KLP Kapitalforvaltning AS Makes New Investment in MoneyLion Inc. (NYSE:ML)

KLP Kapitalforvaltning AS bought a new stake in shares of MoneyLion Inc. (NYSE:ML) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,000 shares of the company’s stock, valued at approximately $86,000.

A number of other hedge funds have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in MoneyLion during the 4th quarter valued at about $29,000. New York State Teachers Retirement System purchased a new position in MoneyLion in the 4th quarter worth approximately $67,000. FMR LLC lifted its position in MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after acquiring an additional 637 shares in the last quarter. PFG Investments LLC bought a new stake in shares of MoneyLion in the 4th quarter worth $215,000. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of MoneyLion in the fourth quarter worth $222,000. 31.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other MoneyLion news, CAO Mark Torossian sold 1,136 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $99,127.36. Following the completion of the transaction, the chief accounting officer now owns 17,476 shares in the company, valued at $1,524,955.76. This trade represents a 6.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Richard Correia sold 3,502 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $300,331.52. Following the transaction, the chief financial officer now owns 182,570 shares of the company’s stock, valued at $15,657,203.20. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,309 shares of company stock valued at $4,716,335. Company insiders own 11.90% of the company’s stock.

MoneyLion Price Performance

NYSE:ML opened at $85.07 on Friday. The business has a fifty day moving average price of $86.79 and a 200-day moving average price of $76.86. The firm has a market capitalization of $962.94 million, a price-to-earnings ratio of 386.66 and a beta of 2.94. MoneyLion Inc. has a one year low of $36.65 and a one year high of $106.82.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. B. Riley lowered MoneyLion from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $133.00 to $90.00 in a research report on Wednesday, February 26th. Needham & Company LLC restated a “hold” rating on shares of MoneyLion in a research report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $92.83.

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.