Skandinaviska Enskilda Banken AB publ Purchases New Holdings in MoneyLion Inc. (NYSE:ML)

Skandinaviska Enskilda Banken AB publ bought a new position in MoneyLion Inc. (NYSE:ML - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,752 shares of the company's stock, valued at approximately $842,000. Skandinaviska Enskilda Banken AB publ owned 0.09% of MoneyLion at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank grew its position in MoneyLion by 11.2% in the fourth quarter. Swiss National Bank now owns 12,900 shares of the company's stock worth $1,110,000 after buying an additional 1,300 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of MoneyLion during the fourth quarter valued at $310,000. Cornerstone Investment Partners LLC acquired a new position in shares of MoneyLion in the 4th quarter valued at $222,000. Charles Schwab Investment Management Inc. boosted its position in shares of MoneyLion by 11.0% in the 4th 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 during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in MoneyLion during the 4th quarter worth about $29,000. 31.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other MoneyLion news, CFO Richard Correia sold 3,502 shares of the business's stock in a transaction on 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 of the company's stock, valued at $15,657,203.20. The trade was a 1.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mark Torossian sold 1,136 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total value of $99,127.36. Following the transaction, the chief accounting officer now directly owns 17,476 shares of the company's stock, valued at $1,524,955.76. This represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,309 shares of company stock worth $4,716,335. Corporate insiders own 11.90% of the company's stock.

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MoneyLion Stock Down 0.5 %

ML stock traded down $0.43 during trading hours on Friday, hitting $87.86. The company's stock had a trading volume of 132,061 shares, compared to its average volume of 209,946. The company has a market capitalization of $994.52 million, a PE ratio of 399.34 and a beta of 3.04. The stock has a 50 day moving average price of $86.82 and a two-hundred day moving average price of $71.64. MoneyLion Inc. has a 12 month low of $36.65 and a 12 month high of $106.82.

Wall Street Analyst Weigh In

Several brokerages have commented on ML. B. Riley cut shares of MoneyLion from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $133.00 to $90.00 in a report on Wednesday, February 26th. Northland Securities increased their price target on shares of MoneyLion from $80.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of MoneyLion in a research report on Friday, March 7th. Finally, Lake Street Capital reiterated a "hold" rating and issued a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.83.

MoneyLion Company 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.