MoneyLion Inc. (NYSE:ML) Shares Sold by AlphaQuest LLC

AlphaQuest LLC trimmed its holdings in MoneyLion Inc. (NYSE:ML) by 67.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,261 shares of the company’s stock after selling 2,666 shares during the quarter. AlphaQuest LLC’s holdings in MoneyLion were worth $108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cornerstone Investment Partners LLC acquired a new stake in MoneyLion in the 4th quarter valued at about $222,000. Charles Schwab Investment Management Inc. lifted its stake in MoneyLion by 11.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 61,133 shares of the company’s stock valued at $5,258,000 after buying an additional 6,046 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in MoneyLion during the fourth quarter valued at about $29,000. MMCAP International Inc. SPC purchased a new stake in MoneyLion during the fourth quarter valued at about $41,435,000. Finally, Bank of New York Mellon Corp lifted its stake in MoneyLion by 11.6% during the fourth quarter. Bank of New York Mellon Corp now owns 19,648 shares of the company’s stock valued at $1,690,000 after buying an additional 2,050 shares in the last quarter. 31.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Richard Correia sold 3,502 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $300,331.52. Following the transaction, the chief financial officer now owns 182,570 shares in the company, valued at approximately $15,657,203.20. This represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Diwakar Choubey sold 18,506 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 320,865 shares in the company, valued at $27,998,679.90. This represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,309 shares of company stock worth $4,716,335 in the last 90 days. Company insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ML. Needham & Company LLC reaffirmed a “hold” rating on shares of MoneyLion in a research note on Friday, March 7th. Northland Securities upped their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. B. Riley lowered shares of MoneyLion from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $133.00 to $90.00 in a research note on Wednesday, February 26th. Finally, Lake Street Capital reaffirmed a “hold” rating and set a $82.00 price objective (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.83.

MoneyLion Price Performance

Shares of ML opened at $87.02 on Wednesday. The company has a market capitalization of $985.07 million, a price-to-earnings ratio of 395.55 and a beta of 3.04. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $106.82. The business’s 50-day moving average is $86.75 and its 200-day moving average is $71.41.

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.