MoneyLion Inc. (NYSE:ML) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB raised its position in MoneyLion Inc. (NYSE:ML - Free Report) by 238.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,760 shares of the company's stock after purchasing an additional 21,681 shares during the period. Nordea Investment Management AB owned about 0.28% of MoneyLion worth $2,653,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC lifted its position in shares of MoneyLion by 52.1% in the third quarter. Barclays PLC now owns 13,821 shares of the company's stock valued at $575,000 after acquiring an additional 4,735 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of MoneyLion by 5.8% in the third quarter. Geode Capital Management LLC now owns 167,197 shares of the company's stock valued at $6,948,000 after acquiring an additional 9,106 shares in the last quarter. State Street Corp lifted its position in shares of MoneyLion by 3.1% in the third quarter. State Street Corp now owns 169,694 shares of the company's stock valued at $7,051,000 after acquiring an additional 5,108 shares in the last quarter. Point72 DIFC Ltd purchased a new position in MoneyLion during the third quarter worth about $40,000. Finally, Point72 Asset Management L.P. purchased a new position in MoneyLion during the third quarter worth about $574,000. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MoneyLion news, insider Adam Vanwagner sold 6,165 shares of MoneyLion stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $70.00, for a total transaction of $431,550.00. Following the sale, the insider now owns 103,133 shares of the company's stock, valued at $7,219,310. The trade was a 5.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Chris Sugden sold 25,000 shares of MoneyLion stock in a transaction on Friday, December 6th. The shares were sold at an average price of $86.22, for a total value of $2,155,500.00. Following the sale, the director now directly owns 1,062,505 shares in the company, valued at $91,609,181.10. The trade was a 2.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,632 shares of company stock valued at $9,428,405. Insiders own 11.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ML. Northland Securities increased their target price on MoneyLion from $80.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Lake Street Capital restated a "hold" rating and issued a $82.00 price objective (down from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Needham & Company LLC restated a "hold" rating and issued a $100.00 price objective on shares of MoneyLion in a report on Wednesday, December 11th. Oppenheimer upgraded MoneyLion from a "market perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a report on Thursday, November 7th. Finally, Northland Capmk upgraded MoneyLion to a "strong-buy" rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, MoneyLion presently has an average rating of "Buy" and an average price target of $100.00.

MoneyLion Stock Down 0.6 %

NYSE:ML traded down $0.54 during trading hours on Friday, reaching $85.90. 297,745 shares of the stock were exchanged, compared to its average volume of 190,374. The firm has a 50 day simple moving average of $82.87 and a 200-day simple moving average of $62.80. MoneyLion Inc. has a 52 week low of $36.65 and a 52 week high of $106.82. The stock has a market capitalization of $953.58 million, a P/E ratio of 390.45 and a beta of 3.07.

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.