Quantbot Technologies LP boosted its holdings in MoneyLion Inc. (NYSE:ML - Free Report) by 64.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,927 shares of the company's stock after acquiring an additional 4,655 shares during the period. Quantbot Technologies LP owned 0.11% of MoneyLion worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in ML. SBI Securities Co. Ltd. acquired a new stake in shares of MoneyLion in the fourth quarter valued at approximately $29,000. Point72 DIFC Ltd purchased a new stake in MoneyLion in the 3rd quarter valued at approximately $40,000. FMR LLC increased its position in MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company's stock worth $44,000 after buying an additional 637 shares in the last quarter. New York State Teachers Retirement System purchased a new position in MoneyLion during the fourth quarter worth $67,000. Finally, Quest Partners LLC raised its holdings in shares of MoneyLion by 3,016.7% in the third quarter. Quest Partners LLC now owns 3,927 shares of the company's stock worth $163,000 after acquiring an additional 3,801 shares during the last quarter. 31.43% of the stock is currently owned by hedge funds and other institutional investors.
MoneyLion Price Performance
NYSE:ML traded down $0.60 during trading hours on Friday, reaching $86.77. 92,736 shares of the company were exchanged, compared to its average volume of 209,994. The firm has a market cap of $982.18 million, a price-to-earnings ratio of 394.39 and a beta of 3.04. The stock has a 50 day simple moving average of $86.99 and a 200 day simple moving average of $73.76. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82.
Insider Transactions at MoneyLion
In other MoneyLion news, insider Timmie Hong sold 1,365 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $117,062.40. Following the completion of the sale, the insider now directly owns 95,395 shares in the company, valued at $8,181,075.20. The trade was a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Diwakar Choubey sold 18,506 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $1,614,833.56. Following the completion of the sale, the chief executive officer now directly owns 320,865 shares of the company's stock, valued at $27,998,679.90. The trade was a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,309 shares of company stock worth $4,716,335 in the last ninety days. Insiders own 11.90% of the company's stock.
Analyst Ratings Changes
ML has been the subject of several analyst reports. B. Riley downgraded shares of MoneyLion from a "buy" rating to a "neutral" rating and cut their target price for the company from $133.00 to $90.00 in a research note on Wednesday, February 26th. Lake Street Capital reissued a "hold" rating and issued a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Finally, Needham & Company LLC restated a "hold" rating on shares of MoneyLion in a research report 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's stock. According to data from MarketBeat.com, MoneyLion currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.83.
Check Out Our Latest Analysis on MoneyLion
About MoneyLion
(
Free Report)
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.
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