Swiss National Bank Grows Stock Holdings in fuboTV Inc. $FUBO

Swiss National Bank raised its position in shares of fuboTV Inc. (NYSE:FUBO) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 657,100 shares of the company’s stock after buying an additional 9,300 shares during the quarter. Swiss National Bank owned about 0.19% of fuboTV worth $1,919,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of fuboTV by 13.2% in the 1st quarter. Vanguard Group Inc. now owns 21,144,463 shares of the company’s stock valued at $61,742,000 after purchasing an additional 2,468,067 shares during the last quarter. Two Sigma Investments LP raised its position in shares of fuboTV by 4,635.3% in the 4th quarter. Two Sigma Investments LP now owns 512,591 shares of the company’s stock valued at $646,000 after purchasing an additional 501,766 shares during the last quarter. Barclays PLC raised its position in shares of fuboTV by 38.4% in the 4th quarter. Barclays PLC now owns 1,738,929 shares of the company’s stock valued at $2,191,000 after purchasing an additional 482,470 shares during the last quarter. Northern Trust Corp raised its position in shares of fuboTV by 16.9% in the 4th quarter. Northern Trust Corp now owns 2,999,809 shares of the company’s stock valued at $3,780,000 after purchasing an additional 434,406 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of fuboTV by 79.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 740,780 shares of the company’s stock valued at $933,000 after purchasing an additional 327,212 shares during the last quarter. 39.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FUBO. Wedbush reaffirmed an “outperform” rating and issued a $6.00 price objective (up from $5.00) on shares of fuboTV in a research report on Wednesday, July 30th. Needham & Company LLC increased their price objective on shares of fuboTV from $3.00 to $4.25 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen lowered shares of fuboTV from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $4.63.

Insider Buying and Selling at fuboTV

In other fuboTV news, Director Laura Diane Onopchenko sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $3.92, for a total transaction of $392,000.00. Following the completion of the transaction, the director directly owned 283,070 shares of the company’s stock, valued at approximately $1,109,634.40. This trade represents a 26.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel V. Leff sold 75,339 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $4.14, for a total transaction of $311,903.46. Following the transaction, the director directly owned 375,395 shares of the company’s stock, valued at $1,554,135.30. This represents a 16.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 426,849 shares of company stock valued at $1,660,612. 5.30% of the stock is owned by corporate insiders.

fuboTV Stock Performance

FUBO opened at $3.4850 on Friday. fuboTV Inc. has a 12-month low of $1.21 and a 12-month high of $6.45. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.19 billion, a PE ratio of 13.40 and a beta of 2.28. The firm has a 50 day moving average of $3.55 and a two-hundred day moving average of $3.32.

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.