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

FuboTV Inc. (NYSE:FUBO) COO Alberto Horihuela sold 403,847 shares of the business’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 directly owns 1,449,751 shares in the company, valued at approximately $8,741,998.53. The trade was a 21.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

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

FuboTV Trading Down 4.5 %

FUBO opened at $5.11 on Friday. 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 stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -7.63 and a beta of 1.78. The business has a fifty day moving average price of $1.86 and a 200 day moving average price of $1.63. FuboTV Inc. has a 12 month low of $1.10 and a 12 month high of $6.45.

Wall Street Analyst Weigh In

Separately, Roth Mkm restated a “neutral” rating and set a $4.75 target price (up from $2.00) on shares of FuboTV in a report on Tuesday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $3.43.

Institutional Trading of FuboTV

A number of large investors have recently made changes to their positions in the company. Marshall Wace LLP grew its holdings in FuboTV by 114.1% during the 2nd 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. Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 425,906 shares in the last quarter. State Street Corp increased its holdings in shares of FuboTV by 1.9% in the 3rd quarter. State Street Corp now owns 6,934,875 shares of the company’s stock valued at $9,848,000 after acquiring an additional 132,167 shares during the last quarter. Millennium Management LLC raised its position in shares of FuboTV by 132.6% during the 2nd quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after acquiring an additional 2,742,780 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in FuboTV by 8.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after purchasing an additional 200,154 shares during the last quarter. 39.31% of the stock is currently owned by hedge funds and other institutional investors.

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.