USAdvisors Wealth Management LLC grew its stake in shares of FuboTV Inc. (NYSE:FUBO - Free Report) by 156.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,000 shares of the company's stock after buying an additional 78,000 shares during the period. USAdvisors Wealth Management LLC's holdings in FuboTV were worth $161,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC grew its stake in shares of FuboTV by 132.6% in the 2nd quarter. Millennium Management LLC now owns 4,810,529 shares of the company's stock worth $5,965,000 after buying an additional 2,742,780 shares in the last quarter. Barclays PLC lifted its position in FuboTV by 121.3% in the third quarter. Barclays PLC now owns 1,256,459 shares of the company's stock worth $1,784,000 after buying an additional 688,625 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of FuboTV by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company's stock worth $10,087,000 after purchasing an additional 425,906 shares during the period. Charles Schwab Investment Management Inc. grew its stake in FuboTV by 8.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company's stock worth $3,676,000 after purchasing an additional 200,154 shares in the last quarter. Finally, State Street Corp grew its position in shares of FuboTV by 1.9% during the 3rd quarter. State Street Corp now owns 6,934,875 shares of the company's stock worth $9,848,000 after buying an additional 132,167 shares in the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Roth Mkm reissued a "neutral" rating and issued a $4.75 price target (up from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $3.43.
Check Out Our Latest Research Report on FUBO
Insiders Place Their Bets
In other news, CEO David Gandler sold 1,425,888 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.01, for a total value of $7,143,698.88. Following the transaction, the chief executive officer now owns 346,817 shares in the company, valued at approximately $1,737,553.17. This represents a 80.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Alberto Horihuela sold 47,478 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $69,792.66. Following the completion of the transaction, the chief operating officer now owns 1,471,325 shares of the company's stock, valued at $2,162,847.75. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,957,407 shares of company stock worth $9,793,039. 7.00% of the stock is owned by corporate insiders.
FuboTV Stock Performance
Shares of FuboTV stock traded up $0.05 during midday trading on Thursday, hitting $4.13. The company had a trading volume of 16,524,965 shares, compared to its average volume of 94,782,805. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -6.17 and a beta of 1.78. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The company has a fifty day simple moving average of $2.50 and a 200 day simple moving average of $1.88. FuboTV Inc. has a 12-month low of $1.10 and a 12-month high of $6.45.
FuboTV Company Profile
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Free Report)
fuboTV, Inc engages in providing subscription to sports, news, and entertainment content. It offers its services through streaming devices and on television, mobile phones, tablets, and computers. The company was founded by David Gandler, Alberto Horihuela Suarez, and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.
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