<div id="readability-page-1"><p>TD Waterhouse Canada Inc. boosted its holdings in shares of  DraftKings Inc. (NASDAQ:DKNG - Free Report) by 6,408.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities &amp; Exchange Commission. The firm owned 179,244 shares of the company's stock after purchasing an additional 176,490 shares during the period. TD Waterhouse Canada Inc.'s holdings in DraftKings were worth $6,664,000 as of its most recent SEC filing.</p><ul><li>3 Stocks With Explosive Sales Growth and Strong Cash Flow</li></ul><p>A number of other institutional investors also recently added to or reduced their stakes in DKNG. Vanguard Group Inc. boosted its stake in  DraftKings by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 43,073,314 shares of the company's stock valued at $1,602,327,000 after buying an additional 584,452 shares in the last quarter.  FMR LLC lifted its holdings in shares of  DraftKings by 110.6% during the fourth quarter. FMR LLC now owns 13,617,448 shares of the company's stock valued at $506,569,000 after acquiring an additional 7,150,382 shares during the period.  Geode Capital Management LLC boosted its stake in shares of  DraftKings by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 8,075,009 shares of the company's stock valued at $299,921,000 after purchasing an additional 89,988 shares in the last quarter.  Norges Bank acquired a new stake in shares of  DraftKings during the 4th quarter worth about $276,328,000.  Finally, Massachusetts Financial Services Co. MA lifted its holdings in  DraftKings by 18.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,797,507 shares of the company's stock valued at $252,867,000 after purchasing an additional 1,036,763 shares during the last quarter. 37.70% of the stock is owned by institutional investors and hedge funds. </p><h2>Insider Buying and Selling</h2><p>In other news, Director Jocelyn Moore sold 3,420 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $42.00, for a total value of $143,640.00. Following the sale, the director now directly owns 1,612 shares in the company, valued at $67,704. The trade was a 67.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul Liberman sold 643,654 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $38.95, for a total value of $25,070,323.30. Following the transaction, the insider now directly owns 682,764 shares of the company's stock, valued at $26,593,657.80. This represents a 48.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,575,525 shares of company stock worth $109,441,446 over the last ninety days. Company insiders own  51.19% of the company's stock. </p><h2>Analyst Ratings Changes</h2><ul><li>March Madness: Flutter Stock Is a Solid Bet on Sustained Growth </li></ul><p>DKNG has been the subject of several recent analyst reports. Stifel Nicolaus dropped their price objective on shares of DraftKings from $57.00 to $53.00 and set a &#34;buy&#34; rating for the company in a report on Tuesday. Canaccord Genuity Group lifted their price objective on DraftKings from $54.00 to $60.00 and gave the company a &#34;buy&#34; rating in a research report on Friday, February 14th. Wells Fargo &amp; Company increased their target price on DraftKings from $53.00 to $60.00 and gave the stock an &#34;overweight&#34; rating in a report on Tuesday, February 18th. Benchmark upped their price target on shares of DraftKings from $44.00 to $51.00 and gave the stock a &#34;buy&#34; rating in a research report on Monday, March 10th. Finally, Morgan Stanley raised their price objective on shares of DraftKings from $49.00 to $53.00 and gave the company an &#34;overweight&#34; rating in a research report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and twenty-five have assigned  a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $54.46.</p><p><b>Get Our Latest Research Report on DraftKings</b></p><h2>DraftKings Stock Performance</h2><ul><li>5 Reasons DraftKings Stock Looks Promising in the New Year</li></ul><p>DKNG stock opened at $33.47 on Wednesday. DraftKings Inc. has a 1-year low of $28.69 and a 1-year high of $53.61. The business's 50-day moving average price is $38.69 and its two-hundred day moving average price is $39.61. The firm has a market cap of $29.55 billion, a PE ratio of -31.58, a P/E/G ratio of 1.43 and a beta of 2.16. The company has a current ratio of 0.93, a quick ratio of 1.00 and a debt-to-equity ratio of 1.24. </p><p>DraftKings (NASDAQ:DKNG - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.35). DraftKings had a negative net margin of 10.64% and a negative return on equity of 48.13%.  As a group, research analysts forecast that  DraftKings Inc. will post 0.64 earnings per share for the current year. </p><h2>DraftKings Company Profile</h2> (Free Report)<p>DraftKings Inc operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than DraftKings</li><li>3 Natural Gas Stocks That Offer Great Dividend Yields</li><li>How to Invest in Micro-Cap Stocks Like a Pro</li><li>How the NYSE and NASDAQ are Different, Why That Matters to Investors</li><li>Investors Sell Microsoft Stock on OpenAI News—Time to Buy? </li><li>Top Stocks Investing in 5G Technology</li><li>Take-Two Interactive: A Defensive Play Set to Explode</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9REtORw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9REtORw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in DraftKings Right Now?</h2><p>Before you consider DraftKings, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DraftKings wasn't on the list.</p><p>While DraftKings currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

DKNG

<p>TD Waterhouse Canada Inc. significantly increased its holdings in DraftKings Inc. (NASDAQ:DKNG) by 6,408.5% in Q4, owning 179,244 shares valued at $6.66 million. Other institutional investors also adjusted their stakes, with Vanguard Group owning 43 million shares. Insider trading included sales by directors, with a total of 2.57 million shares sold in the last 90 days. Analyst ratings for DraftKings remain positive, with multiple firms raising price targets, reflecting a consensus rating of "Moderate Buy" and a target price of $54.46.</p>

TD Waterhouse Canada Inc. Has $6.66 Million Stock Holdings in DraftKings Inc. (NASDAQ:DKNG)