FuboTV Inc. (NYSE:FUBO) Shares Bought by Xponance Inc.

Xponance Inc. grew its stake in shares of FuboTV Inc. (NYSE:FUBO) by 19.1% in the 4th quarter, Holdings Channel reports. The firm owned 23,002 shares of the company’s stock after acquiring an additional 3,689 shares during the quarter. Xponance Inc.’s holdings in FuboTV were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC boosted its stake 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 period. State Street Corp raised its holdings in shares of FuboTV by 1.9% during 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of FuboTV by 6.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,766,631 shares of the company’s stock worth $3,486,000 after buying an additional 177,710 shares during the period. Barclays PLC grew its holdings in FuboTV by 121.3% in the 3rd 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 in the last quarter. Finally, Bank of New York Mellon Corp increased its position in FuboTV by 7.3% in the 4th quarter. Bank of New York Mellon Corp now owns 909,345 shares of the company’s stock valued at $1,146,000 after acquiring an additional 61,995 shares during the period. 39.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO John Janedis sold 25,823 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $4.16, for a total transaction of $107,423.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Gandler sold 1,425,888 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the transaction, the chief executive officer now directly owns 346,817 shares of the company’s stock, valued at $1,737,553.17. This represents a 80.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,861,426 shares of company stock worth $9,721,411 in the last quarter. 7.00% of the stock is currently owned by company insiders.

FuboTV Stock Down 3.8 %

FUBO stock opened at $2.91 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a market cap of $991.99 million, a PE ratio of -4.34 and a beta of 2.02. FuboTV Inc. has a 1 year low of $1.10 and a 1 year high of $6.45. The company has a fifty day simple moving average of $3.57 and a 200 day simple moving average of $2.46.

Wall Street Analysts Forecast Growth

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

FuboTV 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.