FuboTV Inc. (NYSE:FUBO) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in FuboTV Inc. (NYSE:FUBO) by 25.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of FuboTV by 13.6% in the second 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 in the last quarter. XTX Topco Ltd grew its position in FuboTV by 145.1% during the second quarter. XTX Topco Ltd now owns 187,926 shares of the company’s stock valued at $233,000 after purchasing an additional 111,268 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in FuboTV in the 2nd quarter valued at approximately $92,000. ProShare Advisors LLC lifted its position in FuboTV by 71.3% in the 2nd quarter. ProShare Advisors LLC now owns 197,037 shares of the company’s stock worth $244,000 after buying an additional 82,042 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of 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 buying an additional 4,461,707 shares during the period. 39.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FuboTV

In other FuboTV news, COO Alberto Horihuela sold 47,478 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 $69,792.66. Following the completion of the sale, the chief operating officer now owns 1,471,325 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, CFO John Janedis sold 74,326 shares of FuboTV 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 sale, the chief financial officer now directly owns 76,766 shares in the company, valued at $112,846.02. The trade was a 49.19 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

FuboTV Trading Up 7.7 %

Shares of FuboTV stock opened at $5.45 on Wednesday. FuboTV Inc. has a 1 year low of $1.10 and a 1 year high of $6.45. The company’s fifty day simple moving average is $1.65 and its 200-day simple moving average is $1.55. The company has a market cap of $1.82 billion, a price-to-earnings ratio of -8.13 and a beta of 1.78. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Wall Street Analyst Weigh In

Separately, Roth Mkm reissued a “neutral” rating and set a $4.75 price objective (up previously from $2.00) on shares of FuboTV in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.43.

About FuboTV

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.