FuboTV Faces Lobbying Activity Amid Insider Trading and Hedge Fund Moves
A recent filing under the Lobbying Disclosure Act revealed that KELLOGG HANSEN TODD FIGEL & FREDERICK spent $30,000 on behalf of FuboTV in the first quarter of 2025. This lobbying focused on key issues, particularly concerning:
“Antitrust; acquisition of FuboTV by the Walt Disney Company.”
Insider Trading Activity at FuboTV
Over the past six months, insiders at FuboTV have executed 12 trades of the company’s stock. Notably, there have been no purchases, only sales. Here’s a breakdown of the recent trading activity:
- David Gandler (Chief Executive Officer) has sold 4,315,096 shares across 5 transactions, totaling approximately $22,470,376.
- Alberto Horihuela (Chief Operating Officer) made 4 sales of 486,551 shares for an estimated $2,715,766.
- John Janedis (Chief Financial Officer) sold 176,915 shares across 3 trades, totaling about $331,831.
Institutional Investor Activity in FuboTV
Last quarter, 113 institutional investors increased their holdings of FuboTV, while 98 reduced their positions. The following highlights reveal significant recent changes:
- Millennium Management LLC cut 2,924,508 shares (-29.4%) in Q4 2024, valued at approximately $3,684,880.
- Vanguard Group Inc added 2,468,067 shares (+13.2%) in Q1 2025, for about $7,206,755.
- Marshall Wace, LLP sold 2,408,614 shares (-29.3%) in Q4 2024, estimated at $3,034,853.
- Verition Fund Management LLC reduced its position by 2,308,859 shares (-76.6%) in Q4 2024, valued at $2,909,162.
- Goldman Sachs Group Inc decreased its shareholding by 2,216,415 shares (-46.3%) in Q1 2025, worth around $6,471,931.
- HRT Financial LP increased its holdings by 1,865,343 shares in Q4 2024, valued at $2,350,332.
- Renaissance Technologies LLC raised its investment by 1,344,956 shares (+45.1%) in Q4 2024, worth approximately $1,694,644.
Recent Analyst Ratings for FuboTV
In the last few months, Wall Street analysts have favored FuboTV, with 2 firms issuing buy ratings and none recommending sell. Recent ratings include:
- Needham gave a “Buy” rating on May 5, 2025.
- Wedbush issued an “Outperform” rating on January 7, 2025.
This article is not financial advice. For more information, refer to Quiver Quantitative’s disclaimers.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
