Swiss National Bank Raises Holdings in FuboTV Inc. (NYSE:FUBO)

Swiss National Bank grew its holdings in FuboTV Inc. (NYSE:FUBO) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 647,800 shares of the company’s stock after purchasing an additional 62,500 shares during the period. Swiss National Bank’s holdings in FuboTV were worth $816,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of FuboTV by 6.4% during the third quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after buying an additional 425,906 shares during the last quarter. State Street Corp lifted its stake in FuboTV by 1.9% during the 3rd quarter. State Street Corp now owns 6,934,875 shares of the company’s stock valued at $9,848,000 after acquiring an additional 132,167 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of FuboTV by 6.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,766,631 shares of the company’s stock valued at $3,486,000 after acquiring an additional 177,710 shares during the last quarter. Barclays PLC boosted its holdings in shares of FuboTV by 121.3% during the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock valued at $1,784,000 after acquiring an additional 688,625 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of FuboTV by 7.3% in the fourth quarter. Bank of New York Mellon Corp now owns 909,345 shares of the company’s stock worth $1,146,000 after acquiring an additional 61,995 shares during the period. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Analysts Set New Price Targets

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

FuboTV Trading Down 3.8 %

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

Insider Buying and Selling

In other FuboTV news, COO Alberto Horihuela sold 403,847 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $6.03, for a total value of $2,435,197.41. Following the completion of the transaction, the chief operating officer now directly owns 1,449,751 shares in the company, valued at $8,741,998.53. This represents a 21.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John Janedis sold 25,823 shares of the firm’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 disclosure for this sale can be found here. In the last three months, insiders have sold 1,861,426 shares of company stock valued at $9,721,411. 7.00% of the stock is owned by company insiders.

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.