fuboTV Inc. (NYSE:FUBO) Shares Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon Corp increased its stake in fuboTV Inc. by 8.1% in Q1, now owning approximately 983,346 shares worth about $2.87 million.
• FUBO stocks rose by 1.8%, with recent trading values showing a 52-week low of $1.15 and a high of $6.45, leading to a market capitalization of $1.25 billion.
• Several research reports indicate varied analyst ratings on fuboTV, with a consensus "Moderate Buy" rating and an average price target of $4.06.

Bank of New York Mellon Corp raised its stake in shares of fuboTV Inc. (NYSE:FUBO - Free Report) by 8.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 983,346 shares of the company's stock after acquiring an additional 74,001 shares during the period. Bank of New York Mellon Corp owned approximately 0.29% of fuboTV worth $2,871,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FUBO. Raymond James Financial Inc. purchased a new stake in fuboTV during the 4th quarter valued at approximately $35,000. Swiss National Bank boosted its stake in fuboTV by 10.7% during the fourth quarter. Swiss National Bank now owns 647,800 shares of the company's stock worth $816,000 after buying an additional 62,500 shares during the period. Xponance Inc. boosted its stake in fuboTV by 19.1% during the fourth quarter. Xponance Inc. now owns 23,002 shares of the company's stock worth $29,000 after buying an additional 3,689 shares during the period. Virtu Financial LLC purchased a new stake in shares of fuboTV during the fourth quarter valued at $150,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of fuboTV during the fourth quarter valued at $68,000. Institutional investors own 39.31% of the company's stock.

Analyst Upgrades and Downgrades

FUBO has been the subject of several recent research reports. Needham & Company LLC lifted their price objective on fuboTV from $3.00 to $4.25 and gave the company a "buy" rating in a report on Wednesday. Wedbush restated an "outperform" rating and set a $6.00 price objective (up previously from $5.00) on shares of fuboTV in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, fuboTV has an average rating of "Moderate Buy" and a consensus price target of $4.63.

fuboTV Trading Down 2.5%

Shares of FUBO traded down $0.11 during midday trading on Thursday, reaching $4.06. The company had a trading volume of 13,384,552 shares, compared to its average volume of 27,749,773. The stock has a market cap of $1.38 billion, a PE ratio of 20.29 and a beta of 2.22. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.48. fuboTV Inc. has a 1-year low of $1.15 and a 1-year high of $6.45. The firm has a 50 day simple moving average of $3.47 and a 200-day simple moving average of $3.37.

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.