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

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 stock was sold at an average price of $6.03, for a total transaction 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. The trade was a 21.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 transaction of $69,792.66.

FuboTV Trading Down 4.5 %

Shares of NYSE FUBO opened at $5.11 on Friday. The business has a 50-day moving average price of $1.86 and a two-hundred day moving average price of $1.64. FuboTV Inc. has a one year low of $1.10 and a one year high of $6.45. The firm has a market capitalization of $1.71 billion, a PE ratio of -7.63 and a beta of 1.78. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

Analyst Ratings Changes

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

Hedge Funds Weigh In On FuboTV

Several institutional investors and hedge funds have recently modified their holdings of FUBO. Bank of New York Mellon Corp boosted its position in 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 valued at $1,330,000 after purchasing an additional 127,978 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of FuboTV by 145.1% during 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 last quarter. Canada Pension Plan Investment Board bought a new stake in shares of FuboTV in the 2nd quarter valued at approximately $92,000. ProShare Advisors LLC increased its holdings in FuboTV by 71.3% in the second quarter. ProShare Advisors LLC now owns 197,037 shares of the company’s stock worth $244,000 after buying an additional 82,042 shares during the last quarter. Finally, Marshall Wace LLP raised its position in FuboTV by 114.1% during the second quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock valued at $10,383,000 after acquiring an additional 4,461,707 shares in 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.