New York State Common Retirement Fund Trims Position in MoneyLion Inc. (NYSE:ML)

New York State Common Retirement Fund cut its stake in shares of MoneyLion Inc. (NYSE:ML - Free Report) by 95.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,500 shares of the company's stock after selling 81,838 shares during the period. New York State Common Retirement Fund's holdings in MoneyLion were worth $301,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Covestor Ltd increased its position in shares of MoneyLion by 63.6% during the 3rd quarter. Covestor Ltd now owns 656 shares of the company's stock valued at $27,000 after purchasing an additional 255 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of MoneyLion during the 3rd quarter valued at $894,000. GSA Capital Partners LLP increased its position in shares of MoneyLion by 10.4% during the 3rd quarter. GSA Capital Partners LLP now owns 14,427 shares of the company's stock valued at $599,000 after purchasing an additional 1,360 shares during the last quarter. Empowered Funds LLC increased its position in shares of MoneyLion by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 35,246 shares of the company's stock valued at $1,464,000 after purchasing an additional 1,742 shares during the last quarter. Finally, Quest Partners LLC increased its position in shares of MoneyLion by 3,016.7% during the 3rd quarter. Quest Partners LLC now owns 3,927 shares of the company's stock valued at $163,000 after purchasing an additional 3,801 shares during the last quarter. 31.43% of the stock is currently owned by institutional investors.

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MoneyLion Trading Up 0.3 %

Shares of ML traded up $0.22 during trading hours on Friday, reaching $87.77. 183,342 shares of the company's stock traded hands, compared to its average volume of 215,686. MoneyLion Inc. has a 12 month low of $36.65 and a 12 month high of $106.82. The firm's 50 day simple moving average is $86.67 and its 200-day simple moving average is $68.71. The stock has a market cap of $974.33 million, a PE ratio of 398.95 and a beta of 3.04.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, CAO Mark Torossian sold 1,136 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total value of $99,127.36. Following the completion of the sale, the chief accounting officer now owns 17,476 shares in the company, valued at approximately $1,524,955.76. The trade was a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Diwakar Choubey sold 18,506 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $1,614,833.56. Following the completion of the sale, the chief executive officer now 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. Over the last 90 days, insiders sold 60,403 shares of company stock worth $5,245,538. 11.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ML has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of MoneyLion in a research report on Friday. Lake Street Capital reaffirmed a "hold" rating and set a $82.00 target price (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Northland Securities raised their target price on MoneyLion from $80.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Finally, B. Riley lowered MoneyLion from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $133.00 to $90.00 in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $92.83.

MoneyLion Company 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.