FuboTV Inc. (NYSE:FUBO) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its position in shares of FuboTV Inc. (NYSE:FUBO - Free Report) by 52.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 833,154 shares of the company's stock after selling 921,359 shares during the quarter. Nuveen Asset Management LLC owned 0.25% of FuboTV worth $1,050,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FUBO. SG Americas Securities LLC increased its stake in shares of FuboTV by 79.8% during the 4th quarter. SG Americas Securities LLC now owns 197,335 shares of the company's stock worth $249,000 after purchasing an additional 87,603 shares in the last quarter. Rhumbline Advisers lifted its stake in FuboTV by 6.3% in the 4th quarter. Rhumbline Advisers now owns 507,824 shares of the company's stock valued at $640,000 after buying an additional 29,908 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in FuboTV by 7.3% during the 4th quarter. Bank of New York Mellon Corp now owns 909,345 shares of the company's stock valued at $1,146,000 after buying an additional 61,995 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in FuboTV during the fourth quarter worth $57,000. Finally, Charles Schwab Investment Management Inc. increased its position in FuboTV by 6.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,766,631 shares of the company's stock worth $3,486,000 after buying an additional 177,710 shares in the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FUBO has been the topic of several recent research reports. Wedbush reduced their price objective on FuboTV from $6.40 to $5.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. UBS Group set a $3.50 target price on shares of FuboTV in a research note on Monday, March 3rd. Finally, Needham & Company LLC decreased their price target on shares of FuboTV from $3.35 to $3.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $4.06.

FuboTV Stock Up 2.4%

FuboTV stock traded up $0.08 during midday trading on Friday, hitting $3.44. The stock had a trading volume of 11,334,410 shares, compared to its average volume of 20,328,213. FuboTV Inc. has a 12 month low of $1.10 and a 12 month high of $6.45. 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 stock has a market cap of $1.17 billion, a P/E ratio of -5.13 and a beta of 2.24. The business has a fifty day moving average price of $3.03 and a 200 day moving average price of $2.97.

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.