Hsbc Holdings PLC Boosts Holdings in FuboTV Inc. (NYSE:FUBO)

Hsbc Holdings PLC lifted its holdings in shares of FuboTV Inc. (NYSE:FUBO - Free Report) by 228.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,231 shares of the company's stock after acquiring an additional 98,964 shares during the period. Hsbc Holdings PLC's holdings in FuboTV were worth $176,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FUBO. Xponance Inc. boosted its holdings in FuboTV by 19.1% during the 4th quarter. Xponance Inc. now owns 23,002 shares of the company's stock worth $29,000 after acquiring an additional 3,689 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of FuboTV during the fourth quarter valued at about $35,000. EWG Elevate Inc. boosted its holdings in FuboTV by 50.0% during the fourth quarter. EWG Elevate Inc. now owns 30,000 shares of the company's stock worth $38,000 after purchasing an additional 10,000 shares during the last quarter. Cibc World Markets Corp bought a new stake in FuboTV in the 4th quarter worth about $38,000. Finally, Marathon Trading Investment Management LLC bought a new stake in FuboTV in the 4th quarter worth about $40,000. Institutional investors and hedge funds own 39.31% of the company's stock.

Insider Transactions at FuboTV

In other FuboTV news, CFO John Janedis sold 25,823 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $4.16, for a total value of $107,423.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.30% of the company's stock.

Analyst Ratings Changes

FUBO has been the topic of a number of research analyst reports. Huber Research upgraded FuboTV to a "strong-buy" rating in a research note on Friday, January 31st. Wedbush lowered their price objective on shares of FuboTV from $6.40 to $5.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. Needham & Company LLC decreased their price target 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 target on shares of FuboTV in a report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $4.06.

FuboTV Stock Performance

FuboTV stock traded up $0.02 during midday trading on Wednesday, reaching $2.96. The stock had a trading volume of 18,263,410 shares, compared to its average volume of 19,780,335. The firm has a market capitalization of $1.01 billion, a PE ratio of -4.42 and a beta of 2.19. FuboTV Inc. has a 12 month low of $1.10 and a 12 month high of $6.45. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm's 50-day moving average price is $2.94 and its 200 day moving average price is $2.76.

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.