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The Manufacturers Life Insurance Company Purchases 91,436 Shares of DraftKings Inc. $DKNG
['Jeff Wilder']
Daily Political
The Manufacturers Life Insurance Company grew its position in DraftKings Inc. (NASDAQ:DKNG – Free Report) by 272.5% in the 1st quarter, HoldingsChannel.com reports.
The firm owned 124,989 shares of the company’s stock after purchasing an additional 91,436 shares during the period.
Empowered Funds LLC now owns 9,115 shares of the company’s stock worth $303,000 after buying an additional 1,391 shares in the last quarter.
DraftKings price target raised by BenchmarkBenchmark raised its DraftKings price target to $30 from $29 and maintained a Buy rating, citing potential upside from the Predictions rollout and the upcoming NFL season.
Also, insider R Stanton Dodge sold 62,500 shares of DraftKings stock in a transaction dated Thursday, June 11th.