Marshall Wace LLP Acquires 90,929 Shares of MoneyLion Inc. (NYSE:ML)

Marshall Wace LLP grew its position in shares of MoneyLion Inc. (NYSE:ML - Free Report) by 54.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 259,461 shares of the company's stock after buying an additional 90,929 shares during the quarter. Marshall Wace LLP owned approximately 2.34% of MoneyLion worth $22,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. MMCAP International Inc. SPC bought a new stake in MoneyLion during the fourth quarter worth approximately $41,435,000. Vanguard Group Inc. increased its position in shares of MoneyLion by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 387,269 shares of the company's stock valued at $33,309,000 after purchasing an additional 10,191 shares during the period. Renaissance Technologies LLC increased its holdings in MoneyLion by 20.7% in the 4th quarter. Renaissance Technologies LLC now owns 276,061 shares of the company's stock valued at $23,744,000 after buying an additional 47,300 shares during the period. Cooper Creek Partners Management LLC acquired a new position in MoneyLion in the fourth quarter worth about $21,933,000. Finally, State Street Corp raised its holdings in shares of MoneyLion by 3.1% in the 3rd quarter. State Street Corp now owns 169,694 shares of the company's stock worth $7,051,000 after buying an additional 5,108 shares in the last quarter. 31.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ML has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of MoneyLion in a research report on Friday, March 7th. B. Riley cut MoneyLion from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $133.00 to $90.00 in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $92.83.

Insider Buying and Selling at MoneyLion

In related news, insider Timmie Hong sold 1,365 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $85.76, for a total transaction of $117,062.40. Following the completion of the transaction, the insider now directly owns 95,395 shares of the company's stock, valued at approximately $8,181,075.20. This represents a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam Vanwagner sold 5,326 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $464,746.76. Following the transaction, the insider now owns 85,306 shares in the company, valued at approximately $7,443,801.56. The trade was a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,055 shares of company stock valued at $4,176,052 in the last 90 days. 11.90% of the stock is currently owned by company insiders.

MoneyLion Price Performance

Shares of ML remained flat at $85.90 on Friday. The business's 50 day simple moving average is $86.52 and its two-hundred day simple moving average is $79.81. MoneyLion Inc. has a 52 week low of $36.65 and a 52 week high of $106.82. The stock has a market cap of $972.39 million, a P/E ratio of 390.45 and a beta of 2.94.

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.