<div id="readability-page-1"><p>Westfield Capital Management Co. LP trimmed its position in shares of  DraftKings Inc. (NASDAQ:DKNG - Free Report) by 37.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor  owned 2,643,325 shares of the company's stock after selling 1,581,699 shares during the quarter. Westfield Capital Management Co. LP owned approximately 0.30% of DraftKings worth $113,372,000 as of its most recent SEC filing.</p><ul><li>Your Thanksgiving Playbook: 3 Stocks Set to Benefit From Football Fever</li></ul><p>Other large investors have also modified their holdings of the company. AQR Capital Management LLC raised its holdings in  DraftKings by 2,138.9% in the 1st quarter. AQR Capital Management LLC now owns 4,696,244 shares of the company's stock worth $155,962,000 after purchasing an additional 4,486,488 shares during the period.  Eminence Capital LP increased its stake in  DraftKings by 195.2% during the 1st quarter. Eminence Capital LP now owns 5,178,083 shares of the company's stock worth $171,964,000 after buying an additional 3,423,909 shares in the last quarter.  Nuveen LLC purchased a new position in shares of  DraftKings in the first quarter valued at approximately $107,739,000.  AGF Management Ltd. acquired a new stake in  DraftKings during the 1st quarter worth $83,622,000.  Finally, Baillie Gifford &amp; Co. grew its holdings in shares of  DraftKings by 26.5% during the first quarter. Baillie Gifford &amp; Co. now owns 8,390,236 shares of the company's stock worth $278,640,000 after buying an additional 1,756,778 shares in the last quarter. Institutional investors and hedge funds own  37.70% of the company's stock. </p><h2>DraftKings Trading Down 1.2%</h2><p>NASDAQ:DKNG opened at $29.02 on Thursday. The stock has a fifty day moving average price of $35.15 and a 200 day moving average price of $39.23. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 2.51. DraftKings Inc. has a 12-month low of $26.23 and a 12-month high of $53.61. The firm has a market cap of $14.45 billion, a PE ratio of -50.91, a price-to-earnings-growth ratio of 2.43 and a beta of 1.86. </p><ul><li>$5B+ in Buybacks: What DraftKings, AppLovin, and Altria Are Telling You </li></ul><p>DraftKings (NASDAQ:DKNG - Get Free Report) last announced its quarterly earnings data on Friday, November 7th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.27). DraftKings had a negative net margin of 4.90% and a negative return on equity of 22.84%. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter in the previous year, the business posted ($0.60) EPS. The business's quarterly revenue was up 4.4% compared to the same quarter last year.  Sell-side analysts anticipate that  DraftKings Inc. will post 0.64 earnings per share for the current fiscal year. </p><h2>Wall Street Analyst Weigh In</h2><p>Several research analysts have recently weighed in on DKNG shares. Weiss Ratings  restated a &#34;sell (d-)&#34; rating on shares of DraftKings in a report on Wednesday, October 8th. Mizuho dropped their target price on DraftKings from $54.00 to $46.00 and set an &#34;outperform&#34; rating for the company in a report on Thursday, November 13th. JMP Securities lowered their price target on shares of DraftKings from $54.00 to $51.00 and set a &#34;market outperform&#34; rating on the stock in a research report on Wednesday, October 1st. Canaccord Genuity Group cut their price objective on shares of DraftKings from $60.00 to $54.00 and set a &#34;buy&#34; rating for the company in a research report on Friday, November 7th. Finally, BMO Capital Markets dropped their price target on shares of DraftKings from $65.00 to $63.00 and set an &#34;outperform&#34; rating for the company in a research note on Tuesday, November 4th. Twenty-five analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned  a Sell rating to the stock. Based on data from MarketBeat, the stock  has an average rating of &#34;Moderate Buy&#34; and an average price target of $47.38.</p><ul><li>MarketBeat Week in Review – 11/03 - 11/07</li></ul><p><b>Get Our Latest Research Report on DraftKings</b></p><h2>Insider Activity</h2><p>In other DraftKings news, Director Harry Sloan bought 25,000 shares of the company's stock in a transaction that occurred on Tuesday, November 11th. The shares were purchased at an average price of $30.30 per share, with a total value of $757,500.00. Following the completion of the acquisition, the director directly owned 249,712 shares of the company's stock, valued at $7,566,273.60. This represents a 11.13% increase in their position. The purchase was disclosed in a legal filing with the Securities &amp; Exchange Commission, which can be accessed through this link. Also, CFO Alan Wayne Ellingson sold 8,421 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $29.23, for a total transaction of $246,145.83. Following the completion of the transaction, the chief financial officer owned 126,990 shares in the company, valued at $3,711,917.70. This represents a 6.22% 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 219,529 shares of company stock worth $8,601,273. 51.19% of the stock is currently owned by company insiders. </p><h2>About DraftKings</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 Tickers Leading a Meme Stock Revival</li><li>Why Target Stock May Keep Falling Despite a 5% Dividend Yield </li><li>How to Invest in Biotech Stocks</li><li>Is Tesla Setting Up for a Year-End Rebound—or a Collapse?</li><li>Low PE Growth Stocks: Unlocking Investment Opportunities</li><li>Applied Materials: Up 40% in 2025 With Room to Run Long-Term</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 reporting and unbiased coverage. 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>Westfield Capital Management Co. LP reduced its stake in DraftKings Inc. by 37.4% in Q2, selling 1,581,699 shares. The firm now holds 2,643,325 shares, valued at $113.37 million. DraftKings' stock opened at $29.02, with a 12-month range of $26.23 to $53.61. Analysts have mixed ratings, with a consensus "Moderate Buy" and an average price target of $47.38.</p>

Westfield Capital Management Co. LP Trims Position in DraftKings Inc. $DKNG