WINTON GROUP Ltd Invests $1.37 Million in DraftKings Inc. $DKNG

WINTON GROUP Ltd purchased a new stake in DraftKings Inc. (NASDAQ:DKNG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 36,594 shares of the company’s stock, valued at approximately $1,369,000.

Several other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in DraftKings by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 43,761,344 shares of the company’s stock valued at $1,876,924,000 after purchasing an additional 670,884 shares during the period. Geode Capital Management LLC raised its position in shares of DraftKings by 5.4% during the 2nd quarter. Geode Capital Management LLC now owns 9,014,088 shares of the company’s stock valued at $385,552,000 after acquiring an additional 458,452 shares during the last quarter. Norges Bank bought a new position in shares of DraftKings in the 2nd quarter worth $362,554,000. Massachusetts Financial Services Co. MA boosted its position in shares of DraftKings by 1.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,473,099 shares of the company’s stock worth $279,494,000 after purchasing an additional 79,152 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of DraftKings by 52.2% during the second quarter. AQR Capital Management LLC now owns 7,147,665 shares of the company’s stock worth $306,563,000 after purchasing an additional 2,451,421 shares during the period. Institutional investors own 37.70% of the company’s stock.

Trending Headlines about DraftKings

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 other DraftKings news, Director Harry Sloan acquired 100,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average price of $21.85 per share, with a total value of $2,185,000.00. Following the completion of the transaction, the director directly owned 350,219 shares in the company, valued at $7,652,285.15. This trade represents a 39.96% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider R Stanton Dodge sold 52,777 shares of the firm’s 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 directly owned 500,000 shares of the company’s stock, 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 sold 62,928 shares of company stock worth $1,923,728. 51.19% of the stock is owned by corporate insiders.

DraftKings Trading Up 1.7%

DKNG opened at $25.57 on Thursday. The stock has a market capitalization 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. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.91. DraftKings Inc. has a 12 month low of $21.01 and a 12 month high of $48.78. The firm’s fifty day simple moving average is $28.26 and its 200 day simple moving average is $33.55.

Analysts Set New Price Targets

Several research firms have weighed in on DKNG. Susquehanna set a $33.00 target price on DraftKings in a research note on Tuesday, February 17th. Berenberg Bank set a $26.40 price target on DraftKings in a research note on Tuesday, February 24th. BMO Capital Markets increased their price target on shares of DraftKings from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of DraftKings in a research note on Wednesday, January 21st. Finally, Zacks Research downgraded shares of DraftKings from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Twenty-five 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $37.19.

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.