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

Principal Financial Group Inc. reduced its position in FuboTV Inc. (NYSE:FUBO) by 25.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,998 shares of the company’s stock after selling 7,459 shares during the quarter. Principal Financial Group Inc.’s holdings in FuboTV were worth $31,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. United Advisor Group LLC purchased a new position in shares of FuboTV in the third quarter valued at approximately $26,000. Hibernia Wealth Partners LLC purchased a new position in FuboTV in the 3rd quarter valued at approximately $27,000. Public Employees Retirement System of Ohio acquired a new position in shares of FuboTV in the first quarter worth $44,000. Algert Global LLC purchased a new stake in shares of FuboTV during the second quarter worth $37,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of FuboTV in the second quarter valued at $76,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on FUBO shares. Barrington Research reissued a “market perform” rating on shares of FuboTV in a research note on Tuesday, August 20th. Seaport Res Ptn downgraded FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $2.00 target price on shares of FuboTV in a report on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $2.88.

FuboTV Stock Down 6.7 %

Shares of NYSE FUBO opened at $1.46 on Wednesday. The business has a 50-day moving average of $1.52 and a two-hundred day moving average of $1.45. The company has a market capitalization of $486.10 million, a price-to-earnings ratio of -2.17 and a beta of 1.76. 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.

Insider Buying and Selling

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