American Century Companies Inc. Increases Position in MoneyLion Inc. (NYSE:ML)

American Century Companies Inc. boosted its position in MoneyLion Inc. (NYSE:ML - Free Report) by 33.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,404 shares of the company's stock after acquiring an additional 3,625 shares during the quarter. American Century Companies Inc. owned 0.13% of MoneyLion worth $1,239,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP raised its holdings in MoneyLion by 64.0% during the fourth quarter. Quantbot Technologies LP now owns 11,927 shares of the company's stock worth $1,026,000 after purchasing an additional 4,655 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in MoneyLion in the fourth quarter valued at $842,000. Swiss National Bank grew its holdings in shares of MoneyLion by 11.2% during the fourth quarter. Swiss National Bank now owns 12,900 shares of the company's stock worth $1,110,000 after purchasing an additional 1,300 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of MoneyLion in the 4th quarter valued at about $310,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of MoneyLion in the 4th quarter valued at about $222,000. Hedge funds and other institutional investors own 31.43% of the company's stock.

Insiders Place Their Bets

In related news, CFO Richard Correia sold 3,502 shares of MoneyLion stock in a transaction on Monday, February 24th. The stock was 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 directly owns 182,570 shares of the company's stock, valued at approximately $15,657,203.20. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Mark Torossian sold 1,136 shares of MoneyLion stock in a transaction on 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 trade represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,309 shares of company stock worth $4,716,335. 11.90% of the stock is owned by company insiders.

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Analyst Ratings Changes

Several analysts have commented on the company. B. Riley downgraded MoneyLion from a "buy" rating to a "neutral" rating and reduced their price objective 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 report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, MoneyLion presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.83.

MoneyLion Trading Up 0.4 %

Shares of NYSE:ML traded up $0.36 on Tuesday, reaching $85.61. 235,486 shares of the company were exchanged, compared to its average volume of 212,953. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82. The company has a 50-day moving average of $86.72 and a 200-day moving average of $77.75. The firm has a market cap of $969.11 million, a price-to-earnings ratio of 389.14 and a beta of 2.94.

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.