Aurora Investment Counsel Purchases Shares of 62,602 DraftKings Inc. $DKNG

Posted by Andrew Walz on Jun 14th, 2026

Aurora Investment Counsel purchased a new stake in DraftKings Inc. (NASDAQ:DKNG – Free Report) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 62,602 shares of the company’s stock, valued at approximately $2,157,000.

Several other hedge funds have also recently added to or reduced their stakes in DKNG. Viking Global Investors LP acquired a new position in DraftKings in the third quarter worth about $561,125,000. Capital World Investors raised its position in DraftKings by 181.4% in the fourth quarter. Capital World Investors now owns 18,626,429 shares of the company’s stock worth $641,867,000 after purchasing an additional 12,008,357 shares in the last quarter. Norges Bank acquired a new position in DraftKings in the fourth quarter worth about $284,466,000. AQR Capital Management LLC raised its position in DraftKings by 63.5% in the third quarter. AQR Capital Management LLC now owns 11,685,672 shares of the company’s stock worth $437,044,000 after purchasing an additional 4,538,007 shares in the last quarter. Finally, Capital Research Global Investors raised its position in DraftKings by 55.9% in the fourth quarter. Capital Research Global Investors now owns 6,615,721 shares of the company’s stock worth $227,978,000 after purchasing an additional 2,372,520 shares in the last quarter. Institutional investors and hedge funds own 37.70% of the company’s stock.

DraftKings Stock Performance

NASDAQ DKNG opened at $29.00 on Friday. The firm has a market cap of $14.39 billion, a price-to-earnings ratio of 483.33 and a beta of 1.66. The company has a 50 day moving average of $24.47 and a 200-day moving average of $27.57. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.03. DraftKings Inc. has a 1-year low of $20.46 and a 1-year high of $48.78.

DraftKings (NASDAQ:DKNG – Get Free Report) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. DraftKings had a return on equity of 13.51% and a net margin of 0.93%.The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) EPS. On average, equities analysts forecast that DraftKings Inc. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on DKNG shares. TD Cowen reissued a “buy” rating and issued a $30.00 price target on shares of DraftKings in a research report on Monday, June 8th. Jefferies Financial Group reissued a “buy” rating on shares of DraftKings in a research report on Wednesday. Wedbush started coverage on shares of DraftKings in a research report on Friday, April 24th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. dropped their price target on shares of DraftKings from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Finally, Benchmark reissued a “buy” rating on shares of DraftKings in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.21.

Read Our Latest Stock Analysis on DKNG

Key Stories Impacting DraftKings

Here are the key news stories impacting DraftKings this week:

Positive Sentiment: DraftKings is drawing bullish attention after Oppenheimer reiterated a Buy rating, reinforcing optimism around the company’s growth outlook. DraftKings (DKNG) Receives a Buy from Oppenheimer
Positive Sentiment: Investor enthusiasm picked up after DraftKings disclosed strong growth in its Predictions platform, with May volume reportedly surging and some articles calling it a potential new growth engine for the stock. Why DraftKings (DKNG) Stock Is Up Today
Positive Sentiment: DraftKings also benefited from World Cup-related optimism, with analysts saying it could be a clear winner as sports betting activity rises during the tournament and marketing spend ramps up. Intel surges on rare double upgrade, DraftKings scores ahead of World Cup
Positive Sentiment: Unusually heavy call-option buying and a strong weekly rally suggest traders are positioning for additional upside in DKNG. DKNG Bulls Are Eyeing A Breakout After Strongest Weekly Rally In 16 Months
Neutral Sentiment: Some commentary notes DraftKings’ prediction-market business is growing quickly but is still relatively small versus larger rivals, so the long-term opportunity remains early-stage. DraftKings: Prediction Market Potential Is Becoming Clearer
Negative Sentiment: JPMorgan cautioned that while May operating data showed progress, it does not yet point to immediate upside, which may temper some of the bullish momentum. DKNG Bulls Are Eyeing A Breakout After Strongest Weekly Rally In 16 Months

Insider Activity at DraftKings

In other news, insider R Stanton Dodge sold 62,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $29.68, for a total transaction of $1,855,000.00. Following the completion of the sale, the insider owned 556,258 shares of the company’s stock, valued at approximately $16,509,737.44. This trade represents a 10.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Woodrow Levin sold 34,234 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $25.71, for a total transaction of $880,156.14. Following the sale, the director directly owned 29,820 shares of the company’s stock, valued at approximately $766,672.20. The trade was a 53.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 97,596 shares of company stock valued at $2,756,991. Company insiders own 47.18% of the company’s stock.

About DraftKings

(Free Report)

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.