Stableford Capital II LLC purchased a new position in shares of DraftKings Inc. (NASDAQ:DKNG – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 71,849 shares of the company’s stock, valued at approximately $2,476,000. DraftKings comprises about 0.9% of Stableford Capital II LLC’s portfolio, making the stock its 29th largest position.
Several other hedge funds have also recently bought and sold shares of the company. First Bank & Trust grew its position in DraftKings by 72.6% in the 4th quarter. First Bank & Trust now owns 24,265 shares of the company’s stock worth $836,000 after purchasing an additional 10,208 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in shares of DraftKings by 11.2% during the fourth quarter. DAVENPORT & Co LLC now owns 3,456,735 shares of the company’s stock valued at $119,602,000 after buying an additional 348,333 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of DraftKings by 1,819.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 330,565 shares of the company’s stock worth $11,391,000 after buying an additional 313,339 shares during the period. Dynamic Advisor Solutions LLC boosted its position in shares of DraftKings by 3.1% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 19,216 shares of the company’s stock worth $662,000 after buying an additional 570 shares during the period. Finally, Dagco Inc. bought a new position in DraftKings in the 4th quarter worth approximately $26,000. 37.70% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price target on DraftKings from $41.00 to $32.00 and set an “overweight” rating on the stock in a report on Tuesday, February 17th. Morgan Stanley reduced their price objective on shares of DraftKings from $53.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, February 24th. Northland Securities set a $24.00 target price on shares of DraftKings in a research report on Tuesday, February 17th. Weiss Ratings restated a “sell (d-)” rating on shares of DraftKings in a research report on Wednesday, January 21st. Finally, BTIG Research reiterated a “buy” rating and issued a $35.00 price objective on shares of DraftKings in a report on Monday. Twenty-five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $37.09.
Insider Activity
In other news, Director Jocelyn Moore sold 2,150 shares of DraftKings stock in a transaction on Friday, March 13th. The stock was sold at an average price of $25.60, for a total transaction of $55,040.00. Following the transaction, the director owned 1,406 shares in the company, valued at approximately $35,993.60. The trade was a 60.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul Liberman sold 484,417 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $25.16, for a total value of $12,187,931.72. Following the transaction, the insider directly owned 213,597 shares in the company, valued at $5,374,100.52. The trade was a 69.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 549,495 shares of company stock worth $14,166,700. 51.19% of the stock is owned by corporate insiders.
DraftKings Price Performance
DKNG stock opened at $21.27 on Friday. DraftKings Inc. has a one year low of $20.89 and a one year high of $48.78. The firm has a 50-day moving average of $25.85 and a two-hundred day moving average of $31.86. The firm has a market capitalization of $10.49 billion, a PE ratio of -531.75, a P/E/G ratio of 0.86 and a beta of 1.67. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.91.
Key Headlines Impacting DraftKings
Here are the key news stories impacting DraftKings this week:
- Positive Sentiment: ESPN account-linking could increase user engagement and cross-sell between Disney/ESPN audiences and DraftKings’ sportsbook, giving DraftKings a clearer user-acquisition path and longer-term revenue upside. How Will DraftKings (DKNG) Benefit From ESPN Account Linking
- Positive Sentiment: Wall Street coverage remains broadly constructive with many buy/outperform ratings and a median analyst target well above the current price, providing potential support if headlines stabilize. DraftKings slips as NCAA trademark lawsuit adds legal overhang during tournament season
- Neutral Sentiment: Technical setup: chart analysts note DKNG has been in a multi‑week downtrend, trading well below key moving averages — a technical headwind that can amplify selling pressure while the trend persists. DraftKings Stock Is Trending Today: What Does The Chart Say?
- Neutral Sentiment: General investor interest/education pieces (how-to-buy, reviews) are circulating — useful for new inflows but not immediate catalysts. How to Buy DraftKings Stock (DKNG) in 2026
- Negative Sentiment: NCAA trademark lawsuit: the NCAA seeks emergency relief to block DraftKings’ use of tournament trademarks (e.g., “March Madness”), creating marketing and promotional uncertainty during peak betting season. DraftKings slips as NCAA trademark lawsuit adds legal overhang during tournament season
- Negative Sentiment: Regulatory risk: recent Senate bill talk and proposed limits on prediction markets have triggered investor concern about the addressable market and product offerings, contributing to sharp intraday drops reported by several outlets. Senate Betting Bill Hits DraftKings Hard: DKNG Falls 6% While Penn Entertainment Holds Its Ground
- Negative Sentiment: Litigation/investor investigations and investor rotation: a new Scott+Scott investor alert alleges potential fiduciary breaches by directors/officers (heightening legal overhang) while filings show notable insider sales and large institutional rebalancings that can pressure the stock. DRAFTKINGS INC. INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates DraftKings Inc.’s Directors and Officers for Breach of Fiduciary Duties – DKNG
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.
Further Reading
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