State Street Corp Raises Stock Position in FuboTV Inc. (NYSE:FUBO)

State Street Corp lifted its stake in FuboTV Inc. (NYSE:FUBO) by 1.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,934,875 shares of the company’s stock after buying an additional 132,167 shares during the quarter. State Street Corp’s holdings in FuboTV were worth $9,848,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Millennium Management LLC increased its stake in FuboTV by 132.6% during the 2nd quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock valued at $5,965,000 after purchasing an additional 2,742,780 shares in the last quarter. Marshall Wace LLP raised its holdings in FuboTV by 114.1% in the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after acquiring an additional 4,461,707 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in FuboTV by 8.4% in 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 acquiring an additional 200,154 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in FuboTV by 13.6% during 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 purchasing an additional 127,978 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in shares of FuboTV by 41.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company’s stock worth $61,000 after purchasing an additional 12,431 shares in the last quarter. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Insider Buying and Selling at FuboTV

In other news, COO Alberto Horihuela sold 47,478 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $69,792.66. Following the transaction, the chief operating officer now directly owns 1,471,325 shares in the company, valued at $2,162,847.75. The trade was a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Janedis sold 74,326 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $109,259.22. Following the completion of the transaction, the chief financial officer now directly owns 76,766 shares in the company, valued at approximately $112,846.02. This represents a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

FuboTV Price Performance

FUBO opened at $1.35 on Friday. The company’s 50-day simple moving average is $1.55 and its two-hundred day simple moving average is $1.49. 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 stock has a market capitalization of $451.03 million, a P/E ratio of -2.01 and a beta of 1.74. FuboTV Inc. has a 52-week low of $1.10 and a 52-week high of $3.43.

About FuboTV

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company’s platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.