Fmr LLC Buys 46,670 Shares of FuboTV Inc. (NYSE:FUBO)

Fmr LLC boosted its stake in FuboTV Inc. (NYSE:FUBO) by 84.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,914 shares of the company’s stock after purchasing an additional 46,670 shares during the quarter. Fmr LLC’s holdings in FuboTV were worth $145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp grew its position in 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 worth $1,330,000 after acquiring an additional 127,978 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in shares of FuboTV in the 2nd quarter valued at approximately $76,000. XTX Topco Ltd boosted its holdings in shares of FuboTV by 145.1% in the 2nd quarter. XTX Topco Ltd now owns 187,926 shares of the company’s stock worth $233,000 after purchasing an additional 111,268 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of FuboTV during the 2nd quarter valued at approximately $92,000. Finally, ProShare Advisors LLC raised its holdings in FuboTV by 71.3% during the 2nd quarter. ProShare Advisors LLC now owns 197,037 shares of the company’s stock valued at $244,000 after buying an additional 82,042 shares during the period. Institutional investors own 39.31% of the company’s stock.

Insider Activity at FuboTV

In related news, COO Alberto Horihuela sold 47,478 shares of FuboTV 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John Janedis sold 74,326 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 76,766 shares of the company’s stock, valued at $112,846.02. This trade 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 corporate insiders.

FuboTV Stock Up 5.3 %

Shares of FUBO opened at $1.39 on Monday. The firm has a fifty day moving average price of $1.56 and a 200-day moving average price of $1.48. 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 firm has a market capitalization of $464.39 million, a P/E ratio of -2.07 and a beta of 1.74. FuboTV Inc. has a 12-month low of $1.10 and a 12-month high of $3.43.

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.