Walleye Capital LLC Sells 115,741 Shares of MoneyLion Inc. (NYSE:ML)

Walleye Capital LLC decreased its holdings in MoneyLion Inc. (NYSE:ML - Free Report) by 94.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,266 shares of the company's stock after selling 115,741 shares during the period. Walleye Capital LLC owned approximately 0.07% of MoneyLion worth $302,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ML. MetLife Investment Management LLC acquired a new position in MoneyLion during the 3rd quarter worth approximately $208,000. FMR LLC increased its holdings in shares of 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. Quantbot Technologies LP bought a new position in shares of MoneyLion in the 3rd quarter valued at $302,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of MoneyLion by 6.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,087 shares of the company's stock valued at $2,289,000 after acquiring an additional 3,179 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its position in MoneyLion by 10.7% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 23,765 shares of the company's stock worth $987,000 after acquiring an additional 2,298 shares during the last quarter. Institutional investors and hedge funds own 31.43% of the company's stock.

Analyst Upgrades and Downgrades

ML has been the subject of several research reports. Cantor Fitzgerald upgraded MoneyLion to a "strong-buy" rating in a research report on Thursday, October 3rd. Oppenheimer upgraded shares of MoneyLion from a "market perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a report on Thursday, November 7th. Northland Securities boosted their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Needham & Company LLC reaffirmed a "hold" rating and set a $100.00 price target on shares of MoneyLion in a research note on Wednesday. Finally, Northland Capmk upgraded shares of MoneyLion to a "strong-buy" rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $94.00.

MoneyLion Stock Performance

Shares of NYSE:ML traded down $0.84 during trading on Wednesday, reaching $87.18. The stock had a trading volume of 720,859 shares, compared to its average volume of 210,182. MoneyLion Inc. has a 52 week low of $36.65 and a 52 week high of $106.82. The firm's fifty day moving average is $64.06 and its 200 day moving average is $62.85. The stock has a market cap of $967.79 million, a price-to-earnings ratio of 396.27 and a beta of 3.08.

Insider Activity at MoneyLion

In other MoneyLion news, CEO Diwakar Choubey sold 16,080 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $90.44, for a total transaction of $1,454,275.20. Following the transaction, the chief executive officer now directly owns 674,025 shares in the company, valued at approximately $60,958,821. This represents a 2.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timmie Hong sold 2,334 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $42.34, for a total transaction of $98,821.56. Following the sale, the insider now directly owns 105,857 shares of the company's stock, valued at approximately $4,481,985.38. This trade represents a 2.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,872 shares of company stock worth $8,998,024 over the last quarter. Company insiders own 11.90% of the company's stock.

MoneyLion 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.