‑term holders. Are Prediction Markets Really A Threat To DraftKings?
• Positive Sentiment: MarketBeat highlights the Super Bowl as a near‑term revenue catalyst (higher betting volume/parlay mix), which could drive a quick rebound if sports outcomes normalize. The Super Bowl Catalyst
• Neutral Sentiment: Media/TV commentary (Jim Cramer) reiterates state expansion (Texas, California, Florida) as the strategic upside requirement — keeps regulatory rollout on investors’ radars but doesn’t change near‑term fundamentals. Jim Cramer on DraftKings
• Neutral Sentiment: Analyst coverage is mixed: some price‑target cuts and some upgrades, leaving consensus in the “moderate buy” range but with wide dispersion — increases headline volatility. Analysts Offer Insights
• Negative Sentiment: Insider selling — R. Stanton Dodge sold 52,777 shares (~$1.69M at ~$32.01) on Jan. 20; the repeated, sizable disposals may add short‑term selling pressure and raise sentiment concerns despite his remaining stake. Insider Selling: DraftKings Insider Sells 52,777 Shares
• Negative Sentiment: Underlying headwinds — recent quarterly revenue and EPS misses, trading below the 200‑day moving average, and elevated leverage/margin risk keep the stock vulnerable to further downside on weak near‑term results or event outcomes. MarketWatch: Stock Falls

Wall Street Analyst Weigh In

DKNG has been the subject of several research reports. Benchmark restated a “buy” rating on shares of DraftKings in a research report on Monday, January 12th. JMP Securities dropped their price target on DraftKings from $54.00 to $51.00 and set a “market outperform” rating for the company in a research report on Wednesday, October 1st. Macquarie reduced their price objective on DraftKings from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, November 10th. Bank of America lowered DraftKings from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $48.00 to $35.00 in a research note on Tuesday, November 4th. Finally, Truist Financial cut their target price on shares of DraftKings from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Twenty-four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, DraftKings presently has an average rating of “Moderate Buy” and an average target price of $47.10.

DraftKings Stock Performance

DraftKings stock opened at $29.97 on Monday. The firm has a market capitalization of $14.92 billion, a P/E ratio of -52.58, a PEG ratio of 0.61 and a beta of 1.63. The stock has a fifty day moving average price of $33.55 and a 200 day moving average price of $37.91. DraftKings Inc. has a 52 week low of $26.23 and a 52 week high of $53.61. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 2.51.

DraftKings (NASDAQ:DKNG) last issued its quarterly earnings results on Friday, November 7th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.27). DraftKings had a negative return on equity of 22.84% and a negative net margin of 4.90%.The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business posted ($0.60) earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that DraftKings Inc. will post 0.64 earnings per share for the current year.

Insider Activity at DraftKings

In related news, insider R Stanton Dodge sold 52,777 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $16,005,000. This represents a 9.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory Westin Wendt purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was bought at an average price of $30.27 per share, for a total transaction of $302,700.00. Following the acquisition, the director owned 10,000 shares in the company, valued at $302,700. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 166,752 shares of company stock valued at $5,252,044 in the last ninety days. 47.08% of the stock is owned by company insiders.

DraftKings 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.