Dimensional Fund Advisors LP Sells 351,850 Shares of FuboTV Inc. (NYSE:FUBO)

Dimensional Fund Advisors LP trimmed its position in shares of FuboTV Inc. (NYSE:FUBO) by 35.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 648,433 shares of the company’s stock after selling 351,850 shares during the period. Dimensional Fund Advisors LP owned 0.19% of FuboTV worth $817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FUBO. Vanguard Group Inc. grew its stake in shares of FuboTV by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company’s stock valued at $23,532,000 after acquiring an additional 1,377,663 shares in the last quarter. Geode Capital Management LLC grew its position in FuboTV by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 7,467,867 shares of the company’s stock worth $9,412,000 after acquiring an additional 365,827 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of FuboTV by 45.1% in the fourth quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company’s stock valued at $5,449,000 after buying an additional 1,344,956 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of FuboTV by 6.9% during the fourth 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. Finally, Barclays PLC raised its position in FuboTV by 38.4% during the 4th quarter. Barclays PLC now owns 1,738,929 shares of the company’s stock worth $2,191,000 after purchasing an additional 482,470 shares during the last quarter. 39.31% of the stock is owned by institutional investors.

FuboTV Stock Up 9.0%

FUBO stock opened at $3.22 on Friday. The business has a 50 day moving average of $2.94 and a 200 day moving average of $2.78. The firm has a market cap of $1.10 billion, a PE ratio of -4.80 and a beta of 2.19. FuboTV Inc. has a twelve month low of $1.10 and a twelve month high of $6.45. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Needham & Company LLC dropped their price target on shares of FuboTV from $3.35 to $3.00 and set a “buy” rating on the stock in a research report on Monday, May 5th. UBS Group set a $3.50 target price on FuboTV in a report on Monday, March 3rd. Huber Research raised FuboTV to a “strong-buy” rating in a research report on Friday, January 31st. Finally, Wedbush cut their target price on FuboTV from $6.40 to $5.00 and set an “outperform” rating for the company in a research note on Monday, May 5th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, FuboTV currently has an average rating of “Moderate Buy” and an average price target of $4.06.

Insider Buying and Selling at FuboTV

In related news, CFO John Janedis sold 25,823 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $4.16, for a total transaction of $107,423.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.30% of the company’s stock.

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.