fuboTV Inc. (NYSE:FUBO) Shares Sold by Citigroup Inc.

Citigroup Inc. cut its stake in fuboTV Inc. (NYSE:FUBOFree Report) by 47.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,619 shares of the company’s stock after selling 60,057 shares during the period. Citigroup Inc.’s holdings in fuboTV were worth $178,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FUBO. Vanguard Group Inc. increased its holdings in shares of fuboTV by 1.6% during the third quarter. Vanguard Group Inc. now owns 16,360,941 shares of the company’s stock valued at $58,082,000 after purchasing an additional 262,198 shares during the period. BlackRock Inc. increased its holdings in shares of fuboTV by 4.6% during the first quarter. BlackRock Inc. now owns 10,266,847 shares of the company’s stock valued at $67,454,000 after purchasing an additional 454,483 shares during the period. Morgan Stanley increased its holdings in shares of fuboTV by 69.3% during the fourth quarter. Morgan Stanley now owns 5,070,725 shares of the company’s stock valued at $8,823,000 after purchasing an additional 2,074,775 shares during the period. Geode Capital Management LLC increased its holdings in shares of fuboTV by 29.4% during the second quarter. Geode Capital Management LLC now owns 4,747,844 shares of the company’s stock valued at $9,876,000 after purchasing an additional 1,077,368 shares during the period. Finally, Marshall Wace LLP increased its holdings in shares of fuboTV by 59.9% during the fourth quarter. Marshall Wace LLP now owns 4,734,838 shares of the company’s stock valued at $8,239,000 after purchasing an additional 1,774,302 shares during the period. 39.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at fuboTV

In related news, CFO John Janedis sold 18,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1.90, for a total value of $34,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FUBO shares. Needham & Company LLC decreased their target price on fuboTV from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Wedbush reaffirmed an “outperform” rating and set a $5.00 target price on shares of fuboTV in a research note on Monday, March 4th. Roth Mkm decreased their target price on fuboTV from $3.25 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, February 7th. Evercore ISI decreased their target price on fuboTV from $3.00 to $2.50 and set an “in-line” rating for the company in a research note on Monday, March 4th. Finally, Cantor Fitzgerald started coverage on fuboTV in a research note on Tuesday, December 12th. They set an “overweight” rating and a $5.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, fuboTV has a consensus rating of “Moderate Buy” and an average target price of $3.42.

Check Out Our Latest Research Report on FUBO

fuboTV Trading Up 1.3 %

NYSE:FUBO opened at $1.58 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. fuboTV Inc. has a 1-year low of $1.03 and a 1-year high of $3.87. The firm has a market capitalization of $473.21 million, a price-to-earnings ratio of -1.48 and a beta of 2.02. The stock has a fifty day simple moving average of $1.99 and a 200 day simple moving average of $2.54.

fuboTV (NYSE:FUBOGet Free Report) last released its quarterly earnings results on Friday, March 1st. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.08. fuboTV had a negative return on equity of 72.09% and a negative net margin of 21.01%. The business had revenue of $410.18 million during the quarter, compared to analyst estimates of $397.37 million. Sell-side analysts forecast that fuboTV Inc. will post -0.68 earnings per share for the current year.

fuboTV Profile

(Free Report)

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.

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Institutional Ownership by Quarter for fuboTV (NYSE:FUBO)

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