fuboTV Inc. $FUBO Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its stake in shares of fuboTV Inc. (NYSE:FUBO) by 5.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,881 shares of the company’s stock after selling 7,350 shares during the quarter. Hsbc Holdings PLC’s holdings in fuboTV were worth $391,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of FUBO. Nuveen LLC acquired a new position in shares of fuboTV during the first quarter worth about $8,930,000. Vanguard Group Inc. lifted its stake in shares of fuboTV by 13.2% during the first quarter. Vanguard Group Inc. now owns 21,144,463 shares of the company’s stock worth $61,742,000 after purchasing an additional 2,468,067 shares in the last quarter. Two Sigma Investments LP lifted its stake in shares of fuboTV by 4,635.3% during the fourth quarter. Two Sigma Investments LP now owns 512,591 shares of the company’s stock worth $646,000 after purchasing an additional 501,766 shares in the last quarter. Northern Trust Corp lifted its stake in shares of fuboTV by 16.9% during the fourth quarter. Northern Trust Corp now owns 2,999,809 shares of the company’s stock worth $3,780,000 after purchasing an additional 434,406 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of fuboTV by 79.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 740,780 shares of the company’s stock worth $933,000 after purchasing an additional 327,212 shares in the last quarter. Institutional investors and hedge funds own 39.31% of the company’s stock.

fuboTV Trading Up 6.7%

NYSE:FUBO opened at $3.77 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 14.48 and a beta of 2.36. fuboTV Inc. has a one year low of $1.21 and a one year high of $6.45. The business’s 50-day simple moving average is $3.60 and its 200 day simple moving average is $3.31.

Analyst Upgrades and Downgrades

FUBO has been the topic of several recent analyst reports. Wall Street Zen cut fuboTV from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Wedbush reiterated an “outperform” rating and issued a $6.00 price target (up previously from $5.00) on shares of fuboTV in a research note on Wednesday, July 30th. Finally, Needham & Company LLC boosted their price target on fuboTV from $3.00 to $4.25 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $4.63.

Insider Transactions at fuboTV

In related news, Director Daniel V. Leff sold 66,061 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $3.68, for a total value of $243,104.48. Following the completion of the sale, the director directly owned 390,427 shares of the company’s stock, valued at $1,436,771.36. The trade was a 14.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Edgar Bronfman, Jr. sold 59,694 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $3.62, for a total value of $216,092.28. Following the completion of the sale, the chairman directly owned 8,673 shares of the company’s stock, valued at approximately $31,396.26. This represents a 87.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,849 shares of company stock valued at $1,660,612 in the last three months. Corporate insiders own 5.30% of the company’s stock.

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.