UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Position in FuboTV Inc. (NYSE:FUBO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of FuboTV Inc. (NYSE:FUBO - Free Report) by 79.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 740,780 shares of the company's stock after purchasing an additional 327,212 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of FuboTV worth $933,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FUBO. Vanguard Group Inc. lifted its position in shares of FuboTV by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 18,676,396 shares of the company's stock valued at $23,532,000 after acquiring an additional 1,377,663 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of FuboTV by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 7,467,867 shares of the company's stock valued at $9,412,000 after acquiring an additional 365,827 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of FuboTV by 45.1% in the fourth quarter. Renaissance Technologies LLC now owns 4,324,700 shares of the company's stock valued at $5,449,000 after acquiring an additional 1,344,956 shares in the last quarter. Northern Trust Corp lifted its position in shares of FuboTV by 16.9% in the fourth quarter. Northern Trust Corp now owns 2,999,809 shares of the company's stock valued at $3,780,000 after acquiring an additional 434,406 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in FuboTV by 6.9% in 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 currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FUBO has been the subject of several recent analyst reports. Wedbush lowered their price target on FuboTV from $6.40 to $5.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Needham & Company LLC dropped their price objective on shares of FuboTV from $3.35 to $3.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Finally, UBS Group set a $3.50 price objective on shares of 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $4.06.

FuboTV Trading Down 6.9%

Shares of NYSE FUBO traded down $0.24 on Friday, reaching $3.18. 9,292,516 shares of the company traded hands, compared to its average volume of 20,438,159. The company has a 50 day moving average of $3.08 and a 200 day moving average of $3.04. The stock has a market capitalization of $1.08 billion, a PE ratio of -4.74 and a beta of 2.24. FuboTV Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $6.45. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50.

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.