<div id="readability-page-1"><p>Strs Ohio increased its position in shares of  DraftKings Inc. (NASDAQ:DKNG - Free Report) by 56.2% during the fourth quarter, according to its most recent filing with the Securities &amp; Exchange Commission. The fund owned 244,512 shares of the company's stock after buying an additional 88,020 shares during the quarter. Strs Ohio's holdings in DraftKings were worth $8,426,000 as of its most recent SEC filing.</p><ul><li>Regulatory Jackpot: Gaming Stocks Surge on a Surprise Bill</li></ul><p>Other hedge funds have also recently added to or reduced their stakes in the company. Dagco Inc. purchased a new position in  DraftKings during the 4th quarter worth approximately $26,000.  Ameriflex Group Inc. lifted its position in  DraftKings by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 810 shares of the company's stock worth $30,000 after acquiring an additional 405 shares during the period.  Root Financial Partners LLC acquired a new stake in  DraftKings during the 3rd quarter worth approximately $33,000.  Asset Dedication LLC acquired a new stake in  DraftKings during the 3rd quarter worth approximately $37,000.  Finally, Aventura Private Wealth LLC acquired a new stake in  DraftKings during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own  37.70% of the company's stock. </p><h2>Insiders Place Their Bets</h2><p>In other news, insider Paul Liberman sold 484,417 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $25.16, for a total value of $12,187,931.72. Following the completion of the sale, the insider directly owned 213,597 shares of the company's stock, valued at $5,374,100.52. This trade represents a 69.40% decrease in their position. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is available through this hyperlink. Also, CAO Erik Bradbury sold 2,883 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $24.56, for a total value of $70,806.48. Following the completion of the sale, the chief accounting officer directly owned 38,168 shares of the company's stock, valued at $937,406.08. This represents a 7.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 496,718 shares of company stock valued at $12,477,308 over the last 90 days. 47.18% of the stock is owned by corporate insiders. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>3 Rebound Candidates With Technical Tailwinds</li></ul><p>A number of research firms have weighed in on DKNG. Weiss Ratings  reaffirmed a &#34;sell (d-)&#34; rating on shares of DraftKings in a research report on Wednesday, January 21st. HSBC raised DraftKings from a &#34;hold&#34; rating to a &#34;hold&#34; rating in a research report on Friday, April 24th. Rothschild &amp; Co Redburn  set a $35.00 price objective on DraftKings in a research report on Friday, January 30th. Argus cut DraftKings from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Tuesday, March 17th. Finally, Wells Fargo &amp; Company increased their price objective on DraftKings from $30.00 to $31.00 and gave the stock an &#34;overweight&#34; rating in a research report on Tuesday, April 7th. Twenty-seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued  a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $34.84.</p><p><b>Read Our Latest Stock Analysis on DKNG</b></p><h2>DraftKings Stock Up 2.5%</h2><ul><li>3 Stocks Betting Big on Prediction Markets This March Madness</li></ul><p>DKNG opened at $23.57 on Tuesday. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50 day simple moving average of $23.42 and a 200-day simple moving average of $28.70. The stock has a market capitalization of $11.68 billion, a P/E ratio of -589.25, a P/E/G ratio of 1.08 and a beta of 1.67. DraftKings Inc. has a 12 month low of $20.46 and a 12 month high of $48.78. </p><h2>DraftKings Company Profile</h2> (Free Report)<p>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.  </p><p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than DraftKings</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>

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<p>Strs Ohio increased its position in DraftKings Inc. (NASDAQ:DKNG) by 56.2% in Q4, owning 244,512 shares valued at $8.43 million. Other hedge funds also adjusted their stakes. Insider Paul Liberman sold 484,417 shares, reducing his position by 69.4%. Analysts have mixed ratings on DKNG, with a consensus price target of $34.84. The stock opened at $23.57, with a market cap of $11.68 billion and a P/E ratio of -589.25. DraftKings specializes in digital sports entertainment and gaming, offering fantasy sports and sports betting services.</p>

Market Beat

Draftkings

Roundhill Sports Betting & iGaming ETF

YieldMax DKNG Option Income Strategy ETF

T-REX 2X Long DKNG Daily Target ETF

Defiance Daily Target 2X Long DKNG ETF

VanEck Gaming ETF

VanEck Video Gaming and eSport ETF

Global X Video Games & Esports ETF

Wedbush ETFMG Video Game Tech ETF

HSBC

HSBC HOLDINGS

HSBC Holdings Plc

Wells Fargo

HSBC 5xShortSG241213

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A DD

WELLS FARGO & COMPANY 7.5% PERP CONV PRF CLS 'A' SERIES 'L'

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WELLS FARGO & COMPANY 4.75% DEP SHS 1/1000 NCUM PFD CL A SR Z

WELLS FARGO & COMPANY DEP SHS REP 1/1000TH INT PFD SR AA (CLA)

Strs Ohio Grows Position in DraftKings Inc. $DKNG