Alberto Horihuela Sells 5,868 Shares of FuboTV Inc. (NYSE:FUBO) Stock

FuboTV Inc. (NYSE:FUBO) COO Alberto Horihuela sold 5,868 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $5.98, for a total value of $35,090.64. Following the completion of the sale, the chief operating officer now owns 1,446,730 shares in the company, valued at approximately $8,651,445.40. This represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, January 7th, Alberto Horihuela sold 403,847 shares of FuboTV stock. The shares were sold at an average price of $6.03, for a total value of $2,435,197.41.
• 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 Up 2.9 %

Shares of FUBO opened at $3.92 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $1.31 billion, a price-to-earnings ratio of -5.85 and a beta of 1.74. The stock has a fifty day moving average price of $1.97 and a two-hundred day moving average price of $1.68. FuboTV Inc. has a 52-week low of $1.10 and a 52-week high of $6.45.

Analyst Ratings Changes

Separately, Roth Mkm restated a “neutral” rating and issued a $4.75 target price (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 given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $3.43.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FUBO. Bank of New York Mellon Corp increased its position in FuboTV by 13.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,072,236 shares of the company’s stock valued at $1,330,000 after acquiring an additional 127,978 shares in the last quarter. XTX Topco Ltd grew its stake in shares of FuboTV by 145.1% during the second quarter. XTX Topco Ltd now owns 187,926 shares of the company’s stock valued at $233,000 after purchasing an additional 111,268 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of FuboTV in the second quarter valued at approximately $92,000. ProShare Advisors LLC raised its position in FuboTV by 71.3% in the 2nd quarter. ProShare Advisors LLC now owns 197,037 shares of the company’s stock worth $244,000 after purchasing an additional 82,042 shares during the last quarter. Finally, Marshall Wace LLP lifted 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 buying an additional 4,461,707 shares in the last quarter. 39.31% of the stock is owned by institutional investors.

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.