Millennium Management LLC Has $482,000 Holdings in MoneyLion Inc. (NYSE:ML)

Millennium Management LLC cut its stake in shares of MoneyLion Inc. (NYSE:ML) by 96.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,603 shares of the company’s stock after selling 147,210 shares during the period. Millennium Management LLC owned approximately 0.05% of MoneyLion worth $482,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in MoneyLion in the fourth quarter valued at about $29,000. New York State Teachers Retirement System acquired a new position in MoneyLion in the fourth quarter valued at about $67,000. KLP Kapitalforvaltning AS acquired a new position in MoneyLion in the fourth quarter valued at about $86,000. BNP Paribas Financial Markets acquired a new position in MoneyLion in the fourth quarter valued at about $104,000. Finally, Dark Forest Capital Management LP acquired a new position in MoneyLion in the fourth quarter valued at about $202,000. 31.43% of the stock is owned by institutional investors and hedge funds.

MoneyLion Price Performance

ML stock opened at $85.90 on Tuesday. The stock has a market capitalization of $972.39 million, a P/E ratio of 390.45 and a beta of 2.94. The business has a 50-day moving average of $85.84 and a 200-day moving average of $86.42. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $94.00.

Analyst Upgrades and Downgrades

ML has been the subject of a number of research analyst reports. B. Riley cut MoneyLion from a “buy” rating to a “neutral” rating and decreased their target price for the company from $133.00 to $90.00 in a research note on Wednesday, February 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of MoneyLion in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $90.40.

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.