Fmr LLC Boosts Stake in FuboTV Inc. (NYSE:FUBO)

Fmr LLC lifted its holdings in shares of FuboTV Inc. (NYSE:FUBO) by 84.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 101,914 shares of the company’s stock after purchasing an additional 46,670 shares during the quarter. Fmr LLC’s holdings in FuboTV were worth $145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FUBO. Charles Schwab Investment Management Inc. increased its stake in FuboTV by 8.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after purchasing an additional 200,154 shares during the period. Intech Investment Management LLC purchased a new position in shares of FuboTV in the third quarter valued at approximately $152,000. Apollon Wealth Management LLC grew its holdings in shares of FuboTV by 41.2% in the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock valued at $61,000 after purchasing an additional 12,431 shares in the last quarter. United Advisor Group LLC purchased a new stake in FuboTV during the 3rd quarter worth approximately $26,000. Finally, Hibernia Wealth Partners LLC acquired a new stake in FuboTV during the 3rd quarter worth approximately $27,000. 39.31% of the stock is owned by institutional investors and hedge funds.

FuboTV Price Performance

FUBO stock opened at $1.39 on Monday. The business’s 50-day moving average is $1.56 and its two-hundred day moving average is $1.48. 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 firm has a market capitalization of $464.39 million, a P/E ratio of -2.07 and a beta of 1.74. FuboTV Inc. has a 1 year low of $1.10 and a 1 year high of $3.43.

Insiders Place Their Bets

In other news, CFO John Janedis sold 74,326 shares of the company’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 transaction of $109,259.22. Following the completion of the sale, the chief financial officer now owns 76,766 shares in the company, valued at $112,846.02. This represents a 49.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Alberto Horihuela sold 47,478 shares of FuboTV stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total transaction of $69,792.66. Following the completion of the sale, the chief operating officer now directly owns 1,471,325 shares in the company, valued at approximately $2,162,847.75. The trade was a 3.13 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.

FuboTV 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.