Geode Capital Management LLC Increases Holdings in MoneyLion Inc. (NYSE:ML)

Geode Capital Management LLC raised its stake in MoneyLion Inc. (NYSE:ML) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 167,197 shares of the company’s stock after buying an additional 9,106 shares during the quarter. Geode Capital Management LLC owned approximately 1.52% of MoneyLion worth $6,948,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC increased its holdings in shares of MoneyLion by 52.1% during the 3rd quarter. Barclays PLC now owns 13,821 shares of the company’s stock worth $575,000 after buying an additional 4,735 shares during the last quarter. State Street Corp grew its position in MoneyLion by 3.1% in the third quarter. State Street Corp now owns 169,694 shares of the company’s stock worth $7,051,000 after acquiring an additional 5,108 shares during the period. Point72 DIFC Ltd acquired a new stake in MoneyLion during the third quarter worth $40,000. Point72 Asset Management L.P. purchased a new stake in MoneyLion in the third quarter valued at $574,000. Finally, Centiva Capital LP purchased a new position in shares of MoneyLion during the 3rd quarter worth $249,000. 31.43% of the stock is owned by institutional investors and hedge funds.

MoneyLion Stock Performance

Shares of ML opened at $86.79 on Friday. MoneyLion Inc. has a 1 year low of $36.65 and a 1 year high of $106.82. The stock has a market capitalization of $963.46 million, a P/E ratio of 394.50 and a beta of 3.08. The company’s fifty day moving average is $78.64 and its two-hundred day moving average is $62.55.

Analyst Ratings Changes

ML has been the topic of several research analyst reports. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Northland Securities upped their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, November 7th. Finally, Needham & Company LLC reiterated a “hold” rating and issued a $100.00 price objective on shares of MoneyLion in a report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $100.00.

Insider Activity

In related news, insider Adam Vanwagner sold 6,165 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $70.00, for a total value of $431,550.00. Following the sale, the insider now owns 103,133 shares in the company, valued at $7,219,310. This represents a 5.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Timmie Hong sold 2,504 shares of MoneyLion stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $48.35, for a total value of $121,068.40. Following the transaction, the insider now directly owns 103,353 shares of the company’s stock, valued at approximately $4,997,117.55. This represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,632 shares of company stock valued at $9,428,405 in the last three months. 11.90% of the stock is currently owned by company insiders.

MoneyLion Company Profile

MoneyLion Inc, a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.