Rpo LLC Takes $48,000 Position in FuboTV Inc. (NYSE:FUBO)

Rpo LLC acquired a new position in shares of FuboTV Inc. (NYSE:FUBO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,863 shares of the company’s stock, valued at approximately $48,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in FuboTV by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company’s stock worth $23,532,000 after purchasing an additional 1,377,663 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of FuboTV by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 7,467,867 shares of the company’s stock worth $9,412,000 after buying an additional 365,827 shares in the last quarter. State Street Corp grew its holdings in shares of FuboTV by 1.9% during the third quarter. State Street Corp now owns 6,934,875 shares of the company’s stock worth $9,848,000 after buying an additional 132,167 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in FuboTV by 6.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,766,631 shares of the company’s stock valued at $3,486,000 after buying an additional 177,710 shares during the last quarter. Finally, Barclays PLC lifted its stake in FuboTV by 121.3% in the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock valued at $1,784,000 after acquiring an additional 688,625 shares in the last quarter. 39.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John Janedis sold 25,823 shares of FuboTV stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $4.16, for a total transaction of $107,423.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,861,426 shares of company stock worth $9,721,411. Company insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FUBO. UBS Group set a $3.50 price target on shares of FuboTV in a research note on Monday, March 3rd. Roth Mkm reiterated a “neutral” rating and issued a $4.75 price target (up from $2.00) on shares of FuboTV in a research note on Tuesday, January 7th. Huber Research upgraded shares of FuboTV to a “strong-buy” rating in a research note on Friday, January 31st. Needham & Company LLC raised their price objective on FuboTV from $2.00 to $3.50 and gave the company a “buy” rating in a report on Monday, March 3rd. Finally, Wedbush reiterated an “outperform” rating and set a $6.40 target price on shares of FuboTV in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4.21.

FuboTV Stock Up 6.4 %

FuboTV stock opened at $3.15 on Thursday. 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’s 50-day moving average is $3.53 and its 200-day moving average is $2.49. The firm has a market capitalization of $1.08 billion, a PE ratio of -4.70 and a beta of 2.02. FuboTV Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $6.45.

FuboTV 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.