Vanguard Group Inc. Acquires 10,191 Shares of MoneyLion Inc. (NYSE:ML)

Vanguard Group Inc. lifted its position in shares of MoneyLion Inc. (NYSE:ML - Free Report) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,269 shares of the company's stock after acquiring an additional 10,191 shares during the quarter. Vanguard Group Inc. owned 3.49% of MoneyLion worth $33,309,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ML. MMCAP International Inc. SPC acquired a new position in MoneyLion during the fourth quarter worth about $41,435,000. State Street Corp raised its position in shares of MoneyLion by 3.1% during the 3rd 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 last quarter. Geode Capital Management LLC lifted its stake in MoneyLion by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 167,197 shares of the company's stock valued at $6,948,000 after buying an additional 9,106 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in MoneyLion by 11.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 61,133 shares of the company's stock valued at $5,258,000 after buying an additional 6,046 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in MoneyLion by 238.8% during the 4th quarter. Nordea Investment Management AB now owns 30,760 shares of the company's stock valued at $2,653,000 after buying an additional 21,681 shares during the last quarter. Institutional investors and hedge funds own 31.43% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ML. B. Riley downgraded shares of MoneyLion from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $133.00 to $90.00 in a report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "hold" rating on shares of MoneyLion in a research note on Friday, March 7th. Three investment 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. Based on data from MarketBeat.com, MoneyLion has a consensus 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 6,254 shares of the business'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 value of $540,283.06. Following the completion of the sale, the insider now owns 91,011 shares of the company's stock, valued at approximately $7,862,440.29. The trade was a 6.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Richard Correia sold 3,502 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $300,331.52. Following the sale, the chief financial officer now owns 182,570 shares of the company's stock, valued at approximately $15,657,203.20. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,309 shares of company stock valued at $4,716,335. 11.90% of the stock is owned by corporate insiders.

MoneyLion Stock Performance

Shares of NYSE:ML traded up $0.59 during trading hours on Tuesday, hitting $85.84. The stock had a trading volume of 347,869 shares, compared to its average volume of 213,509. The stock's fifty day simple moving average is $86.68 and its 200 day simple moving average is $77.81. The firm has a market capitalization of $971.67 million, a price-to-earnings ratio of 390.17 and a beta of 2.94. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year 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.