Voya Investment Management LLC Sells 3,555 Shares of fuboTV Inc. $FUBO

Voya Investment Management LLC decreased its position in fuboTV Inc. (NYSE:FUBO) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,665 shares of the company’s stock after selling 3,555 shares during the period. Voya Investment Management LLC’s holdings in fuboTV were worth $253,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FUBO. Vanguard Group Inc. boosted its holdings in fuboTV by 13.2% during the first quarter. Vanguard Group Inc. now owns 21,144,463 shares of the company’s stock worth $61,742,000 after buying an additional 2,468,067 shares during the last quarter. Jump Financial LLC bought a new position in fuboTV during the first quarter worth about $3,752,000. Bank of New York Mellon Corp boosted its holdings in fuboTV by 8.1% during the first quarter. Bank of New York Mellon Corp now owns 983,346 shares of the company’s stock worth $2,871,000 after buying an additional 74,001 shares during the last quarter. Nuveen LLC bought a new position in fuboTV during the first quarter worth about $8,930,000. Finally, Teacher Retirement System of Texas bought a new position in fuboTV during the first quarter worth about $266,000. Institutional investors own 39.31% of the company’s stock.

Insider Transactions at fuboTV

In related news, Director Daniel V. Leff sold 66,061 shares of fuboTV stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $3.68, for a total value of $243,104.48. Following the sale, the director owned 390,427 shares of the company’s stock, valued at approximately $1,436,771.36. This trade represents a 14.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ignacio Figueras sold 66,061 shares of fuboTV 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 sale, the director directly owned 402,009 shares in the company, valued at approximately $1,712,558.34. This represents a 14.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 426,849 shares of company stock worth $1,660,612 in the last 90 days. 5.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wall Street Zen cut fuboTV from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Needham & Company LLC raised their target price on fuboTV from $3.00 to $4.25 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Wedbush restated an “outperform” rating and set a $6.00 target price (up previously from $5.00) on shares of fuboTV in a 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 given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $4.63.

fuboTV Trading Up 1.9%

NYSE FUBO opened at $4.28 on Tuesday. The firm has a market cap of $1.47 billion, a P/E ratio of 16.46 and a beta of 2.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.69 and a quick ratio of 0.69. The stock’s 50-day moving average is $3.84 and its 200-day moving average is $3.41. fuboTV Inc. has a one year low of $1.21 and a one year high of $6.45.

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.