Principal Financial Group Inc. Lowers Stock Position in FuboTV Inc. (NYSE:FUBO)

Principal Financial Group Inc. decreased its holdings in FuboTV Inc. (NYSE:FUBO) by 25.3% in the 3rd quarter, Holdings Channel reports. The firm owned 21,998 shares of the company’s stock after selling 7,459 shares during the period. Principal Financial Group Inc.’s holdings in FuboTV were worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Millennium Management LLC raised its holdings in shares of FuboTV by 132.6% in the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock valued at $5,965,000 after buying an additional 2,742,780 shares during the last quarter. Marshall Wace LLP raised its stake in FuboTV by 114.1% during the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock valued at $10,383,000 after acquiring an additional 4,461,707 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in FuboTV during the 1st quarter worth approximately $618,000. Bank of New York Mellon Corp grew its stake in shares of FuboTV by 13.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,072,236 shares of the company’s stock valued at $1,330,000 after purchasing an additional 127,978 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of FuboTV by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 183,815 shares of the company’s stock valued at $291,000 after purchasing an additional 9,229 shares during the period. Institutional investors and hedge funds own 39.31% of the company’s stock.

Insider Transactions at FuboTV

In related news, CFO John Janedis sold 74,326 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $109,259.22. Following the completion of the transaction, the chief financial officer now directly owns 76,766 shares of the company’s stock, valued at $112,846.02. This trade represents a 49.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Alberto Horihuela sold 47,478 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $69,792.66. Following the sale, the chief operating officer now owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. The trade was a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

FUBO has been the subject of several recent research reports. Seaport Res Ptn downgraded FuboTV from a “strong-buy” rating to a “hold” rating in a report on Monday, August 19th. Needham & Company LLC restated a “buy” rating and issued a $2.00 target price on shares of FuboTV in a research note on Monday, August 19th. Finally, Barrington Research reiterated a “market perform” rating on shares of FuboTV in a research note on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $2.88.

FuboTV Trading Down 6.7 %

Shares of FUBO stock opened at $1.46 on Wednesday. FuboTV Inc. has a 1-year low of $1.10 and a 1-year high of $3.82. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. The business’s fifty day moving average price is $1.52 and its 200 day moving average price is $1.45. The firm has a market capitalization of $486.10 million, a PE ratio of -2.17 and a beta of 1.76.

FuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company’s platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.