Charles Schwab Investment Management Inc. Acquires 200,154 Shares of FuboTV Inc. (NYSE:FUBO)

Charles Schwab Investment Management Inc. raised its holdings in shares of FuboTV Inc. (NYSE:FUBO) by 8.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,588,921 shares of the company’s stock after buying an additional 200,154 shares during the period. Charles Schwab Investment Management Inc. owned about 0.77% of FuboTV worth $3,676,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Marshall Wace LLP increased its stake in shares of FuboTV by 114.1% in the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after buying an additional 4,461,707 shares during the period. Millennium Management LLC grew its holdings in FuboTV by 132.6% in the 2nd quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after acquiring an additional 2,742,780 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of FuboTV by 13.6% in the second quarter. Bank of New York Mellon Corp now owns 1,072,236 shares of the company’s stock valued at $1,330,000 after acquiring an additional 127,978 shares during the period. XTX Topco Ltd raised its stake in shares of FuboTV by 145.1% during the second quarter. XTX Topco Ltd now owns 187,926 shares of the company’s stock valued at $233,000 after acquiring an additional 111,268 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of FuboTV during the third quarter worth about $152,000. 39.31% of the stock is owned by institutional investors.

FuboTV Stock Performance

Shares of FUBO opened at $1.54 on Friday. The company has a 50-day simple moving average of $1.57 and a two-hundred day simple moving average of $1.48. 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 has a market capitalization of $514.50 million, a PE ratio of -2.30 and a beta of 1.74. FuboTV Inc. has a one year low of $1.10 and a one year high of $3.82.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Seaport Res Ptn downgraded FuboTV from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Barrington Research reiterated a “market perform” rating on shares of FuboTV in a research report on Tuesday, August 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $2.00 target price on shares of FuboTV in a report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, FuboTV has an average rating of “Hold” and an average target price of $2.88.

Insider Transactions at FuboTV

In other FuboTV news, CFO John Janedis sold 74,326 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $109,259.22. Following the sale, the chief financial officer now owns 76,766 shares in the company, valued at approximately $112,846.02. This represents a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Alberto Horihuela sold 47,478 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $69,792.66. Following the transaction, the chief operating officer now directly owns 1,471,325 shares of the company’s stock, valued at $2,162,847.75. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

FuboTV Profile

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.