UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stake in FuboTV Inc. (NYSE:FUBO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of FuboTV Inc. (NYSE:FUBO) by 20.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 413,568 shares of the company’s stock after selling 107,360 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of FuboTV worth $587,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. United Advisor Group LLC purchased a new position in FuboTV during the third quarter worth about $26,000. Hibernia Wealth Partners LLC purchased a new position in shares of FuboTV during the 3rd quarter worth approximately $27,000. Algert Global LLC acquired a new stake in FuboTV in the 2nd quarter valued at approximately $37,000. Apollon Wealth Management LLC lifted its stake in FuboTV by 41.2% during the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock worth $61,000 after purchasing an additional 12,431 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in shares of FuboTV during the second quarter worth $76,000. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

FuboTV Trading Up 5.3 %

Shares of NYSE FUBO opened at $1.39 on Friday. The stock has a fifty day simple moving average of $1.56 and a 200-day simple moving average of $1.48. FuboTV Inc. has a twelve month low of $1.10 and a twelve month high of $3.43. 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 stock has a market capitalization of $464.39 million, a PE ratio of -2.07 and a beta of 1.74.

Insiders Place Their Bets

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

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.