Alberto Horihuela Sells 403,847 Shares of FuboTV Inc. (NYSE:FUBO) Stock

FuboTV Inc. (NYSE:FUBO) COO Alberto Horihuela sold 403,847 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $6.03, for a total value of $2,435,197.41. Following the completion of the sale, the chief operating officer now owns 1,449,751 shares of the company’s stock, valued at $8,741,998.53. This represents a 21.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Alberto Horihuela also recently made the following trade(s):

• On Thursday, November 21st, Alberto Horihuela sold 47,478 shares of FuboTV stock. The shares were sold at an average price of $1.47, for a total value of $69,792.66.

FuboTV Stock Down 4.5 %

Shares of NYSE:FUBO traded down $0.24 during trading on Friday, hitting $5.11. 99,974,845 shares of the company’s stock traded hands, compared to its average volume of 228,284,781. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.50. The company has a 50-day moving average price of $1.79 and a 200-day moving average price of $1.61. FuboTV Inc. has a 52 week low of $1.10 and a 52 week high of $6.45. The company has a market cap of $1.71 billion, a price-to-earnings ratio of -7.63 and a beta of 1.78.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FUBO. Millennium Management LLC grew its holdings in shares of FuboTV by 132.6% during the second quarter. Millennium Management LLC now owns 4,810,529 shares of the company’s stock worth $5,965,000 after buying an additional 2,742,780 shares in the last quarter. Marshall Wace LLP grew its stake in shares of FuboTV by 114.1% during the 2nd quarter. Marshall Wace LLP now owns 8,373,543 shares of the company’s stock worth $10,383,000 after acquiring an additional 4,461,707 shares in the last quarter. Barclays PLC grew its stake in shares of FuboTV by 121.3% during the 3rd quarter. Barclays PLC now owns 1,256,459 shares of the company’s stock worth $1,784,000 after acquiring an additional 688,625 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of FuboTV by 6.4% in the third quarter. Geode Capital Management LLC now owns 7,102,040 shares of the company’s stock worth $10,087,000 after purchasing an additional 425,906 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in FuboTV by 8.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,588,921 shares of the company’s stock worth $3,676,000 after purchasing an additional 200,154 shares during the last quarter. Institutional investors own 39.31% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Mkm reissued a “neutral” rating and set a $4.75 price objective (up previously from $2.00) on shares of FuboTV in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $3.43.

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.