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

FuboTV Inc. (NYSE:FUBO) COO Alberto Horihuela sold 403,847 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 1,449,751 shares of the company’s stock, valued at $8,741,998.53. This represents a 21.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $1.47, for a total value of $69,792.66.

FuboTV Stock Down 4.5 %

Shares of FuboTV stock 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. FuboTV Inc. has a 1-year low of $1.10 and a 1-year high of $6.45. The business’s fifty day moving average price is $1.86 and its two-hundred day moving average price is $1.64. The company has a market capitalization of $1.71 billion, a P/E ratio of -7.63 and a beta of 1.78.

Institutional Investors Weigh In On FuboTV

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP increased its stake in FuboTV by 114.1% during the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock valued at $10,383,000 after buying an additional 4,461,707 shares during the period. Millennium Management LLC raised its holdings in FuboTV by 132.6% during the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after purchasing an additional 2,742,780 shares in the last quarter. Barclays PLC lifted its position in FuboTV by 121.3% in the third quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after purchasing an additional 688,625 shares during the period. Geode Capital Management LLC boosted its stake in FuboTV by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock valued at $10,087,000 after purchasing an additional 425,906 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in FuboTV by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock valued at $3,676,000 after purchasing an additional 200,154 shares in the last quarter. 39.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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