MoneyLion Inc. (NYSE:ML) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of MoneyLion Inc. (NYSE:ML - Free Report) by 11.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,133 shares of the company's stock after buying an additional 6,046 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.55% of MoneyLion worth $5,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in ML. MMCAP International Inc. SPC purchased a new position in MoneyLion in the fourth quarter worth approximately $41,435,000. Nordea Investment Management AB lifted its stake in shares of MoneyLion by 238.8% in the 4th quarter. Nordea Investment Management AB now owns 30,760 shares of the company's stock valued at $2,653,000 after purchasing an additional 21,681 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of MoneyLion during the 3rd quarter worth $574,000. Geode Capital Management LLC increased its position in shares of MoneyLion by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 167,197 shares of the company's stock worth $6,948,000 after purchasing an additional 9,106 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in MoneyLion in the 3rd quarter valued at about $302,000. Institutional investors and hedge funds own 31.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ML shares. B. Riley lowered shares of MoneyLion from a "buy" rating to a "neutral" rating and lowered their target price for the stock 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. 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 report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.83.

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Insiders Place Their Bets

In other news, CFO Richard Correia sold 3,502 shares of the business's stock in a transaction dated 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 filing with the SEC, which can be accessed through the SEC website. Also, insider Timmie Hong sold 6,254 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $86.39, for a total transaction of $540,283.06. Following the sale, the insider now owns 91,011 shares in the company, valued at $7,862,440.29. The trade was a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,309 shares of company stock worth $4,716,335 over the last 90 days. Corporate insiders own 11.90% of the company's stock.

MoneyLion Price Performance

Shares of ML stock traded down $0.60 during trading on Friday, reaching $86.77. The company's stock had a trading volume of 92,736 shares, compared to its average volume of 209,994. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82. The stock's 50-day moving average price is $86.99 and its 200 day moving average price is $73.76. The company has a market capitalization of $982.18 million, a price-to-earnings ratio of 394.39 and a beta of 3.04.

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.