Swiss National Bank Purchases 62,500 Shares of FuboTV Inc. (NYSE:FUBO)

Swiss National Bank increased its position in FuboTV Inc. (NYSE:FUBO) by 10.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 647,800 shares of the company’s stock after buying an additional 62,500 shares during the quarter. Swiss National Bank owned 0.19% of FuboTV worth $816,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC increased its position 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 during the period. Geode Capital Management LLC increased 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 valued at $10,087,000 after purchasing an additional 425,906 shares during the period. Charles Schwab Investment Management Inc. raised its position in FuboTV by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after purchasing an additional 200,154 shares during the last quarter. State Street Corp raised its position in FuboTV by 1.9% during the 3rd quarter. State Street Corp now owns 6,934,875 shares of the company’s stock valued at $9,848,000 after purchasing an additional 132,167 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in FuboTV in the 3rd quarter worth approximately $152,000. 39.31% of the stock is currently owned by institutional investors.

Insider Activity at FuboTV

In related news, CEO David Gandler sold 1,425,888 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.01, for a total transaction of $7,143,698.88. Following the completion of the transaction, the chief executive officer now owns 346,817 shares of the company’s stock, valued at $1,737,553.17. This trade represents a 80.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Janedis sold 25,823 shares of the business’s 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 disclosure for this sale can be found here. Insiders sold a total of 1,861,426 shares of company stock valued at $9,721,411 in the last three months. Company insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FUBO shares. UBS Group set a $3.50 target price on FuboTV in a research note on Monday, March 3rd. 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 research report on Monday, March 3rd. Wedbush reaffirmed an “outperform” rating and issued a $6.40 target price on shares of FuboTV in a research report on Friday, February 28th. Roth Mkm reaffirmed a “neutral” rating and set a $4.75 target price (up previously from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Finally, Huber Research raised shares of FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4.21.

FuboTV Stock Performance

Shares of FUBO stock opened at $2.91 on Friday. The company’s fifty day moving average price is $3.57 and its 200-day moving average price is $2.46. The stock has a market cap of $991.99 million, a PE ratio of -4.34 and a beta of 2.02. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. FuboTV Inc. has a 12 month low of $1.10 and a 12 month high of $6.45.

FuboTV Profile

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.