Nuveen LLC Takes $8.93 Million Position in fuboTV Inc. $FUBO

Key Points

• Nuveen LLC has acquired approximately $8.93 million in shares of fuboTV Inc., purchasing over 3 million shares in the first quarter.
• Several institutional investors, including Vanguard Group and Barclays PLC, have increased their stakes in fuboTV, reflecting growing interest among hedge funds.
• Analysts have set a consensus price target of $4.63 for fuboTV, with ratings varying from "Strong Buy" to "Hold," indicating mixed outlooks on the stock.

Nuveen LLC acquired a new stake in fuboTV Inc. (NYSE:FUBO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,058,107 shares of the company's stock, valued at approximately $8,930,000. Nuveen LLC owned 0.90% of fuboTV at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss National Bank increased its position in fuboTV by 1.4% during the first quarter. Swiss National Bank now owns 657,100 shares of the company's stock worth $1,919,000 after purchasing an additional 9,300 shares during the last quarter. Vanguard Group Inc. increased its position in fuboTV by 13.2% during the first quarter. Vanguard Group Inc. now owns 21,144,463 shares of the company's stock worth $61,742,000 after purchasing an additional 2,468,067 shares during the last quarter. MASO CAPITAL PARTNERS Ltd acquired a new stake in fuboTV during the first quarter worth about $467,000. Mackenzie Financial Corp increased its position in fuboTV by 77.0% during the first quarter. Mackenzie Financial Corp now owns 20,454 shares of the company's stock worth $60,000 after purchasing an additional 8,900 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in fuboTV during the first quarter worth about $80,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

fuboTV Trading Up 1.9%

Shares of FUBO traded up $0.07 during trading on Thursday, reaching $3.48. 5,982,102 shares of the company traded hands, compared to its average volume of 26,209,676. fuboTV Inc. has a twelve month low of $1.21 and a twelve month high of $6.45. The stock has a market cap of $1.19 billion, a PE ratio of 13.37 and a beta of 2.28. The stock has a 50-day simple moving average of $3.57 and a 200-day simple moving average of $3.32. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.47.

Insider Buying and Selling at fuboTV

In other news, Director Ignacio Figueras sold 66,061 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $4.26, for a total value of $281,419.86. Following the completion of the transaction, the director owned 402,009 shares of the company's stock, valued at approximately $1,712,558.34. This trade represents a 14.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel V. Leff sold 75,339 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $4.14, for a total transaction of $311,903.46. Following the completion of the transaction, the director directly owned 375,395 shares of the company's stock, valued at approximately $1,554,135.30. The trade was a 16.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 426,849 shares of company stock worth $1,660,612. 5.30% of the stock is owned by company insiders.

Analyst Ratings Changes

FUBO has been the subject of several recent analyst reports. Needham & Company LLC raised their price objective on shares of fuboTV from $3.00 to $4.25 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Wedbush restated an "outperform" rating and set a $6.00 price objective (up from $5.00) on shares of fuboTV in a research report on Wednesday, July 30th. Finally, Wall Street Zen cut shares of fuboTV from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, fuboTV has an average rating of "Buy" and an average target price of $4.63.

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.