Barclays PLC Buys 1,694 Shares of MoneyLion Inc. (NYSE:ML)

Barclays PLC lifted its stake in shares of MoneyLion Inc. (NYSE:ML) by 12.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,515 shares of the company’s stock after purchasing an additional 1,694 shares during the quarter. Barclays PLC owned about 0.14% of MoneyLion worth $1,336,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. MMCAP International Inc. SPC bought a new position in MoneyLion in the fourth quarter worth approximately $41,435,000. Vanguard Group Inc. lifted its holdings in shares of MoneyLion by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 387,269 shares of the company’s stock worth $33,309,000 after purchasing an additional 10,191 shares in the last quarter. Renaissance Technologies LLC grew its position in MoneyLion by 20.7% in the 4th quarter. Renaissance Technologies LLC now owns 276,061 shares of the company’s stock valued at $23,744,000 after purchasing an additional 47,300 shares during the period. Cooper Creek Partners Management LLC bought a new stake in MoneyLion during the 4th quarter valued at $21,933,000. Finally, Geode Capital Management LLC raised its holdings in MoneyLion by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 168,837 shares of the company’s stock worth $14,524,000 after buying an additional 1,640 shares during the last quarter. 31.43% of the stock is currently owned by institutional investors and hedge funds.

MoneyLion Stock Performance

Shares of ML stock opened at $85.90 on Friday. The company has a market capitalization of $972.39 million, a price-to-earnings ratio of 390.45 and a beta of 2.94. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82. The company has a 50-day simple moving average of $86.50 and a two-hundred day simple moving average of $81.86.

Insider Transactions at MoneyLion

In related news, CFO Richard Correia sold 3,502 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $300,331.52. Following the completion of the transaction, the chief financial officer now owns 182,570 shares in the company, valued at approximately $15,657,203.20. This represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Diwakar Choubey sold 18,506 shares of MoneyLion stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $1,614,833.56. Following the completion of the sale, the chief executive officer now directly owns 320,865 shares in the company, valued at approximately $27,998,679.90. This represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,055 shares of company stock worth $4,176,052 in the last 90 days. Insiders own 11.90% of the company’s stock.

Analyst Upgrades and Downgrades

ML has been the subject of several recent research reports. Needham & Company LLC reissued a “hold” rating on shares of MoneyLion in a research report on Friday, March 7th. B. Riley lowered MoneyLion from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $133.00 to $90.00 in a report on Wednesday, February 26th. Three 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. According to MarketBeat, MoneyLion currently has an average rating of “Moderate Buy” and an average target price 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.