DraftKings Inc. (NASDAQ:DKNG) Shares Acquired by Tsfg LLC


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Tsfg LLC increased its stake in DraftKings Inc. (NASDAQ:DKNG) by 26.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,310 shares of the company’s stock after buying an additional 490 shares during the quarter. Tsfg LLC’s holdings in DraftKings were worth $142,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in DraftKings by 70.2% in the fourth quarter. BlackRock Inc. now owns 7,224,257 shares of the company’s stock valued at $336,362,000 after purchasing an additional 2,980,635 shares during the last quarter. Morgan Stanley boosted its holdings in DraftKings by 106.9% in the fourth quarter. Morgan Stanley now owns 3,382,664 shares of the company’s stock valued at $157,497,000 after purchasing an additional 1,747,764 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in DraftKings in the fourth quarter valued at about $56,315,000. Bank of New York Mellon Corp boosted its holdings in DraftKings by 108.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,735,560 shares of the company’s stock valued at $80,808,000 after purchasing an additional 901,371 shares during the last quarter. Finally, Tybourne Capital Management HK Ltd. boosted its holdings in DraftKings by 51.6% in the fourth quarter. Tybourne Capital Management HK Ltd. now owns 1,929,300 shares of the company’s stock valued at $89,828,000 after purchasing an additional 656,600 shares during the last quarter. Institutional investors and hedge funds own 46.50% of the company’s stock.

NASDAQ DKNG opened at $57.48 on Friday. The stock’s 50 day moving average is $64.47 and its two-hundred day moving average is $54.32. DraftKings Inc. has a 1-year low of $15.55 and a 1-year high of $74.38.

DraftKings (NASDAQ:DKNG) last released its quarterly earnings data on Thursday, February 25th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.12). The business had revenue of $322.00 million during the quarter, compared to the consensus estimate of $232.04 million. The business’s quarterly revenue was up 68.6% compared to the same quarter last year. On average, sell-side analysts predict that DraftKings Inc. will post -2.3 EPS for the current year.

DKNG has been the subject of a number of analyst reports. Credit Suisse Group increased their price target on DraftKings from $84.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, March 16th. UBS Group increased their price target on DraftKings from $52.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, March 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 target price on shares of DraftKings in a report on Monday, March 1st. Rosenblatt Securities increased their target price on DraftKings from $72.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, March 15th. Finally, Sanford C. Bernstein started coverage on DraftKings in a report on Tuesday, January 26th. They set an “outperform” rating and a $71.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $65.54.

DraftKings Profile

DraftKings Inc operates as a digital sports entertainment and gaming company in the United States. It operates through two segments, Business-to-Consumer and Business-to-Business. The company provides users with daily sports, sports betting, and iGaming opportunities. It is also involved in the design, development, and licensing of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products.

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Institutional Ownership by Quarter for DraftKings (NASDAQ:DKNG)

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