BlackRock Discloses 10.3% Stake in fuboTV Inc.
Ticker: FUBO · Form: SC 13G · Filed: Jan 25, 2024 · CIK: 1484769
| Field | Detail |
|---|---|
| Company | Fubotv INC. /Fl (FUBO) |
| Form Type | SC 13G |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, stake-disclosure
TL;DR
**BlackRock just revealed a 10.3% stake in fuboTV, a big vote of confidence!**
AI Summary
BlackRock Inc., a massive investment firm, reported on January 25, 2024, that as of December 31, 2023, they beneficially own 10.3% of fuboTV Inc.'s Common Stock. This means BlackRock holds a significant stake in fuboTV, totaling 27,249,756 shares, indicating their confidence in the streaming company's future. For fuboTV shareholders, this large institutional ownership by BlackRock can signal stability and a vote of confidence, potentially attracting other investors and influencing stock performance positively.
Why It Matters
BlackRock's substantial ownership in fuboTV Inc. signals institutional confidence, which can be a positive indicator for current and prospective investors, potentially stabilizing the stock.
Risk Assessment
Risk Level: low — This filing indicates a large institutional investor has a significant stake, which generally reduces risk by providing stability and oversight.
Analyst Insight
A smart investor would view BlackRock's substantial 10.3% stake as a positive signal, potentially indicating long-term value and stability for fuboTV Inc., and might consider further research into fuboTV's fundamentals.
Key Numbers
- 10.3% — Percentage of Class Owned (Represents BlackRock's significant ownership in fuboTV Inc.)
- 27,249,756 — Shares Beneficially Owned (The total number of fuboTV shares BlackRock holds, indicating a substantial investment.)
- December 31, 2023 — Date of Event (The snapshot date for BlackRock's ownership, providing a clear reference point.)
Key Players & Entities
- BlackRock Inc. (company) — the investment firm filing the SC 13G
- fuboTV Inc. (company) — the subject company in which BlackRock holds shares
- 27,249,756 (dollar_amount) — number of shares beneficially owned by BlackRock
- 10.3% (dollar_amount) — percentage of class owned by BlackRock
- December 31, 2023 (date) — date of the event requiring the filing
- January 25, 2024 (date) — date the SC 13G was filed
Forward-Looking Statements
- BlackRock's significant stake may attract other institutional investors to fuboTV Inc. (fuboTV Inc.) — medium confidence, target: next 6-12 months
- The stock price of fuboTV Inc. could experience increased stability due to large institutional ownership. (fuboTV Inc.) — medium confidence, target: next 3-6 months
FAQ
What percentage of fuboTV Inc. Common Stock does BlackRock Inc. beneficially own as per this filing?
As of December 31, 2023, BlackRock Inc. beneficially owns 10.3% of fuboTV Inc.'s Common Stock, as stated in the filing.
How many shares of fuboTV Inc. Common Stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 27,249,756 shares of fuboTV Inc. Common Stock, according to the filing.
When was the event date that required BlackRock Inc. to file this Schedule 13G?
The date of the event which required the filing of this Schedule 13G was December 31, 2023.
What rule under the Securities Exchange Act of 1934 was this Schedule 13G filed under?
This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the filing.
What is the CUSIP Number for fuboTV Inc.'s Common Stock mentioned in the filing?
The CUSIP Number for fuboTV Inc.'s Common Stock is 35953D104, as stated in the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 25, 2024 regarding fuboTV Inc. /FL (FUBO).