Dimensional Fund Advisors LP Has $817,000 Stock Position in FuboTV Inc. (NYSE:FUBO)

Dimensional Fund Advisors LP lowered its position in shares of FuboTV Inc. (NYSE:FUBO - Free Report) by 35.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 648,433 shares of the company's stock after selling 351,850 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.19% of FuboTV worth $817,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FUBO. Xponance Inc. raised its position in shares of FuboTV by 19.1% during the 4th quarter. Xponance Inc. now owns 23,002 shares of the company's stock valued at $29,000 after acquiring an additional 3,689 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of FuboTV in the 4th quarter valued at $35,000. Cibc World Markets Corp acquired a new stake in FuboTV during the 4th quarter worth $38,000. Marathon Trading Investment Management LLC acquired a new stake in FuboTV during the 4th quarter worth $40,000. Finally, Integrity Wealth Solutions LLC bought a new position in FuboTV during the fourth quarter worth about $47,000. Institutional investors own 39.31% of the company's stock.

FuboTV Stock Up 4.4%

Shares of NYSE:FUBO traded up $0.14 during mid-day trading on Monday, reaching $3.35. 24,791,649 shares of the stock were exchanged, compared to its average volume of 19,938,143. The stock's 50 day simple moving average is $2.94 and its 200-day simple moving average is $2.79. FuboTV Inc. has a one year low of $1.10 and a one year high of $6.45. The company has a market cap of $1.14 billion, a P/E ratio of -5.00 and a beta of 2.19. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50.

Analysts Set New Price Targets

A number of research firms have issued reports on FUBO. Huber Research raised FuboTV to a "strong-buy" rating in a research note on Friday, January 31st. Needham & Company LLC decreased their price objective on FuboTV from $3.35 to $3.00 and set a "buy" rating for the company in a research report on Monday, May 5th. UBS Group set a $3.50 target price on shares of FuboTV in a report on Monday, March 3rd. Finally, Wedbush reduced their price target on shares of FuboTV from $6.40 to $5.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $4.06.

Insiders Place Their Bets

In other FuboTV news, CFO John Janedis sold 25,823 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $4.16, for a total transaction of $107,423.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.30% of the company's stock.

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.