Skandinaviska Enskilda Banken AB publ Raises Holdings in FuboTV Inc. (NYSE:FUBO)

Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of FuboTV Inc. (NYSE:FUBO) by 68.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 110,762 shares of the company’s stock after acquiring an additional 44,961 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in FuboTV were worth $137,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Arizona State Retirement System grew its stake in shares of FuboTV by 10.7% during the fourth quarter. Arizona State Retirement System now owns 95,578 shares of the company’s stock worth $120,000 after acquiring an additional 9,230 shares during the last quarter. EWG Elevate Inc. boosted its position in FuboTV by 50.0% in the fourth quarter. EWG Elevate Inc. now owns 30,000 shares of the company’s stock valued at $38,000 after buying an additional 10,000 shares during the last quarter. Apollon Wealth Management LLC boosted its position in FuboTV by 41.2% in the third quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock valued at $61,000 after buying an additional 12,431 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in FuboTV in the fourth quarter valued at approximately $35,000. Finally, Rhumbline Advisers boosted its position in FuboTV by 6.3% in the fourth quarter. Rhumbline Advisers now owns 507,824 shares of the company’s stock valued at $640,000 after buying an additional 29,908 shares during the last quarter. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Insider Transactions at FuboTV

In other news, COO Alberto Horihuela sold 5,868 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $5.98, for a total transaction of $35,090.64. Following the completion of the transaction, the chief operating officer now directly owns 1,446,730 shares of the company’s stock, valued at $8,651,445.40. This represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO John Janedis sold 25,823 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $4.16, for a total value of $107,423.68. The disclosure for this sale can be found here. Insiders sold a total of 1,861,426 shares of company stock valued at $9,721,411 in the last three months. 7.00% of the stock is currently owned by company insiders.

FuboTV Trading Down 3.6 %

Shares of NYSE:FUBO opened at $3.10 on Wednesday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $1.06 billion, a PE ratio of -4.62 and a beta of 2.02. The business has a 50 day moving average of $3.79 and a two-hundred day moving average of $2.38. FuboTV Inc. has a 12-month low of $1.10 and a 12-month high of $6.45.

Wall Street Analysts Forecast Growth

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

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.