fuboTV Inc. $FUBO Shares Sold by State of Wyoming

Key Points

• The State of Wyoming reduced its holdings in fuboTV Inc. by 39.3%, selling 91,476 shares, and currently owns 141,555 shares valued at approximately $413,000.
• Several institutional investors bought or increased their positions in fuboTV, with HSBC Holdings boosting its holdings by 228.7%, now owning 142,231 shares worth $176,000.
• Recent analyst reports show a range of price targets for fuboTV, with Needham & Company raising its target to $4.25 and Wedbush setting it at $6.00, while Wall Street Zen downgraded the stock to a "hold" rating.

State of Wyoming reduced its stake in fuboTV Inc. (NYSE:FUBO - Free Report) by 39.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 141,555 shares of the company's stock after selling 91,476 shares during the period. State of Wyoming's holdings in fuboTV were worth $413,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FUBO. The Manufacturers Life Insurance Company boosted its position in fuboTV by 2.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 109,816 shares of the company's stock worth $138,000 after purchasing an additional 2,668 shares during the period. Principal Financial Group Inc. boosted its position in fuboTV by 23.3% during the first quarter. Principal Financial Group Inc. now owns 22,468 shares of the company's stock worth $66,000 after purchasing an additional 4,239 shares during the period. MetLife Investment Management LLC boosted its position in fuboTV by 3.0% during the first quarter. MetLife Investment Management LLC now owns 207,550 shares of the company's stock worth $606,000 after purchasing an additional 6,038 shares during the period. SBI Securities Co. Ltd. boosted its position in fuboTV by 17.0% during the first quarter. SBI Securities Co. Ltd. now owns 52,925 shares of the company's stock worth $155,000 after purchasing an additional 7,705 shares during the period. Finally, Mackenzie Financial Corp boosted 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 period. Institutional investors and hedge funds own 39.31% of the company's stock.

Insider Buying and Selling

In related news, Director Daniel V. Leff sold 66,061 shares of fuboTV stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $3.68, for a total transaction of $243,104.48. Following the completion of the sale, the director owned 390,427 shares of the company's stock, valued at $1,436,771.36. The trade was a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ignacio Figueras sold 66,061 shares of the business'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 directly owned 402,009 shares of the company's stock, valued at $1,712,558.34. The trade was a 14.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 426,849 shares of company stock worth $1,660,612. 5.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of fuboTV from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Needham & Company LLC lifted their price target on shares of fuboTV from $3.00 to $4.25 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Wedbush restated an "outperform" rating and issued a $6.00 target price (up previously from $5.00) on shares of fuboTV in a report on Wednesday, July 30th. One 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $4.63.

fuboTV Stock Performance

Shares of NYSE:FUBO traded down $0.09 during mid-day trading on Wednesday, reaching $3.70. 12,318,480 shares of the company traded hands, compared to its average volume of 13,525,763. The company's 50 day moving average price is $3.60 and its 200-day moving average price is $3.31. The firm has a market cap of $1.27 billion, a PE ratio of 14.21 and a beta of 2.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.69 and a quick ratio of 0.69. fuboTV Inc. has a 52 week low of $1.21 and a 52 week high of $6.45.

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.