FuboTV Inc. (NYSE:FUBO) COO Sells $35,090.64 in Stock

FuboTV Inc. (NYSE:FUBO) COO Alberto Horihuela sold 5,868 shares of FuboTV stock in a transaction on Friday, January 10th. The stock was sold at an average price of $5.98, for a total transaction of $35,090.64. Following the transaction, the chief operating officer now directly owns 1,446,730 shares of the company’s stock, valued at $8,651,445.40. This represents a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Alberto Horihuela also recently made the following trade(s):

• On Tuesday, January 7th, Alberto Horihuela sold 403,847 shares of FuboTV stock. The stock was sold at an average price of $6.03, for a total value of $2,435,197.41.
• On Thursday, November 21st, Alberto Horihuela sold 47,478 shares of FuboTV stock. The shares were sold at an average price of $1.47, for a total value of $69,792.66.

FuboTV Trading Up 1.4 %

NYSE:FUBO opened at $3.99 on Friday. The firm has a fifty day simple moving average of $2.02 and a two-hundred day simple moving average of $1.70. FuboTV Inc. has a 12 month low of $1.10 and a 12 month high of $6.45. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -5.95 and a beta of 1.78. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Wall Street Analyst Weigh In

Separately, Roth Mkm reaffirmed a “neutral” rating and set a $4.75 target price (up previously from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $3.43.

Institutional Trading of FuboTV

Large investors have recently made changes to their positions in the company. Marshall Wace LLP boosted its holdings in FuboTV by 114.1% in the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after acquiring an additional 4,461,707 shares in the last quarter. Millennium Management LLC raised its position in shares of FuboTV by 132.6% during the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after purchasing an additional 2,742,780 shares during the period. Barclays PLC raised its position in shares of FuboTV by 121.3% during the third quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after purchasing an additional 688,625 shares during the period. Geode Capital Management LLC lifted its holdings in shares of FuboTV by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock worth $10,087,000 after purchasing an additional 425,906 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in FuboTV by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after purchasing an additional 200,154 shares during the period. 39.31% of the stock is currently owned by institutional investors and hedge funds.

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.