FuboTV Inc. (NYSE:FUBO) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its holdings in shares of FuboTV Inc. (NYSE:FUBO) by 74.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 253,906 shares of the company’s stock after selling 750,625 shares during the period. HighTower Advisors LLC’s holdings in FuboTV were worth $320,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Marathon Trading Investment Management LLC acquired a new position in FuboTV during the fourth quarter worth $40,000. Raymond James Financial Inc. purchased a new position in shares of FuboTV in the 4th quarter valued at about $35,000. Arizona State Retirement System lifted its stake in shares of FuboTV by 10.7% in the fourth quarter. Arizona State Retirement System now owns 95,578 shares of the company’s stock valued at $120,000 after purchasing an additional 9,230 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in 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 in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in FuboTV during the fourth quarter worth about $57,000. 39.31% of the stock is owned by institutional investors and hedge funds.

FuboTV Price Performance

FuboTV stock opened at $2.97 on Wednesday. The stock has a market capitalization of $1.01 billion, a P/E ratio of -4.43 and a beta of 2.02. FuboTV Inc. has a 12-month low of $1.10 and a 12-month high of $6.45. 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 firm’s 50-day moving average is $3.54 and its two-hundred day moving average is $2.48.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CFO John Janedis sold 25,823 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $4.16, for a total value of $107,423.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Gandler sold 1,425,888 shares of FuboTV stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 346,817 shares in the company, valued at approximately $1,737,553.17. This trade represents a 80.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,861,426 shares of company stock worth $9,721,411. 7.00% of the stock is owned by insiders.

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.