Barclays PLC Acquires 688,625 Shares of FuboTV Inc. (NYSE:FUBO)

Barclays PLC raised its stake in FuboTV Inc. (NYSE:FUBO) by 121.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,256,459 shares of the company’s stock after buying an additional 688,625 shares during the quarter. Barclays PLC owned about 0.38% of FuboTV worth $1,784,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FUBO. Bank of New York Mellon Corp raised its holdings in shares of FuboTV by 13.6% during 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 during the period. XTX Topco Ltd increased its holdings in FuboTV by 145.1% during 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 in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of FuboTV in the 2nd quarter valued at about $92,000. ProShare Advisors LLC lifted its holdings in shares of FuboTV by 71.3% in the second quarter. ProShare Advisors LLC now owns 197,037 shares of the company’s stock valued at $244,000 after purchasing an additional 82,042 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of FuboTV by 114.1% during the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after buying an additional 4,461,707 shares during the period. Institutional investors own 39.31% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “neutral” rating and issued a $4.75 target price (up previously from $2.00) on shares of FuboTV in a research report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $3.43.

FuboTV Trading Down 4.5 %

FuboTV stock opened at $5.11 on Friday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of -7.63 and a beta of 1.78. The firm has a 50-day moving average of $1.86 and a 200-day moving average of $1.64. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54. FuboTV Inc. has a one year low of $1.10 and a one year high of $6.45.

Insider Buying and Selling

In other FuboTV news, CFO John Janedis sold 74,326 shares of the business’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 transaction of $109,259.22. Following the transaction, the chief financial officer now owns 76,766 shares of the company’s stock, valued at $112,846.02. The trade was a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Alberto Horihuela sold 403,847 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $6.03, for a total value of $2,435,197.41. Following the completion of the sale, the chief operating officer now owns 1,449,751 shares in the company, valued at $8,741,998.53. This represents a 21.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,951,539 shares of company stock worth $9,757,948. Corporate insiders own 7.00% of the company’s stock.

FuboTV Company 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.