Northern Trust Corp Buys 434,406 Shares of FuboTV Inc. (NYSE:FUBO)

Northern Trust Corp increased its position in FuboTV Inc. (NYSE:FUBO - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,999,809 shares of the company's stock after purchasing an additional 434,406 shares during the quarter. Northern Trust Corp owned approximately 0.90% of FuboTV worth $3,780,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FUBO. Xponance Inc. increased its position 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 last quarter. Raymond James Financial Inc. bought a new position in shares of FuboTV during the 4th quarter worth approximately $35,000. Cibc World Markets Corp acquired a new position in shares of FuboTV during the 4th quarter worth approximately $38,000. Marathon Trading Investment Management LLC bought a new stake in FuboTV in the 4th quarter valued at $40,000. Finally, Integrity Wealth Solutions LLC bought a new stake in FuboTV in the 4th quarter valued at $47,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

FuboTV Stock Performance

FuboTV stock traded up $0.15 during midday trading on Wednesday, hitting $3.77. The company's stock had a trading volume of 21,149,588 shares, compared to its average volume of 20,152,677. The company has a 50-day moving average price of $2.97 and a two-hundred day moving average price of $2.88. FuboTV Inc. has a 1-year low of $1.10 and a 1-year high of $6.45. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -5.63 and a beta of 2.19. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.54.

Wall Street Analyst Weigh In

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