MoneyLion Inc. (NYSE:ML) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC cut its position in MoneyLion Inc. (NYSE:ML - Free Report) by 80.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,764 shares of the company's stock after selling 19,001 shares during the period. Thompson Siegel & Walmsley LLC's holdings in MoneyLion were worth $410,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ML. MMCAP International Inc. SPC acquired a new stake in MoneyLion during the fourth quarter worth about $41,435,000. State Street Corp boosted its position in MoneyLion by 3.1% during the third 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 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. Charles Schwab Investment Management Inc. lifted its position in shares of MoneyLion by 11.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 61,133 shares of the company's stock valued at $5,258,000 after acquiring an additional 6,046 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of MoneyLion by 5.2% in the third quarter. Empowered Funds LLC now owns 35,246 shares of the company's stock valued at $1,464,000 after acquiring an additional 1,742 shares in the last quarter. 31.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. 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. Needham & Company LLC reiterated a "hold" rating on shares of MoneyLion in a research report on Friday, March 7th. Lake Street Capital reissued a "hold" rating and set a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, B. Riley cut MoneyLion from a "buy" rating to a "neutral" rating and cut their target price for the stock from $133.00 to $90.00 in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $92.83.

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MoneyLion Stock Performance

Shares of NYSE ML traded up $0.63 during trading on Wednesday, reaching $88.24. The stock had a trading volume of 215,170 shares, compared to its average volume of 210,596. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $106.82. The business's 50-day moving average price is $86.75 and its 200-day moving average price is $71.41. The company has a market cap of $998.82 million, a P/E ratio of 401.07 and a beta of 3.04.

Insider Activity

In related news, CEO Diwakar Choubey sold 18,506 shares of MoneyLion stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total value of $1,614,833.56. Following the completion of the transaction, the chief executive officer now directly owns 320,865 shares in the company, valued at approximately $27,998,679.90. This trade represents a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Mark Torossian sold 1,136 shares of MoneyLion stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $99,127.36. Following the completion of the transaction, the chief accounting officer now owns 17,476 shares of the company's stock, valued at approximately $1,524,955.76. This trade represents a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,309 shares of company stock valued at $4,716,335. 11.90% of the stock is currently owned by corporate insiders.

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.