Jacobs Levy Equity Management Adds $116M in DraftKings Inc. ($DKNG)
Key Points
- Jacobs Levy Equity Management changed its DraftKings Inc. ($DKNG) stake by 2594.6% last quarter, boosting to 4,147,296 shares worth $120.27 million.
- Wall Street's consensus rating on $DKNG is Buy and an average price target of $34.88.
- $DKNG last traded around $29.00.
Jacobs Levy Equity Management increased its position in DraftKings Inc. ($DKNG) by 2594.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,147,296 shares of DraftKings Inc. after buying 3,993,385 shares during the quarter. Jacobs Levy Equity Management's holdings in DraftKings Inc. were worth $120.27 million as of its most recent filing.
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About DraftKings Inc.
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. The company offers online and retail sports betting, daily fantasy sports, digital lottery couriers, prediction markets, and other products, as well as retails sportsbooks. It also provides iGaming, or online casino products, which includes blackjack, roulette, baccarat and slot machines. In addition, the company engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.
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