Los Angeles Capital Management LLC Takes $894,000 Position in MoneyLion Inc. (NYSE:ML)

Los Angeles Capital Management LLC acquired a new position in MoneyLion Inc. (NYSE:ML - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 21,520 shares of the company's stock, valued at approximately $894,000. Los Angeles Capital Management LLC owned about 0.20% of MoneyLion at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. SG Americas Securities LLC increased its holdings in shares of MoneyLion by 500.7% in the second quarter. SG Americas Securities LLC now owns 19,906 shares of the company's stock valued at $1,464,000 after buying an additional 16,592 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of MoneyLion during the first quarter worth $1,070,000. Acadian Asset Management LLC boosted its position in shares of MoneyLion by 114.3% in the 1st quarter. Acadian Asset Management LLC now owns 45,365 shares of the company's stock valued at $3,234,000 after purchasing an additional 24,193 shares during the period. Vanguard Group Inc. increased its stake in MoneyLion by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company's stock worth $16,588,000 after purchasing an additional 3,107 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in MoneyLion by 24.1% during the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company's stock worth $17,675,000 after buying an additional 46,611 shares during the period. 31.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ML has been the topic of several analyst reports. Cantor Fitzgerald raised shares of MoneyLion to a "strong-buy" rating in a research report on Thursday, October 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $70.00 target price on shares of MoneyLion in a research report on Friday, October 4th. Northland Capmk raised MoneyLion to a "strong-buy" rating in a research report on Wednesday, October 16th. Northland Securities raised their price objective on MoneyLion from $60.00 to $80.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Oppenheimer raised shares of MoneyLion from a "market perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research report on Thursday, November 7th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, MoneyLion currently has an average rating of "Buy" and an average target price of $90.71.

MoneyLion Stock Down 1.4 %

Shares of ML traded down $1.14 during mid-day trading on Friday, hitting $78.97. 283,703 shares of the company's stock were exchanged, compared to its average volume of 203,527. The stock has a market cap of $866.30 million, a price-to-earnings ratio of 358.95 and a beta of 2.67. The firm has a fifty day moving average of $48.21 and a two-hundred day moving average of $62.01. MoneyLion Inc. has a twelve month low of $30.81 and a twelve month high of $106.82.

Insiders Place Their Bets

In other news, CEO Diwakar Choubey sold 5,422 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $90.02, for a total value of $488,088.44. Following the completion of the sale, the chief executive officer now directly owns 710,958 shares in the company, valued at approximately $64,000,439.16. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timmie Hong sold 2,334 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $42.34, for a total transaction of $98,821.56. Following the completion of the transaction, the insider now owns 105,857 shares in the company, valued at $4,481,985.38. The trade was a 2.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,686 shares of company stock valued at $3,882,790 over the last three months. 11.90% of the stock is currently owned by insiders.

MoneyLion 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.