1 week Ago By Defense World Staff
Prudential Financial Inc. cut its stake in DraftKings Inc. (NASDAQ:DKNG – Free Report) by 23.
4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,904 shares of the company’s stock after selling 3,033 shares during the period. Prudential Financial Inc.
’s holdings in DraftKings were worth $395,000 at the end of the most recent quarter. A number of other institutional investors have also recently modified their holdings of DKNG. Principal Financial Group Inc.
raised its stake in DraftKings by 14.6% in the third quarter. Principal Financial Group Inc.
now owns 234,768 shares of the company’s stock valued at $9,203,000 after purchasing an additional 29,991 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in DraftKings by 27.
7% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 120,684 shares of the company’s stock valued at $4,766,000 after buying an additional 26,164 shares during the period.
Stifel Financial Corp raised its position in shares of DraftKings by 27.7% in the 3rd quarter. Stifel Financial Corp now owns 195,628 shares of the company’s stock valued at $7,669,000 after buying an additional 42,431 shares in the last quarter.
Bryn Mawr Capital Management LLC bought a new stake in shares of DraftKings during the 4th quarter worth approximately $874,000. Finally, Highland Capital Management LLC acquired a new stake in shares of DraftKings during the 4th quarter worth approximately $1,086,000. 37.
70% of the stock is currently owned by institutional investors. DraftKings Price PerformanceShares of NASDAQ DKNG opened at $35.84 on Thursday.
The company has a quick ratio of 1.00, a current ratio of 0.93 and a debt-to-equity ratio of 1.
24. The company has a market capitalization of $17.92 billion, a PE ratio of -33.
81, a P/E/G ratio of 1.43 and a beta of 2.16.
The firm has a fifty day simple moving average of $40.39 and a 200 day simple moving average of $39.96.
DraftKings Inc. has a twelve month low of $28.69 and a twelve month high of $53.
61. DraftKings (NASDAQ:DKNG – Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.
28) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.35).
DraftKings had a negative return on equity of 48.13% and a negative net margin of 10.64%.
On average, sell-side analysts forecast that DraftKings Inc. will post 0.64 EPS for the current year.
Insider Transactions at DraftKingsIn other DraftKings news, Director Jocelyn Moore sold 3,420 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $42.00, for a total value of $143,640.
00. Following the completion of the sale, the director now directly owns 1,612 shares in the company, valued at approximately $67,704. This trade represents a 67.
97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul Liberman sold 200,000 shares of the company’s stock in a transaction dated Friday, January 10th.
The shares were sold at an average price of $39.00, for a total transaction of $7,800,000.00.
Following the transaction, the insider now owns 1,342,722 shares in the company, valued at $52,366,158. This represents a 12.96 % decrease in their position.
The disclosure for this sale can be found here. Insiders sold a total of 2,775,525 shares of company stock valued at $117,241,446 in the last quarter. 47.
08% of the stock is currently owned by company insiders. Analyst Ratings ChangesDKNG has been the subject of several research analyst reports. Truist Financial boosted their price objective on shares of DraftKings from $50.
00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. BTIG Research set a $59.
00 price target on DraftKings in a report on Monday, February 3rd. Argus set a $60.00 price objective on DraftKings in a research note on Tuesday, February 18th.
Piper Sandler reissued an “overweight” rating and set a $60.00 target price (up previously from $48.00) on shares of DraftKings in a research note on Tuesday, February 18th.
Finally, Citigroup reissued an “outperform” rating on shares of DraftKings in a report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, DraftKings has an average rating of “Moderate Buy” and an average price target of $54.
69.Check Out Our Latest Stock Analysis on DraftKingsDraftKings Profile (Free Report)DraftKings Inc operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks.
The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators.Recommended StoriesFive stocks we like better than DraftKings3 Fintech Stocks With Good 2021 ProspectsQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreWhere to Find Earnings Call TranscriptsAre Tariffs Threatening Disney’s Comeback Story?What is the Dow Jones Industrial Average (DJIA)?Is Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding DKNG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for DraftKings Inc. (NASDAQ:DKNG – Free Report)..
