WINTON GROUP Ltd lessened its position in MoneyLion Inc. (NYSE:ML - Free Report) by 81.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,795 shares of the company's stock after selling 12,352 shares during the period. WINTON GROUP Ltd's holdings in MoneyLion were worth $240,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the company. MMCAP International Inc. SPC bought a new position in shares of MoneyLion during the fourth quarter valued at approximately $41,435,000. Vanguard Group Inc. increased its position in MoneyLion by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 387,269 shares of the company's stock valued at $33,309,000 after purchasing an additional 10,191 shares during the period. State Street Corp raised its holdings in MoneyLion by 3.1% in the 3rd 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 3rd quarter. Geode Capital Management LLC now owns 167,197 shares of the company's stock worth $6,948,000 after purchasing an additional 9,106 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake 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 valued at $5,258,000 after purchasing an additional 6,046 shares in the last quarter. Hedge funds and other institutional investors own 31.43% of the company's stock.
MoneyLion Stock Performance
Shares of ML traded down $0.91 during trading hours on Friday, hitting $85.59. The company had a trading volume of 289,090 shares, compared to its average volume of 209,040. The stock has a market capitalization of $968.88 million, a price-to-earnings ratio of 389.05 and a beta of 2.94. The firm has a fifty day moving average price of $86.96 and a 200-day moving average price of $75.08. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Needham & Company LLC reissued a "hold" rating on shares of MoneyLion in a research note on Friday, March 7th. B. Riley lowered MoneyLion from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $133.00 to $90.00 in a research report on Wednesday, February 26th. Finally, Lake Street Capital reaffirmed a "hold" rating and issued a $82.00 target price (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $92.83.
Check Out Our Latest Analysis on ML
Insider Buying and Selling at MoneyLion
In other MoneyLion 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 sale, the chief executive officer now owns 320,865 shares of the company's stock, valued at approximately $27,998,679.90. This trade represents a 5.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Vanwagner sold 5,326 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $464,746.76. Following the transaction, the insider now directly owns 85,306 shares in the company, valued at approximately $7,443,801.56. The trade was a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,309 shares of company stock worth $4,716,335. 11.90% of the stock is owned by corporate insiders.
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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