Northern Trust Corp Buys 434,406 Shares of FuboTV Inc. (NYSE:FUBO)

Northern Trust Corp grew its stake in FuboTV Inc. (NYSE:FUBO) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,999,809 shares of the company’s stock after purchasing an additional 434,406 shares during the period. Northern Trust Corp owned approximately 0.90% of FuboTV worth $3,780,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Xponance Inc. grew its stake in shares of FuboTV by 19.1% in the 4th quarter. Xponance Inc. now owns 23,002 shares of the company’s stock valued at $29,000 after purchasing an additional 3,689 shares during the period. Raymond James Financial Inc. bought a new stake in shares of FuboTV in the 4th quarter valued at approximately $35,000. Cibc World Markets Corp bought a new stake in shares of FuboTV in the 4th quarter valued at approximately $38,000. Marathon Trading Investment Management LLC bought a new stake in shares of FuboTV in the 4th quarter valued at approximately $40,000. Finally, Integrity Wealth Solutions LLC bought a new stake in shares of FuboTV in the 4th quarter valued at approximately $47,000. 39.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Needham & Company LLC lowered their price objective on FuboTV from $3.35 to $3.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. Wedbush lowered their price objective on FuboTV from $6.40 to $5.00 and set an “outperform” rating on the stock in a research note on Monday, May 5th. Huber Research upgraded FuboTV to a “strong-buy” rating in a research report on Friday, January 31st. Finally, UBS Group set a $3.50 price target on FuboTV in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, FuboTV presently has a consensus rating of “Moderate Buy” and an average price target of $4.06.

FuboTV Stock Up 1.6%

NYSE FUBO opened at $3.14 on Friday. The firm has a market cap of $1.07 billion, a PE ratio of -4.69 and a beta of 2.19. FuboTV Inc. has a one year low of $1.10 and a one year high of $6.45. The stock’s 50 day simple moving average is $2.94 and its 200 day simple moving average is $2.83. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54.

FuboTV Company 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.