Geode Capital Management LLC Purchases 1,640 Shares of MoneyLion Inc. (NYSE:ML)

Geode Capital Management LLC increased its position in MoneyLion Inc. (NYSE:ML) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,837 shares of the company’s stock after purchasing an additional 1,640 shares during the period. Geode Capital Management LLC owned approximately 1.52% of MoneyLion worth $14,524,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of MoneyLion during the fourth quarter worth $29,000. FMR LLC increased its holdings in MoneyLion by 154.6% during the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after purchasing an additional 637 shares during the period. New York State Teachers Retirement System purchased a new position in shares of MoneyLion during the fourth quarter valued at about $67,000. KLP Kapitalforvaltning AS purchased a new position in MoneyLion during the fourth quarter valued at $86,000. Finally, Swiss National Bank lifted its holdings in shares of MoneyLion by 11.2% during the fourth quarter. Swiss National Bank now owns 12,900 shares of the company’s stock valued at $1,110,000 after purchasing an additional 1,300 shares during the last quarter. 31.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MoneyLion

In other news, insider Adam Vanwagner sold 5,326 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total value of $464,746.76. Following the completion of the transaction, the insider now directly owns 85,306 shares of the company’s stock, valued at approximately $7,443,801.56. The trade was a 5.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mark Torossian sold 1,136 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $99,127.36. Following the sale, the chief accounting officer now directly owns 17,476 shares in the company, valued at approximately $1,524,955.76. The trade was a 6.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,055 shares of company stock valued at $4,176,052. Company insiders own 11.90% of the company’s stock.

MoneyLion Price Performance

Shares of ML stock opened at $85.90 on Monday. The company has a market capitalization of $972.39 million, a P/E ratio of 390.45 and a beta of 2.94. The company’s 50-day simple moving average is $86.61 and its two-hundred day simple moving average is $79.08. MoneyLion Inc. has a one year low of $36.65 and a one year high of $106.82.

Analyst Upgrades and Downgrades

Several research firms recently commented on ML. Needham & Company LLC reaffirmed a “hold” rating on shares of MoneyLion in a research report on Friday, March 7th. B. Riley cut MoneyLion from a “buy” rating to a “neutral” rating and cut their price target for the company from $133.00 to $90.00 in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.83.

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.