Charles Schwab Investment Management Inc. Increases Stake in FuboTV Inc. (NYSE:FUBO)

Charles Schwab Investment Management Inc. raised its position in FuboTV Inc. (NYSE:FUBO) by 6.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,766,631 shares of the company’s stock after acquiring an additional 177,710 shares during the period. Charles Schwab Investment Management Inc.’s holdings in FuboTV were worth $3,486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its holdings in shares of FuboTV by 121.3% in the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock valued at $1,784,000 after purchasing an additional 688,625 shares in the last quarter. USAdvisors Wealth Management LLC grew its holdings in FuboTV by 156.0% in the fourth quarter. USAdvisors Wealth Management LLC now owns 128,000 shares of the company’s stock valued at $161,000 after purchasing an additional 78,000 shares during the last quarter. Geode Capital Management LLC increased its position in shares of FuboTV by 6.4% in the third quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after buying an additional 425,906 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of FuboTV during the 4th quarter worth approximately $57,000. Finally, SG Americas Securities LLC lifted its holdings in FuboTV by 79.8% in the 4th quarter. SG Americas Securities LLC now owns 197,335 shares of the company’s stock valued at $249,000 after purchasing an additional 87,603 shares in the last quarter. Hedge funds and other institutional investors own 39.31% of the company’s stock.

FuboTV Price Performance

NYSE FUBO opened at $3.01 on Friday. The stock’s 50-day moving average price is $3.59 and its two-hundred day moving average price is $2.45. FuboTV Inc. has a 1 year low of $1.10 and a 1 year high of $6.45. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The company has a market cap of $1.03 billion, a PE ratio of -4.50 and a beta of 2.02.

Wall Street Analysts Forecast Growth

FUBO has been the topic of a number of recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $6.40 price target on shares of FuboTV in a research note on Friday, February 28th. Needham & Company LLC upped their target price on FuboTV from $2.00 to $3.50 and gave the company a “buy” rating in a research report on Monday, March 3rd. Huber Research raised shares of FuboTV to a “strong-buy” rating in a report on Friday, January 31st. Roth Mkm restated a “neutral” rating and set a $4.75 price target (up previously from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Finally, UBS Group set a $3.50 price target on shares of FuboTV in a research report on Monday, March 3rd. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4.21.

Insider Buying and Selling at FuboTV

In other FuboTV news, COO Alberto Horihuela sold 403,847 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $6.03, for a total value of $2,435,197.41. Following the sale, the chief operating officer now owns 1,449,751 shares of the company’s stock, valued at $8,741,998.53. This trade represents a 21.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO David Gandler sold 1,425,888 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the completion of the sale, the chief executive officer now owns 346,817 shares in the company, valued at $1,737,553.17. This represents a 80.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,861,426 shares of company stock worth $9,721,411. 7.00% of the stock is currently owned by company insiders.

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.