Retail investors hold majority stake in FuboTV as institutional interest persists By Investing.com

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<span>© Reuters. </span><br />
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<p>Retail investors maintain a commanding presence in FuboTV (NYSE:) Inc., holding 60% of the company&#8217;s shares, granting them considerable influence over the streaming service provider&#8217;s strategic decisions. This level of ownership by individual shareholders also subjects them to the direct impacts of the company&#8217;s financial performance.</p>
<p>Institutional investors collectively own 38% of FuboTV, indicating a robust confidence in the company, which is reinforced by its inclusion in major market indices. However, this significant institutional involvement carries the risk of share price volatility should these large stakeholders decide to sell their shares simultaneously.</p>
<p>Among the institutional investors, BlackRock (NYSE:), Inc. and The Vanguard Group, Inc. stand out with substantial holdings of 8% and 7.6%, respectively, followed by Marshall Wace LLP at 2.2%. This demonstrates strong backing from some of the most prominent names in asset management.</p>
<p>Additionally, FuboTV&#8217;s CEO David Gandler has a personal stake in the company&#8217;s success with his own investment accounting for nearly one percent (0.9%) of its shares. His ownership aligns management&#8217;s interests with those of both retail and institutional investors, aiming for long-term growth and profitability.</p>
<p><em>This article was generated with the support of AI and reviewed by an editor. For more information see our T&amp;C.</em></p>
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<br /><a href="https://www.investing.com/news/stock-market-news/retail-investors-hold-majority-stake-in-fubotv-as-institutional-interest-persists-93CH-3243105">Source link </a></p><p>The post <a href="https://forextraderhub.com/retail-investors-hold-majority-stake-in-fubotv-as-institutional-interest-persists-by-investing-com.html">Retail investors hold majority stake in FuboTV as institutional interest persists By Investing.com</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>