Principal Financial Group Inc. Sells 7,459 Shares of FuboTV Inc. (NYSE:FUBO)

Principal Financial Group Inc. trimmed its stake in FuboTV Inc. (NYSE:FUBO) by 25.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,998 shares of the company’s stock after selling 7,459 shares during the period. Principal Financial Group Inc.’s holdings in FuboTV were worth $31,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of 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 purchasing an additional 688,625 shares in the last quarter. Geode Capital Management LLC lifted its holdings in FuboTV by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after purchasing an additional 425,906 shares during the last quarter. State Street Corp boosted its position in FuboTV by 1.9% in the third quarter. State Street Corp now owns 6,934,875 shares of the company’s stock valued at $9,848,000 after buying an additional 132,167 shares in the last quarter. FMR LLC grew its stake in FuboTV by 84.5% during the third quarter. FMR LLC now owns 101,914 shares of the company’s stock worth $145,000 after buying an additional 46,670 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of FuboTV by 8.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after buying an additional 200,154 shares in the last quarter. 39.31% of the stock is currently owned by institutional investors.

Insider Activity at FuboTV

In related news, COO Alberto Horihuela sold 47,478 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $69,792.66. Following the transaction, the chief operating officer now owns 1,471,325 shares in the company, valued at $2,162,847.75. This trade represents a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Janedis sold 74,326 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $109,259.22. Following the sale, the chief financial officer now directly owns 76,766 shares of the company’s stock, valued at $112,846.02. This represents a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Roth Mkm restated a “neutral” rating and set a $4.75 price target (up from $2.00) on shares of FuboTV in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $3.43.

FuboTV Trading Up 7.7 %

Shares of NYSE FUBO opened at $5.45 on Wednesday. FuboTV Inc. has a 1-year low of $1.10 and a 1-year high of $6.45. The company has a 50-day moving average of $1.65 and a two-hundred day moving average of $1.55. The company has a market cap of $1.82 billion, a PE ratio of -8.13 and a beta of 1.78. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

FuboTV Company Profile

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.