Invesco Ltd. Purchases Shares of 4,417 MoneyLion Inc. (NYSE:ML)

Invesco Ltd. purchased a new position in MoneyLion Inc. (NYSE:ML) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,417 shares of the company’s stock, valued at approximately $380,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ML. Nordea Investment Management AB increased its stake in MoneyLion by 238.8% in the 4th 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 increased its position in shares of MoneyLion by 5.8% in the third quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock worth $6,948,000 after purchasing an additional 9,106 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in MoneyLion by 11.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 61,133 shares of the company’s stock valued at $5,258,000 after purchasing an additional 6,046 shares in the last quarter. Citizens Financial Group Inc. RI bought a new stake in MoneyLion during the fourth quarter valued at approximately $310,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in MoneyLion in the 4th quarter worth approximately $842,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Insider Activity

In other MoneyLion news, CEO Diwakar Choubey sold 18,506 shares of the company’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 $1,614,833.56. Following the sale, the chief executive officer now owns 320,865 shares in the company, valued at approximately $27,998,679.90. This represents a 5.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timmie Hong sold 1,365 shares of MoneyLion stock in a transaction on Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $117,062.40. Following the transaction, the insider now owns 95,395 shares of the company’s stock, valued at $8,181,075.20. The trade was a 1.41 % 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. Insiders own 11.90% of the company’s stock.

MoneyLion Price Performance

NYSE ML opened at $85.90 on Friday. The company has a 50-day simple moving average of $86.50 and a two-hundred day simple moving average of $81.86. MoneyLion Inc. has a 12-month low of $36.65 and a 12-month high of $106.82. The firm has a market cap of $972.39 million, a price-to-earnings ratio of 390.45 and a beta of 2.94.

Analyst Ratings Changes

A number of analysts have recently issued reports on ML shares. B. Riley downgraded shares of MoneyLion from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $133.00 to $90.00 in a report on Wednesday, February 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of MoneyLion in a research note 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.83.

MoneyLion 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.