Insider Selling: FuboTV Inc. (NYSE:FUBO) COO Sells 403,847 Shares of Stock

FuboTV Inc. (NYSE:FUBO) COO Alberto Horihuela sold 403,847 shares of FuboTV stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $6.03, for a total value of $2,435,197.41. Following the sale, the chief operating officer now owns 1,449,751 shares in the company, valued at $8,741,998.53. This trade represents a 21.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Alberto Horihuela also recently made the following trade(s):

• On Thursday, November 21st, Alberto Horihuela sold 47,478 shares of FuboTV stock. The stock was sold at an average price of $1.47, for a total value of $69,792.66.

FuboTV Price Performance

Shares of NYSE FUBO opened at $5.11 on Friday. The stock has a fifty day moving average price of $1.86 and a 200 day moving average price of $1.63. FuboTV Inc. has a 1-year low of $1.10 and a 1-year 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. The company has a market cap of $1.71 billion, a PE ratio of -7.63 and a beta of 1.78.

Institutional Trading of FuboTV

Several hedge funds and other institutional investors have recently made changes to their positions in FUBO. Bank of New York Mellon Corp lifted 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 valued at $1,330,000 after purchasing an additional 127,978 shares during the period. XTX Topco Ltd lifted 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 valued at $233,000 after buying an additional 111,268 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of FuboTV in the second quarter valued at approximately $92,000. ProShare Advisors LLC grew its holdings in FuboTV by 71.3% during the second quarter. ProShare Advisors LLC now owns 197,037 shares of the company’s stock worth $244,000 after acquiring an additional 82,042 shares during the period. Finally, Marshall Wace LLP raised its position in FuboTV by 114.1% in the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after acquiring an additional 4,461,707 shares in the last quarter. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “neutral” rating and issued a $4.75 price objective (up from $2.00) on shares of FuboTV in a report on Tuesday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.