KCM Capital Inc Decreases Holdings in DraftKings Inc. $DKNG

Posted by Stanley Muller on Jul 23rd, 2026

KCM Capital Inc lowered its holdings in DraftKings Inc. (NASDAQ:DKNG – Free Report) by 28.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 500,000 shares of the company’s stock after selling 200,000 shares during the quarter. DraftKings comprises 1.7% of KCM Capital Inc’s investment portfolio, making the stock its 16th biggest holding. KCM Capital Inc’s holdings in DraftKings were worth $10,810,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in DraftKings by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 44,758,204 shares of the company’s stock valued at $1,542,368,000 after purchasing an additional 1,354,457 shares in the last quarter. Janus Henderson Group PLC raised its holdings in DraftKings by 50.8% during the fourth quarter. Janus Henderson Group PLC now owns 25,313,909 shares of the company’s stock worth $858,893,000 after purchasing an additional 8,524,923 shares in the last quarter. Viking Global Investors LP raised its holdings in DraftKings by 27.4% during the fourth quarter. Viking Global Investors LP now owns 19,119,912 shares of the company’s stock worth $658,872,000 after purchasing an additional 4,116,561 shares in the last quarter. Capital World Investors lifted its position in shares of DraftKings by 181.4% during the 4th quarter. Capital World Investors now owns 18,626,429 shares of the company’s stock worth $641,867,000 after buying an additional 12,008,357 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of DraftKings by 41.0% during the 4th quarter. AQR Capital Management LLC now owns 16,474,009 shares of the company’s stock worth $567,694,000 after buying an additional 4,788,337 shares during the last quarter. Institutional investors and hedge funds own 37.70% of the company’s stock.

Insider Transactions at DraftKings

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on DKNG shares. Stifel Nicolaus dropped their target price on shares of DraftKings from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday. Jefferies Financial Group reissued a “buy” rating on shares of DraftKings in a research report on Wednesday, June 10th. Morgan Stanley restated an “overweight” rating on shares of DraftKings in a research note on Thursday, May 21st. TD Cowen raised their price objective on DraftKings from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, UBS Group lifted their target price on DraftKings from $43.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.37.

Check Out Our Latest Stock Report on DKNG

DraftKings Stock Performance

Shares of DraftKings stock opened at $22.83 on Thursday. The firm’s fifty day simple moving average is $25.74 and its 200-day simple moving average is $25.86. DraftKings Inc. has a 12 month low of $20.46 and a 12 month high of $48.78. The stock has a market capitalization of $11.33 billion, a price-to-earnings ratio of 380.50 and a beta of 1.65. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.02 and a quick ratio of 1.02.

DraftKings (NASDAQ:DKNG – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). DraftKings had a return on equity of 13.51% and a net margin of 0.93%.The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the company earned ($0.07) EPS. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, equities analysts forecast that DraftKings Inc. will post 0.54 earnings per share for the current year.

DraftKings Profile

(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.