Vanguard Group Inc. Increases Holdings in MoneyLion Inc. (NYSE:ML)

Vanguard Group Inc. grew its holdings in MoneyLion Inc. (NYSE:ML) by 2.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 387,269 shares of the company’s stock after acquiring an additional 10,191 shares during the quarter. Vanguard Group Inc.’s holdings in MoneyLion were worth $33,309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ML. KLP Kapitalforvaltning AS purchased a new position in MoneyLion in the fourth quarter valued at approximately $86,000. American Century Companies Inc. boosted its holdings in shares of MoneyLion by 33.6% in the 4th quarter. American Century Companies Inc. now owns 14,404 shares of the company’s stock valued at $1,239,000 after buying an additional 3,625 shares in the last quarter. Quantbot Technologies LP grew its position in shares of MoneyLion by 64.0% in the 4th quarter. Quantbot Technologies LP now owns 11,927 shares of the company’s stock valued at $1,026,000 after buying an additional 4,655 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in MoneyLion during the 4th quarter worth $842,000. Finally, Swiss National Bank lifted its position in MoneyLion by 11.2% in 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 during the last quarter. Institutional investors and hedge funds own 31.43% of the company’s stock.

Insider Buying and Selling

In other MoneyLion news, CAO Mark Torossian sold 1,136 shares of MoneyLion 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 $99,127.36. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Vanwagner sold 5,326 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 $464,746.76. Following the transaction, the insider now directly owns 85,306 shares of the company’s stock, valued at approximately $7,443,801.56. This trade represents a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,309 shares of company stock valued at $4,716,335 over the last three months. 11.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have 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 decreased their price objective for the company from $133.00 to $90.00 in a report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MoneyLion presently has an average rating of “Moderate Buy” and a consensus price target of $92.83.

MoneyLion Trading Up 0.7 %

Shares of ML stock opened at $85.57 on Monday. The company has a market capitalization of $968.60 million, a P/E ratio of 388.93 and a beta of 2.94. The business’s 50 day moving average is $86.76 and its two-hundred day moving average is $77.44. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82.

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.