Marshall Wace LLP Has $22.32 Million Stake in MoneyLion Inc. (NYSE:ML)

Marshall Wace LLP boosted its position in MoneyLion Inc. (NYSE:ML) by 54.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 259,461 shares of the company’s stock after purchasing an additional 90,929 shares during the quarter. Marshall Wace LLP’s holdings in MoneyLion were worth $22,316,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after buying an additional 637 shares during the period. State Street Corp increased its position in MoneyLion by 3.1% in 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. Barclays PLC raised its stake in shares of MoneyLion by 52.1% during the third quarter. Barclays PLC now owns 13,821 shares of the company’s stock valued at $575,000 after acquiring an additional 4,735 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of MoneyLion by 5.8% during the third 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, Nordea Investment Management AB grew its stake in shares of MoneyLion by 238.8% in 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 last quarter. 31.43% of the stock is currently owned by institutional investors.

MoneyLion Stock Performance

ML stock opened at $85.90 on Friday. The firm has a market cap of $972.39 million, a PE ratio of 390.45 and a beta of 2.94. The stock has a 50-day moving average price of $86.61 and a 200-day moving average price of $78.79. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82.

Insider Buying and Selling

In other news, CFO Richard Correia sold 3,502 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $300,331.52. Following the transaction, the chief financial officer now owns 182,570 shares of the company’s stock, valued at $15,657,203.20. This represents a 1.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Timmie Hong sold 1,365 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $117,062.40. Following the completion of the sale, the insider now directly owns 95,395 shares of the company’s stock, valued at $8,181,075.20. The trade was a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,055 shares of company stock valued at $4,176,052 over the last 90 days. Company insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ML. Needham & Company LLC reaffirmed a “hold” rating on shares of MoneyLion in a report on Friday, March 7th. B. Riley downgraded 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 research 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 stock. Based on data from MarketBeat.com, MoneyLion presently has a consensus rating of “Moderate Buy” and an average price target of $92.83.

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.