Illinois Municipal Retirement Fund Raises Stock Holdings in DraftKings Inc. $DKNG

Illinois Municipal Retirement Fund lifted its holdings in shares of DraftKings Inc. (NASDAQ:DKNG) by 55.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,935 shares of the company’s stock after acquiring an additional 43,310 shares during the period. Illinois Municipal Retirement Fund’s holdings in DraftKings were worth $4,523,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DKNG. Wedbush Securities Inc. boosted its stake in DraftKings by 111.4% during the 3rd quarter. Wedbush Securities Inc. now owns 19,327 shares of the company’s stock worth $723,000 after purchasing an additional 10,183 shares during the period. Savvy Advisors Inc. purchased a new stake in shares of DraftKings in the third quarter valued at about $248,000. Stratos Wealth Partners LTD. boosted its stake in shares of DraftKings by 40.0% during the third quarter. Stratos Wealth Partners LTD. now owns 8,876 shares of the company’s stock worth $332,000 after buying an additional 2,537 shares during the period. Ibex Investors LLC acquired a new stake in shares of DraftKings during the third quarter worth about $374,000. Finally, Midwest Financial Group LLC grew its holdings in shares of DraftKings by 4.1% during the third quarter. Midwest Financial Group LLC now owns 12,750 shares of the company’s stock worth $477,000 after buying an additional 500 shares during the last quarter. 37.70% of the stock is owned by institutional investors and hedge funds.

DraftKings News Roundup

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Q4 revenue and margin progress — DraftKings reported +43% year‑over‑year revenue and said it achieved record revenue and adjusted EBITDA, signaling strong top‑line growth and improving operating results. DraftKings Reports Fourth Quarter Revenue Growth of 43%
• Positive Sentiment: Some analysts remain constructive — BTIG kept a “buy” rating despite cutting the price target to $37, still implying substantial upside from current levels, which can provide a floor for longer‑term buyers. Benzinga
• Neutral Sentiment: Mixed analyst updates — Benchmark and Bank of America trimmed targets (Benchmark to $29 with a buy, BofA to $30 with neutral). Ratings remain mixed between buy/neutral, leaving analyst coverage supportive but less bullish. TickerReport
• Neutral Sentiment: Earnings call and transcript available — Investors can review management’s Q4 commentary and guidance rationale in the transcript to assess credibility of the company’s longer‑term prediction‑market strategy. Earnings Call Transcript
• Negative Sentiment: EPS missed expectations — DraftKings reported $0.36 EPS vs consensus ~ $0.45, a clear earnings miss that pressured the stock despite revenue growth. MarketBeat Earnings Report
• Negative Sentiment: Cautious FY‑2026 guidance — Management’s revenue guidance came in below consensus (company guided roughly $6.5B–$6.9B vs ~ $7.3B Street estimate), signaling slower near‑term growth and prompting downward revisions. Press Release / Slides
• Negative Sentiment: Prediction‑market risk and regulatory scrutiny — The company’s large prediction‑markets ambitions are drawing regulatory attention (CFTC) and investor skepticism about timing and profitability of that business, adding uncertainty to growth assumptions. WSJ
• Negative Sentiment: High trading volume / selling pressure — The session showed well‑above‑average volume, indicating aggressive repositioning by investors after the miss and guidance, which amplified the downward move. ProactiveInvestors

Insider Activity

In related news, insider R Stanton Dodge sold 52,777 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 51.19% of the stock is owned by corporate insiders.

DraftKings Trading Down 13.5%

NASDAQ:DKNG opened at $21.76 on Friday. DraftKings Inc. has a 1 year low of $21.01 and a 1 year high of $53.61. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.09 and a current ratio of 1.10. The stock has a fifty day moving average price of $32.22 and a two-hundred day moving average price of $36.20. The stock has a market capitalization of $10.83 billion, a price-to-earnings ratio of -544.00, a PEG ratio of 0.43 and a beta of 1.67.

Wall Street Analysts Forecast Growth

Several research firms have commented on DKNG. Mizuho reduced their price objective on DraftKings from $54.00 to $46.00 and set an “outperform” rating for the company in a research note on Thursday, November 13th. Canaccord Genuity Group cut their price target on DraftKings from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday. Zacks Research raised DraftKings from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Benchmark dropped their price objective on shares of DraftKings from $37.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Texas Capital upgraded shares of DraftKings to a “hold” rating in a research report on Thursday, January 8th. Twenty-three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.14.

About DraftKings

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.