SBI Securities Co. Ltd. Purchases Shares of 45,220 FuboTV Inc. (NYSE:FUBO)

SBI Securities Co. Ltd. acquired a new position in shares of FuboTV Inc. (NYSE:FUBO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 45,220 shares of the company’s stock, valued at approximately $57,000.

Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in FuboTV by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock worth $10,087,000 after purchasing an additional 425,906 shares during the last quarter. State Street Corp lifted its holdings in shares of FuboTV by 1.9% during the third quarter. State Street Corp now owns 6,934,875 shares of the company’s stock worth $9,848,000 after buying an additional 132,167 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of FuboTV by 8.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after acquiring an additional 200,154 shares during the period. Barclays PLC grew its stake in shares of FuboTV by 121.3% in the third quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock valued at $1,784,000 after acquiring an additional 688,625 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in FuboTV by 7.3% during the fourth quarter. Bank of New York Mellon Corp now owns 909,345 shares of the company’s stock worth $1,146,000 after acquiring an additional 61,995 shares during the period. Institutional investors own 39.31% of the company’s stock.

FuboTV Stock Down 4.9 %

NYSE FUBO opened at $3.03 on Tuesday. The business has a fifty day moving average price of $3.74 and a two-hundred day moving average price of $2.33. The stock has a market capitalization of $1.03 billion, a PE ratio of -4.51 and a beta of 2.02. FuboTV Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $6.45. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, CFO John Janedis sold 25,823 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Alberto Horihuela sold 5,868 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $5.98, for a total value of $35,090.64. Following the sale, the chief operating officer now directly owns 1,446,730 shares in the company, valued at approximately $8,651,445.40. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,861,426 shares of company stock worth $9,721,411 in the last ninety days. 7.00% of the stock is owned by insiders.

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.