Geode Capital Management LLC Buys 365,827 Shares of FuboTV Inc. (NYSE:FUBO)

Geode Capital Management LLC lifted its holdings in FuboTV Inc. (NYSE:FUBO - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,467,867 shares of the company's stock after buying an additional 365,827 shares during the period. Geode Capital Management LLC owned about 2.24% of FuboTV worth $9,412,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FUBO. Barclays PLC increased its stake in FuboTV by 121.3% in the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company's stock valued at $1,784,000 after buying an additional 688,625 shares during the period. USAdvisors Wealth Management LLC increased its stake in shares of FuboTV by 156.0% in the fourth quarter. USAdvisors Wealth Management LLC now owns 128,000 shares of the company's stock worth $161,000 after acquiring an additional 78,000 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of FuboTV in the fourth quarter worth $57,000. Virtu Financial LLC purchased a new stake in shares of FuboTV during the fourth quarter worth $150,000. Finally, Vanguard Group Inc. boosted its position in FuboTV by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company's stock valued at $23,532,000 after purchasing an additional 1,377,663 shares during the last quarter. Hedge funds and other institutional investors own 39.31% of the company's stock.

Insider Activity at FuboTV

In related news, CFO John Janedis sold 25,823 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $4.16, for a total transaction of $107,423.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.00% of the stock is currently owned by company insiders.

FuboTV Stock Performance

Shares of NYSE:FUBO traded up $0.04 during trading on Friday, reaching $3.03. The stock had a trading volume of 10,089,841 shares, compared to its average volume of 19,305,496. The stock has a fifty day simple moving average of $3.10 and a two-hundred day simple moving average of $2.65. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV Inc. has a 52 week low of $1.10 and a 52 week high of $6.45. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -4.52 and a beta of 2.22.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FUBO shares. Huber Research raised FuboTV to a "strong-buy" rating in a research report on Friday, January 31st. Needham & Company LLC increased their price objective on FuboTV from $2.00 to $3.50 and gave the stock a "buy" rating in a report on Monday, March 3rd. Wedbush reaffirmed an "outperform" rating and set a $6.40 price objective on shares of FuboTV in a research report on Friday, February 28th. Roth Mkm reissued a "neutral" rating and issued a $4.75 target price (up from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Finally, UBS Group set a $3.50 price target on shares of FuboTV in a report on Monday, March 3rd. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, FuboTV currently has a consensus rating of "Moderate Buy" and a consensus target price of $4.21.

About FuboTV

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.