MoneyLion Inc. (NYSE:ML) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of MoneyLion Inc. (NYSE:ML) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 387,269 shares of the company’s stock after acquiring an additional 10,191 shares during the period. Vanguard Group Inc. owned 3.49% of MoneyLion worth $33,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB increased its stake in MoneyLion by 238.8% during the fourth quarter. Nordea Investment Management AB now owns 30,760 shares of the company’s stock worth $2,653,000 after acquiring an additional 21,681 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of MoneyLion by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock valued at $6,948,000 after purchasing an additional 9,106 shares during the last quarter. Barclays PLC grew 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 purchasing an additional 4,735 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of MoneyLion by 11.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 61,133 shares of the company’s stock worth $5,258,000 after purchasing an additional 6,046 shares during the last quarter. Finally, State Street Corp raised its holdings in MoneyLion by 3.1% in the 3rd quarter. State Street Corp now owns 169,694 shares of the company’s stock valued at $7,051,000 after buying an additional 5,108 shares during the period. Institutional investors and hedge funds own 31.43% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Richard Correia sold 3,502 shares of the firm’s 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 sale, the chief financial officer now owns 182,570 shares of the company’s stock, valued at $15,657,203.20. This trade represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timmie Hong sold 1,365 shares of MoneyLion stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $85.76, for a total transaction of $117,062.40. Following the completion of the transaction, the insider now owns 95,395 shares of the company’s stock, valued at $8,181,075.20. This represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,309 shares of company stock worth $4,716,335 in the last ninety days. 11.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ML has been the subject of several research analyst reports. B. Riley lowered shares of MoneyLion from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $133.00 to $90.00 in a research note on Wednesday, February 26th. Needham & Company LLC restated a “hold” rating on shares of MoneyLion in a report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.83.

MoneyLion Stock Performance

Shares of ML opened at $85.57 on Monday. The company’s 50-day simple moving average is $86.76 and its 200-day simple moving average is $77.44. 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 $968.60 million, a PE ratio of 388.93 and a beta of 2.94.

About MoneyLion

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.