MoneyLion Inc. (NYSE:ML) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in shares of MoneyLion Inc. (NYSE:ML) by 64.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,927 shares of the company’s stock after purchasing an additional 4,655 shares during the period. Quantbot Technologies LP owned about 0.11% of MoneyLion worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of MoneyLion in the 4th quarter valued at about $842,000. Swiss National Bank raised its position in MoneyLion by 11.2% during the fourth quarter. Swiss National Bank now owns 12,900 shares of the company’s stock valued at $1,110,000 after acquiring an additional 1,300 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new position in MoneyLion in the fourth quarter valued at approximately $310,000. Cornerstone Investment Partners LLC purchased a new stake in MoneyLion in the 4th quarter worth approximately $222,000. Finally, Charles Schwab Investment Management Inc. grew 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 worth $5,258,000 after purchasing an additional 6,046 shares during the period. 31.43% of the stock is owned by hedge funds and other institutional investors.

MoneyLion Trading Up 0.1 %

Shares of MoneyLion stock opened at $88.05 on Wednesday. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82. The firm has a market capitalization of $996.73 million, a PE ratio of 400.23 and a beta of 3.04. The firm’s 50-day moving average price is $86.94 and its 200 day moving average price is $72.99.

Analysts Set New Price Targets

ML has been the topic of a number of recent analyst reports. Lake Street Capital reissued a “hold” rating and set a $82.00 price target (down from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Needham & Company LLC reissued a “hold” rating on shares of MoneyLion in a research note on Friday, March 7th. 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 cut MoneyLion from a “buy” rating to a “neutral” rating and reduced their price target 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 assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, MoneyLion has a consensus rating of “Moderate Buy” and a consensus price target of $92.83.

Insider Activity

In related news, insider Adam Vanwagner sold 5,326 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Mark Torossian sold 1,136 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $99,127.36. Following the completion of the sale, the chief accounting officer now owns 17,476 shares of the company’s stock, valued at approximately $1,524,955.76. The trade was a 6.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,309 shares of company stock worth $4,716,335 over the last quarter. 11.90% of the stock is currently owned by corporate insiders.

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.