Stableford Capital II LLC Purchases Shares of 71,849 DraftKings Inc. $DKNG

Key Points

• Stableford Capital II LLC acquired 71,849 shares of DraftKings (~$2.48M) in Q4, making it the fund's 29th-largest holding and representing about 0.9% of its portfolio; institutional investors own roughly 37.7% of DKNG.
• Insider selling has been significant recently — Paul Liberman sold 484,417 shares for about $12.19M and insiders sold 549,495 shares (~$14.17M) over the past three months, although insiders still hold 51.19% of the company.
• DraftKings faces material legal and regulatory risks — notably an NCAA trademark lawsuit and potential Senate limits on prediction markets — but Wall Street remains broadly constructive with a consensus "Moderate Buy" and an average target of $37.09 (25 Buy / 5 Hold / 2 Sell).

Stableford Capital II LLC acquired a new position in shares of DraftKings Inc. (NASDAQ:DKNG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 71,849 shares of the company's stock, valued at approximately $2,476,000. DraftKings accounts for about 0.9% of Stableford Capital II LLC's holdings, making the stock its 29th biggest position.

A number of other hedge funds have also made changes to their positions in the business. Integrated Wealth Concepts LLC boosted its position in DraftKings by 5.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 9,460 shares of the company's stock worth $314,000 after purchasing an additional 524 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of DraftKings by 1,141.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,044 shares of the company's stock worth $1,463,000 after purchasing an additional 40,495 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of DraftKings by 18.0% during the first quarter. Empowered Funds LLC now owns 9,115 shares of the company's stock worth $303,000 after purchasing an additional 1,391 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of DraftKings in the second quarter worth about $603,000. Finally, Rhumbline Advisers boosted its position in shares of DraftKings by 2.9% in the second quarter. Rhumbline Advisers now owns 603,836 shares of the company's stock worth $25,898,000 after buying an additional 17,114 shares during the period. Hedge funds and other institutional investors own 37.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DKNG shares. Jefferies Financial Group set a $46.00 price target on DraftKings in a research report on Tuesday, March 3rd. Citigroup reaffirmed a "market outperform" rating on shares of DraftKings in a research report on Tuesday, February 24th. JPMorgan Chase & Co. dropped their price objective on shares of DraftKings from $41.00 to $32.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 17th. Stifel Nicolaus decreased their target price on shares of DraftKings from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, February 17th. Finally, Canaccord Genuity Group lowered their price target on shares of DraftKings from $50.00 to $44.00 and set a "buy" rating for the company in a report on Friday, February 13th. Twenty-five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.09.

Insider Buying and Selling at DraftKings

In other DraftKings news, insider Paul Liberman sold 484,417 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $25.16, for a total transaction of $12,187,931.72. Following the transaction, the insider directly owned 213,597 shares in the company, valued at $5,374,100.52. This represents a 69.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jocelyn Moore sold 2,150 shares of the firm's stock in a transaction on Friday, March 13th. The stock was sold at an average price of $25.60, for a total transaction of $55,040.00. Following the transaction, the director directly owned 1,406 shares of the company's stock, valued at approximately $35,993.60. This represents a 60.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 549,495 shares of company stock valued at $14,166,700. Corporate insiders own 51.19% of the company's stock.

Key Headlines Impacting DraftKings

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: ESPN account-linking could increase user engagement and cross-sell between Disney/ESPN audiences and DraftKings’ sportsbook, giving DraftKings a clearer user-acquisition path and longer-term revenue upside. How Will DraftKings (DKNG) Benefit From ESPN Account Linking
• Positive Sentiment: Wall Street coverage remains broadly constructive with many buy/outperform ratings and a median analyst target well above the current price, providing potential support if headlines stabilize. DraftKings slips as NCAA trademark lawsuit adds legal overhang during tournament season
• Neutral Sentiment: Technical setup: chart analysts note DKNG has been in a multi‑week downtrend, trading well below key moving averages — a technical headwind that can amplify selling pressure while the trend persists. DraftKings Stock Is Trending Today: What Does The Chart Say?
• Neutral Sentiment: General investor interest/education pieces (how-to-buy, reviews) are circulating — useful for new inflows but not immediate catalysts. How to Buy DraftKings Stock (DKNG) in 2026
• Negative Sentiment: NCAA trademark lawsuit: the NCAA seeks emergency relief to block DraftKings’ use of tournament trademarks (e.g., “March Madness”), creating marketing and promotional uncertainty during peak betting season. DraftKings slips as NCAA trademark lawsuit adds legal overhang during tournament season
• Negative Sentiment: Regulatory risk: recent Senate bill talk and proposed limits on prediction markets have triggered investor concern about the addressable market and product offerings, contributing to sharp intraday drops reported by several outlets. Senate Betting Bill Hits DraftKings Hard: DKNG Falls 6% While Penn Entertainment Holds Its Ground
• Negative Sentiment: Litigation/investor investigations and investor rotation: a new Scott+Scott investor alert alleges potential fiduciary breaches by directors/officers (heightening legal overhang) while filings show notable insider sales and large institutional rebalancings that can pressure the stock. DRAFTKINGS INC. INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates DraftKings Inc.'s Directors and Officers for Breach of Fiduciary Duties - DKNG

DraftKings Price Performance

DKNG stock opened at $21.27 on Friday. The stock's 50 day moving average is $25.85 and its two-hundred day moving average is $31.86. DraftKings Inc. has a 52-week low of $20.89 and a 52-week high of $48.78. The company has a market capitalization of $10.49 billion, a PE ratio of -531.75, a P/E/G ratio of 0.86 and a beta of 1.67. 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 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.

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