Nuveen Asset Management LLC Grows Stock Position in MoneyLion Inc. (NYSE:ML)

Nuveen Asset Management LLC raised its holdings in MoneyLion Inc. (NYSE:ML) by 138.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 174,585 shares of the company’s stock after buying an additional 101,455 shares during the quarter. Nuveen Asset Management LLC owned about 1.57% of MoneyLion worth $15,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in MoneyLion by 6.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,770 shares of the company’s stock valued at $1,098,000 after buying an additional 813 shares during the last quarter. Moore Capital Management LP purchased a new stake in MoneyLion in the fourth quarter valued at about $997,000. Janus Henderson Group PLC purchased a new stake in MoneyLion in the fourth quarter valued at about $224,000. Deutsche Bank AG raised its stake in MoneyLion by 36.4% in the fourth quarter. Deutsche Bank AG now owns 9,747 shares of the company’s stock valued at $838,000 after buying an additional 2,602 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in MoneyLion in the fourth quarter valued at about $476,000. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ML. Needham & Company LLC restated a “hold” rating on shares of MoneyLion in a research note on Friday, March 7th. B. Riley cut MoneyLion from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $133.00 to $90.00 in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.40.

MoneyLion Price Performance

Shares of NYSE:ML opened at $85.90 on Monday. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82. The stock has a market cap of $972.39 million, a price-to-earnings ratio of 390.45 and a beta of 2.94. The business has a 50-day moving average price of $86.19 and a 200-day moving average price of $86.13.

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.