Millennium Management LLC Sells 2,924,508 Shares of FuboTV Inc. (NYSE:FUBO)

Millennium Management LLC cut its holdings in FuboTV Inc. (NYSE:FUBO - Free Report) by 29.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,027,755 shares of the company's stock after selling 2,924,508 shares during the quarter. Millennium Management LLC owned approximately 2.10% of FuboTV worth $8,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in FuboTV by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company's stock worth $23,532,000 after buying an additional 1,377,663 shares during the period. Geode Capital Management LLC lifted its holdings in FuboTV by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 7,467,867 shares of the company's stock worth $9,412,000 after buying an additional 365,827 shares during the period. Renaissance Technologies LLC lifted its holdings in FuboTV by 45.1% in the fourth quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company's stock worth $5,449,000 after buying an additional 1,344,956 shares during the period. Northern Trust Corp lifted its holdings in FuboTV by 16.9% in the fourth quarter. Northern Trust Corp now owns 2,999,809 shares of the company's stock worth $3,780,000 after buying an additional 434,406 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of FuboTV by 6.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,766,631 shares of the company's stock valued at $3,486,000 after purchasing an additional 177,710 shares during the last quarter. 39.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on FUBO. Huber Research upgraded shares of FuboTV to a "strong-buy" rating in a report on Friday, January 31st. Needham & Company LLC lowered their target price on shares of FuboTV from $3.35 to $3.00 and set a "buy" rating for the company in a report on Monday, May 5th. Wedbush lowered their target price 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. Finally, UBS Group set a $3.50 target price on shares of FuboTV in a report on Monday, March 3rd. Three investment 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 company's stock. According to data from MarketBeat.com, FuboTV has a consensus rating of "Moderate Buy" and a consensus target price of $4.06.

FuboTV Stock Down 2.8%

NYSE FUBO traded down $0.11 during mid-day trading on Thursday, reaching $3.67. The stock had a trading volume of 17,836,241 shares, compared to its average volume of 20,145,504. FuboTV Inc. has a 1 year low of $1.10 and a 1 year high of $6.45. The stock has a market cap of $1.25 billion, a PE ratio of -5.47 and a beta of 2.19. The company has a fifty day moving average price of $2.97 and a 200 day moving average price of $2.88. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54.

FuboTV Company 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.