DraftKings Inc. $DKNG Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its holdings in DraftKings Inc. (NASDAQ:DKNG) by 55.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,935 shares of the company’s stock after purchasing an additional 43,310 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in DraftKings were worth $4,523,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DKNG. Root Financial Partners LLC purchased a new position in DraftKings in the 3rd quarter valued at approximately $33,000. Atlantic Union Bankshares Corp acquired a new stake in shares of DraftKings in the second quarter valued at $45,000. AlphaQuest LLC purchased a new position in DraftKings in the third quarter valued at $41,000. Delos Wealth Advisors LLC acquired a new position in DraftKings during the 2nd quarter worth $47,000. Finally, TD Private Client Wealth LLC grew its stake in DraftKings by 45.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,165 shares of the company’s stock worth $44,000 after purchasing an additional 365 shares in the last quarter. Institutional investors and hedge funds own 37.70% of the company’s stock.

Key Headlines Impacting DraftKings

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Q4 revenue and margin progress — DraftKings reported +43% year‑over‑year revenue and said it achieved record revenue and adjusted EBITDA, signaling strong top‑line growth and improving operating results. DraftKings Reports Fourth Quarter Revenue Growth of 43%
• Positive Sentiment: Some analysts remain constructive — BTIG kept a “buy” rating despite cutting the price target to $37, still implying substantial upside from current levels, which can provide a floor for longer‑term buyers. Benzinga
• Neutral Sentiment: Mixed analyst updates — Benchmark and Bank of America trimmed targets (Benchmark to $29 with a buy, BofA to $30 with neutral). Ratings remain mixed between buy/neutral, leaving analyst coverage supportive but less bullish. TickerReport
• Neutral Sentiment: Earnings call and transcript available — Investors can review management’s Q4 commentary and guidance rationale in the transcript to assess credibility of the company’s longer‑term prediction‑market strategy. Earnings Call Transcript
• Negative Sentiment: EPS missed expectations — DraftKings reported $0.36 EPS vs consensus ~ $0.45, a clear earnings miss that pressured the stock despite revenue growth. MarketBeat Earnings Report
• Negative Sentiment: Cautious FY‑2026 guidance — Management’s revenue guidance came in below consensus (company guided roughly $6.5B–$6.9B vs ~ $7.3B Street estimate), signaling slower near‑term growth and prompting downward revisions. Press Release / Slides
• Negative Sentiment: Prediction‑market risk and regulatory scrutiny — The company’s large prediction‑markets ambitions are drawing regulatory attention (CFTC) and investor skepticism about timing and profitability of that business, adding uncertainty to growth assumptions. WSJ
• Negative Sentiment: High trading volume / selling pressure — The session showed well‑above‑average volume, indicating aggressive repositioning by investors after the miss and guidance, which amplified the downward move. ProactiveInvestors

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DKNG. BMO Capital Markets reiterated an “outperform” rating and issued a $42.00 price objective on shares of DraftKings in a research note on Friday. Susquehanna set a $44.00 target price on shares of DraftKings in a report on Tuesday, January 27th. Macquarie Infrastructure lowered their price target on shares of DraftKings from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, November 10th. Rothschild & Co Redburn set a $35.00 price objective on shares of DraftKings in a research report on Friday, January 30th. Finally, Citigroup initiated coverage on shares of DraftKings in a research report on Friday, November 21st. They set a “buy” rating and a $48.00 price objective for the company. Twenty-three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, DraftKings currently has a consensus rating of “Moderate Buy” and an average price target of $44.14.

DraftKings Stock Down 13.5%

DKNG stock opened at $21.76 on Friday. The stock has a market cap of $10.83 billion, a P/E ratio of -544.00, a PEG ratio of 0.43 and a beta of 1.67. 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 twelve month low of $21.01 and a twelve month high of $53.61. The company’s 50 day moving average is $32.22 and its two-hundred day moving average is $36.20.

Insiders Place Their Bets

In other DraftKings news, insider R Stanton Dodge sold 52,777 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $32.01, for a total transaction of $1,689,391.77. Following the transaction, the insider owned 500,000 shares of the company’s stock, valued at approximately $16,005,000. This trade represents a 9.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 51.19% of the stock is currently owned by company insiders.

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.