FuboTV Inc. (NYSE:FUBO) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. trimmed its position in FuboTV Inc. (NYSE:FUBO - Free Report) by 27.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 233,651 shares of the company's stock after selling 87,740 shares during the period. Graham Capital Management L.P. owned 0.07% of FuboTV worth $294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FUBO. SG Americas Securities LLC increased its holdings in shares of FuboTV by 79.8% in the fourth quarter. SG Americas Securities LLC now owns 197,335 shares of the company's stock valued at $249,000 after purchasing an additional 87,603 shares during the period. Integrity Wealth Solutions LLC purchased a new stake in FuboTV in the fourth quarter valued at approximately $47,000. USAdvisors Wealth Management LLC boosted its position in FuboTV by 156.0% in the fourth quarter. USAdvisors Wealth Management LLC now owns 128,000 shares of the company's stock valued at $161,000 after buying an additional 78,000 shares during the last quarter. Rhumbline Advisers increased its holdings in FuboTV by 6.3% in the 4th quarter. Rhumbline Advisers now owns 507,824 shares of the company's stock worth $640,000 after buying an additional 29,908 shares during the period. Finally, Bank of New York Mellon Corp raised its position 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 worth $1,146,000 after buying an additional 61,995 shares during the last quarter. Hedge funds and other institutional investors own 39.31% of the company's stock.

Insider Activity at FuboTV

In other FuboTV news, CFO John Janedis sold 25,823 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $4.16, for a total value of $107,423.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.30% of the stock is owned by company insiders.

FuboTV Stock Performance

Shares of NYSE:FUBO traded down $0.23 during trading on Wednesday, hitting $3.10. 14,386,849 shares of the stock traded hands, compared to its average volume of 19,963,460. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The company has a fifty day moving average price of $2.95 and a two-hundred day moving average price of $2.81. FuboTV Inc. has a 52-week low of $1.10 and a 52-week high of $6.45. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -4.62 and a beta of 2.19.

Wall Street Analysts Forecast Growth

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

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.