Mirabella Financial Services LLP Acquires 97,467 Shares of DraftKings Inc. $DKNG

Mirabella Financial Services LLP grew its holdings in shares of DraftKings Inc. (NASDAQ:DKNG) by 72.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 231,740 shares of the company’s stock after acquiring an additional 97,467 shares during the quarter. DraftKings accounts for approximately 0.3% of Mirabella Financial Services LLP’s investment portfolio, making the stock its 25th largest position. Mirabella Financial Services LLP’s holdings in DraftKings were worth $8,667,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Nordea Investment Management AB lifted its holdings in DraftKings by 1,996.2% in the third quarter. Nordea Investment Management AB now owns 421,127 shares of the company’s stock valued at $16,205,000 after buying an additional 401,037 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of DraftKings by 1.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,473,099 shares of the company’s stock worth $279,494,000 after buying an additional 79,152 shares during the period. Swiss National Bank increased its stake in shares of DraftKings by 10.0% in the 2nd quarter. Swiss National Bank now owns 1,361,964 shares of the company’s stock valued at $58,415,000 after acquiring an additional 124,200 shares in the last quarter. Citigroup Inc. lifted its position in shares of DraftKings by 40.6% during the 3rd quarter. Citigroup Inc. now owns 1,939,764 shares of the company’s stock valued at $72,547,000 after acquiring an additional 560,139 shares during the period. Finally, Rhumbline Advisers boosted its stake in DraftKings by 2.9% during the second quarter. Rhumbline Advisers now owns 603,836 shares of the company’s stock worth $25,898,000 after acquiring an additional 17,114 shares in the last quarter. Institutional investors own 37.70% of the company’s stock.

Trending Headlines about DraftKings

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Bernstein reiterated an “Outperform” rating and nudged its price target higher (from $28 to $30), reinforcing bullish analyst conviction around DraftKings’ expansion prospects and supporting longer‑term upside. Bernstein Remains Bullish on DraftKings
• Positive Sentiment: DraftKings’ strategic relationship with ESPN appears to be deepening and the company is evaluating federal rule changes — developments that could expand distribution and product reach if regulatory shifts are favorable. DraftKings Weighs Federal Rule Shift As ESPN Tie Up Deepens
• Neutral Sentiment: Brokerage consensus remains around a “Moderate Buy,” reflecting steady but not unanimous bullishness from analysts; this keeps expectations tempered rather than amplifying volatility. DraftKings Receives Average Recommendation of “Moderate Buy”
• Neutral Sentiment: Market commentary is focused on whether current pricing fairly reflects DraftKings’ recent volatility and growth outlook — recent short‑term gains contrast with weaker year‑to‑date/one‑year returns, leaving valuation debates unresolved. Is DraftKings Pricing Reflect Its Recent Volatility And Growth Prospects
• Negative Sentiment: UBS trimmed its price target from $53 to $43 while keeping a “buy” rating — a notable downward revision that reduces implied upside and can weigh on sentiment even though the rating stayed positive. UBS Lowers DraftKings Price Target
• Negative Sentiment: Director Jocelyn Moore sold 2,150 shares (disclosed in an SEC filing), reducing her holding by ~60% — an insider sale that investors often read as a negative signal about near‑term insider conviction. Director Jocelyn Moore Sells Shares

Insider Buying and Selling at DraftKings

In other news, CAO Erik Bradbury sold 2,883 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $24.56, for a total value of $70,806.48. Following the transaction, the chief accounting officer owned 38,168 shares of the company’s stock, valued at approximately $937,406.08. This represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider R Stanton Dodge sold 52,777 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $32.01, for a total value of $1,689,391.77. Following the completion of the sale, the insider owned 500,000 shares in the company, valued at $16,005,000. This trade represents a 9.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 549,495 shares of company stock worth $14,166,700 in the last ninety days. Insiders own 47.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DKNG shares. Texas Capital raised shares of DraftKings to a “hold” rating in a research note on Thursday, January 8th. Bank of America reduced their target price on DraftKings from $37.50 to $30.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Stifel Nicolaus cut their price target on DraftKings from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Benchmark restated a “buy” rating on shares of DraftKings in a report on Tuesday, March 3rd. Finally, Berenberg Bank set a $26.40 target price on DraftKings in a research report on Tuesday, February 24th. Twenty-five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, DraftKings currently has an average rating of “Moderate Buy” and an average price target of $37.09.

DraftKings Stock Performance

DKNG stock opened at $24.90 on Tuesday. The business has a 50 day moving average of $27.66 and a 200-day moving average of $32.99. The firm has a market cap of $12.28 billion, a PE ratio of -622.50, a P/E/G ratio of 1.06 and a beta of 1.67. DraftKings Inc. has a 12-month low of $21.01 and a 12-month high of $48.78. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.91.

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.