Barclays PLC Has $575,000 Stock Position in MoneyLion Inc. (NYSE:ML)

Barclays PLC grew its position in MoneyLion Inc. (NYSE:ML - Free Report) by 52.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,821 shares of the company's stock after buying an additional 4,735 shares during the quarter. Barclays PLC owned approximately 0.12% of MoneyLion worth $575,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP raised its position in MoneyLion by 24.1% during the second quarter. Marshall Wace LLP now owns 240,352 shares of the company's stock valued at $17,675,000 after buying an additional 46,611 shares during the period. Driehaus Capital Management LLC grew its stake in MoneyLion by 77.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company's stock valued at $16,288,000 after acquiring an additional 96,433 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of MoneyLion by 64.2% in the 2nd quarter. Renaissance Technologies LLC now owns 214,129 shares of the company's stock valued at $15,747,000 after purchasing an additional 83,700 shares during the period. Divisadero Street Capital Management LP acquired a new position in shares of MoneyLion in the 2nd quarter valued at about $13,427,000. Finally, State Street Corp boosted its holdings in shares of MoneyLion by 3.1% during the third quarter. State Street Corp now owns 169,694 shares of the company's stock worth $7,051,000 after purchasing an additional 5,108 shares during the period. 31.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MoneyLion

In other MoneyLion news, Director Chris Sugden sold 25,000 shares of the company's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $86.22, for a total transaction of $2,155,500.00. Following the completion of the sale, the director now directly owns 1,062,505 shares in the company, valued at $91,609,181.10. This represents a 2.30 % decrease in their ownership of the stock. 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 328 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $80.00, for a total value of $26,240.00. Following the completion of the sale, the chief accounting officer now directly owns 20,409 shares in the company, valued at approximately $1,632,720. This represents a 1.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,382 shares of company stock valued at $9,847,620. Corporate insiders own 11.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Oppenheimer upgraded shares of MoneyLion from a "market perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Thursday, November 7th. Lake Street Capital reiterated a "hold" rating and set a $82.00 price objective (down from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Cantor Fitzgerald raised MoneyLion to a "strong-buy" rating in a research report on Thursday, October 3rd. Needham & Company LLC reaffirmed a "hold" rating and set a $100.00 price target on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, Northland Capmk upgraded MoneyLion to a "strong-buy" rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $100.00.

MoneyLion Stock Up 0.7 %

Shares of NYSE:ML traded up $0.63 on Friday, reaching $86.79. The company had a trading volume of 195,089 shares, compared to its average volume of 172,299. The stock has a market capitalization of $963.46 million, a P/E ratio of 394.50 and a beta of 3.07. The stock has a 50-day moving average price of $85.45 and a 200 day moving average price of $63.31. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82.

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.