Charles Schwab Investment Management Inc. Has $8.06 Million Position in fuboTV Inc. $FUBO

Charles Schwab Investment Management Inc. cut its stake in shares of fuboTV Inc. (NYSE:FUBO) by 0.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,761,276 shares of the company’s stock after selling 5,355 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.81% of fuboTV worth $8,063,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in shares of fuboTV by 2.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 109,816 shares of the company’s stock valued at $138,000 after purchasing an additional 2,668 shares during the period. Principal Financial Group Inc. lifted its stake in shares of fuboTV by 23.3% in the 1st quarter. Principal Financial Group Inc. now owns 22,468 shares of the company’s stock valued at $66,000 after purchasing an additional 4,239 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of fuboTV by 17.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 52,925 shares of the company’s stock valued at $155,000 after purchasing an additional 7,705 shares during the period. Invesco Ltd. lifted its stake in shares of fuboTV by 1.8% in the 4th quarter. Invesco Ltd. now owns 487,104 shares of the company’s stock valued at $614,000 after purchasing an additional 8,475 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of fuboTV by 77.0% in the 1st quarter. Mackenzie Financial Corp now owns 20,454 shares of the company’s stock valued at $60,000 after purchasing an additional 8,900 shares during the period. 39.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FUBO has been the subject of a number of research analyst reports. Needham & Company LLC boosted their target price on fuboTV from $3.00 to $4.25 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Wall Street Zen lowered fuboTV from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $6.00 target price (up from $5.00) on shares of fuboTV in a research report on Wednesday, July 30th. One 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 stock presently has an average rating of “Buy” and an average price target of $4.63.

fuboTV Stock Performance

Shares of FUBO opened at $3.48 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a 50 day moving average price of $3.56 and a two-hundred day moving average price of $3.31. The firm has a market capitalization of $1.19 billion, a P/E ratio of 13.38 and a beta of 2.28. fuboTV Inc. has a 52 week low of $1.21 and a 52 week high of $6.45.

Insider Buying and Selling

In other fuboTV news, Chairman Edgar Bronfman, Jr. sold 59,694 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $3.62, for a total transaction of $216,092.28. Following the completion of the sale, the chairman directly owned 8,673 shares of the company’s stock, valued at approximately $31,396.26. The trade was a 87.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ignacio Figueras sold 66,061 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $4.26, for a total value of $281,419.86. Following the completion of the transaction, the director directly owned 402,009 shares of the company’s stock, valued at approximately $1,712,558.34. This represents a 14.11% 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. Company insiders own 5.30% of the company’s stock.

About fuboTV

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.