WINTON GROUP Ltd Lowers Holdings in DraftKings Inc. $DKNG

Posted by George Bondi on Sep 19th, 2026

WINTON GROUP Ltd trimmed its stake in DraftKings Inc. (NASDAQ:DKNG – Free Report) by 93.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 9,320 shares of the company’s stock after selling 133,455 shares during the quarter. WINTON GROUP Ltd’s holdings in DraftKings were worth $235,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DKNG. Janus Henderson Group PLC increased its holdings in shares of DraftKings by 9.3% during the first quarter. Janus Henderson Group PLC now owns 27,665,699 shares of the company’s stock valued at $588,288,000 after acquiring an additional 2,351,790 shares in the last quarter. Capital World Investors boosted its stake in DraftKings by 181.4% in the 4th 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. Spruce House Investment Management LLC boosted its stake in DraftKings by 129.6% in the 1st quarter. Spruce House Investment Management LLC now owns 9,650,000 shares of the company’s stock worth $208,633,000 after purchasing an additional 5,446,166 shares in the last quarter. Geode Capital Management LLC grew its position in DraftKings by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 9,494,860 shares of the company’s stock valued at $326,394,000 after purchasing an additional 192,160 shares during the last quarter. Finally, Eminence Capital LP increased its stake in DraftKings by 34.3% during the 4th quarter. Eminence Capital LP now owns 8,426,755 shares of the company’s stock valued at $290,386,000 after purchasing an additional 2,151,892 shares in the last quarter. 37.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other DraftKings news, Director Jocelyn Moore sold 10,759 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $24.05, for a total value of $258,753.95. Following the transaction, the director owned 1,881 shares of the company’s stock, valued at approximately $45,238.05. This represents a 85.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 47.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Sanford C. Bernstein lifted their target price on shares of DraftKings from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Needham & Company LLC reiterated a “buy” rating and set a $35.00 price target on shares of DraftKings in a report on Friday. Wolfe Research initiated coverage on shares of DraftKings in a research report on Wednesday, September 2nd. They set an “outperform” rating and a $40.00 price target for the company. Weiss Ratings lowered shares of DraftKings from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, August 21st. Finally, Truist Financial set a $29.00 price objective on DraftKings in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, DraftKings presently has a consensus rating of “Moderate Buy” and an average target price of $34.36.

View Our Latest Report on DraftKings

Key DraftKings News

Here are the key news stories impacting DraftKings this week:

Positive Sentiment: UBS maintained a Buy rating while trimming its price target modestly from $49 to $48. Needham also reaffirmed its Buy rating with a $35 target, implying considerable potential upside from current levels. DraftKings analyst ratings
Positive Sentiment: Several market commentaries argue that DraftKings’ roughly 35% decline in 2025 has created a valuation opportunity, with analysts still anticipating a possible recovery of approximately 50% or more. DraftKings stock plunges despite bullish analyst targets
Neutral Sentiment: Coverage describing DraftKings entering a “new phase” highlights ongoing strategic development, while a separate TRWD licensing announcement concerns another company and does not appear to provide a direct catalyst for DKNG. What is driving DraftKings into a new phase
Negative Sentiment: Prediction-market platform Kalshi is attracting substantial sports-event wagering volume following the start of the NFL season. Investors fear these event-contract platforms could compete with DraftKings for customer activity and betting dollars, despite CEO reassurances. DraftKings is losing to prediction markets
Negative Sentiment: Commentary remains cautious after DraftKings underperformed the broader market. Jim Cramer advised a caller to consider moving on from the stock, reinforcing concerns about execution, valuation, and the lack of a clear near-term catalyst. Jim Cramer discusses moving on from DraftKings

DraftKings Trading Down 3.2%

Shares of DKNG stock opened at $21.75 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.22. DraftKings Inc. has a 12-month low of $20.46 and a 12-month high of $44.22. The stock has a market capitalization of $10.80 billion, a P/E ratio of -57.24, a P/E/G ratio of 1.83 and a beta of 1.63. The firm’s 50 day moving average is $24.32 and its 200 day moving average is $24.56.

DraftKings (NASDAQ:DKNG – Get Free Report) last announced its earnings results on Friday, August 7th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. DraftKings had a negative net margin of 2.68% and a negative return on equity of 11.26%. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. Research analysts expect that DraftKings Inc. will post 0.49 earnings per share for the current year.

DraftKings Profile

(Free Report)

DraftKings Inc is a digital sports entertainment and gaming company that operates online sports betting, iGaming and daily fantasy sports platforms. Its products enable customers to place bets on professional and collegiate sports, play online casino games where permitted, and participate in fantasy contests across a range of sports.

The company also offers related services, including retail sportsbooks in select jurisdictions and sports media content through DraftKings Network. Its offerings are available in U.S.