Geode Capital Management LLC Acquires 425,906 Shares of FuboTV Inc. (NYSE:FUBO)

Geode Capital Management LLC grew its position in shares of FuboTV Inc. (NYSE:FUBO - Free Report) by 6.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 7,102,040 shares of the company's stock after acquiring an additional 425,906 shares during the quarter. Geode Capital Management LLC owned about 2.13% of FuboTV worth $10,087,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FUBO. Arkadios Wealth Advisors increased its stake in FuboTV by 19.5% during the third quarter. Arkadios Wealth Advisors now owns 73,677 shares of the company's stock worth $105,000 after acquiring an additional 12,000 shares during the last quarter. Apollon Wealth Management LLC increased its position in shares of FuboTV by 41.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 42,611 shares of the company's stock valued at $61,000 after purchasing an additional 12,431 shares during the last quarter. United Advisor Group LLC purchased a new stake in FuboTV during the 3rd quarter valued at $26,000. Hibernia Wealth Partners LLC bought a new stake in FuboTV in the third quarter worth $27,000. Finally, Algert Global LLC purchased a new position in FuboTV during the second quarter worth $37,000. 39.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other FuboTV news, COO Alberto Horihuela sold 47,478 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.47, for a total value of $69,792.66. Following the transaction, the chief operating officer now directly owns 1,471,325 shares in the company, valued at $2,162,847.75. This represents a 3.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Janedis sold 74,326 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $1.47, for a total value of $109,259.22. Following the transaction, the chief financial officer now owns 76,766 shares in the company, valued at $112,846.02. The trade was a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.

FuboTV Trading Up 11.9 %

FUBO stock traded up $0.15 during mid-day trading on Thursday, reaching $1.41. 12,537,845 shares of the stock traded hands, compared to its average volume of 10,838,358. The business has a 50-day moving average price of $1.52 and a two-hundred day moving average price of $1.49. The stock has a market capitalization of $471.07 million, a PE ratio of -2.10 and a beta of 1.74. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.54 and a current ratio of 0.54. FuboTV Inc. has a one year low of $1.10 and a one year high of $3.17.

About FuboTV

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.