Baillie Gifford & Co. Cuts Stock Holdings in DraftKings Inc. $DKNG

Baillie Gifford & Co. reduced its position in DraftKings Inc. (NASDAQ:DKNG) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,687,841 shares of the company’s stock after selling 243,422 shares during the quarter. Baillie Gifford & Co.’s holdings in DraftKings were worth $287,525,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in DraftKings by 1,996.2% during the 3rd quarter. Nordea Investment Management AB now owns 421,127 shares of the company’s stock valued at $16,205,000 after acquiring an additional 401,037 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of DraftKings by 1.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,473,099 shares of the company’s stock valued at $279,494,000 after purchasing an additional 79,152 shares during the period. Helios Capital Management PTE. Ltd. increased its holdings in shares of DraftKings by 926.0% in the second quarter. Helios Capital Management PTE. Ltd. now owns 114,000 shares of the company’s stock valued at $4,889,000 after purchasing an additional 102,889 shares during the period. Claro Advisors LLC raised its stake in shares of DraftKings by 121.4% during the second quarter. Claro Advisors LLC now owns 39,915 shares of the company’s stock worth $1,712,000 after purchasing an additional 21,890 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of DraftKings by 10.0% during the second quarter. Swiss National Bank now owns 1,361,964 shares of the company’s stock worth $58,415,000 after purchasing an additional 124,200 shares during the period. Hedge funds and other institutional investors own 37.70% of the company’s stock.

DraftKings Price Performance

DKNG stock opened at $29.97 on Friday. The firm has a 50 day moving average of $33.55 and a 200-day moving average of $37.98. The company has a market cap of $14.92 billion, a price-to-earnings ratio of -52.58, a PEG ratio of 0.64 and a beta of 1.63. 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 Inc. has a 12-month low of $26.23 and a 12-month high of $53.61.

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

More 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

Insider Transactions at DraftKings

In related news, insider R Stanton Dodge sold 52,777 shares of the stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $32.01, for a total value of $1,689,391.77. Following the sale, the insider directly owned 500,000 shares of the company’s stock, valued at approximately $16,005,000. This represents a 9.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Alan Wayne Ellingson sold 8,421 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $29.23, for a total transaction of $246,145.83. Following the transaction, the chief financial officer owned 126,990 shares of the company’s stock, valued at $3,711,917.70. This trade represents a 6.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 166,752 shares of company stock worth $5,252,044 over the last ninety days. 51.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Susquehanna dropped their price objective on shares of DraftKings from $59.00 to $48.00 and set a “positive” rating on the stock in a research note on Monday, November 10th. Morgan Stanley boosted their price target on shares of DraftKings from $50.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Barclays cut their price target on shares of DraftKings from $54.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, November 10th. JMP Securities lowered their price objective on DraftKings from $54.00 to $51.00 and set a “market outperform” rating on the stock in a report on Wednesday, October 1st. Finally, Mizuho dropped their target price on DraftKings from $54.00 to $46.00 and set an “outperform” rating on the stock in a research report on Thursday, November 13th. Twenty-four equities 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.10.

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.