Russell Investments Group Ltd. Sells 10,226 Shares of MoneyLion Inc. (NYSE:ML)

Russell Investments Group Ltd. cut its stake in MoneyLion Inc. (NYSE:ML - Free Report) by 69.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,561 shares of the company's stock after selling 10,226 shares during the period. Russell Investments Group Ltd.'s holdings in MoneyLion were worth $392,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in MoneyLion by 238.8% during the fourth quarter. Nordea Investment Management AB now owns 30,760 shares of the company's stock worth $2,653,000 after purchasing an additional 21,681 shares during the period. Geode Capital Management LLC boosted its holdings in shares of MoneyLion by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 167,197 shares of the company's stock worth $6,948,000 after buying an additional 9,106 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of MoneyLion by 11.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 61,133 shares of the company's stock worth $5,258,000 after buying an additional 6,046 shares during the period. Barclays PLC increased its stake in shares of MoneyLion by 52.1% in the 3rd 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. Finally, State Street Corp lifted its position in shares of MoneyLion by 3.1% during the 3rd 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 during the period. Institutional investors and hedge funds own 31.43% of the company's stock.

Analyst Ratings Changes

ML has been the subject of several recent research reports. Needham & Company LLC restated a "hold" rating on shares of MoneyLion in a report on Friday, March 7th. B. Riley downgraded shares of MoneyLion from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $133.00 to $90.00 in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $92.83.

MoneyLion Price Performance

Shares of ML remained flat at $85.90 during midday trading on Friday. The company has a market cap of $972.39 million, a PE ratio of 390.45 and a beta of 2.94. The stock's 50-day moving average price is $86.51 and its 200-day moving average price is $80.39. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82.

Insider Activity

In other MoneyLion news, CEO Diwakar Choubey sold 18,506 shares of the firm's stock in a transaction dated 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 directly owns 320,865 shares in the company, valued at $27,998,679.90. This trade represents a 5.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Timmie Hong sold 1,365 shares of MoneyLion stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $117,062.40. Following the sale, the insider now owns 95,395 shares in the company, valued at $8,181,075.20. This represents a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,055 shares of company stock valued at $4,176,052. Insiders own 11.90% of the company's stock.

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.