Balyasny Asset Management L.P. Sells 19,780 Shares of MoneyLion Inc. (NYSE:ML)

Balyasny Asset Management L.P. lowered its position in MoneyLion Inc. (NYSE:ML) by 74.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,950 shares of the company’s stock after selling 19,780 shares during the period. Balyasny Asset Management L.P.’s holdings in MoneyLion were worth $598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. MMCAP International Inc. SPC purchased a new stake in shares of MoneyLion in the fourth quarter valued at approximately $41,435,000. Vanguard Group Inc. boosted its holdings in shares of MoneyLion by 2.7% in the fourth 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. Renaissance Technologies LLC boosted its holdings in shares of MoneyLion by 20.7% in the fourth quarter. Renaissance Technologies LLC now owns 276,061 shares of the company’s stock valued at $23,744,000 after purchasing an additional 47,300 shares during the period. Marshall Wace LLP boosted its holdings in shares of MoneyLion by 54.0% in the fourth quarter. Marshall Wace LLP now owns 259,461 shares of the company’s stock valued at $22,316,000 after purchasing an additional 90,929 shares during the period. Finally, Cooper Creek Partners Management LLC purchased a new stake in shares of MoneyLion in the fourth quarter valued at approximately $21,933,000. Institutional investors own 31.43% of the company’s stock.

Analyst Ratings Changes

ML has been the subject of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of MoneyLion in a report on Friday, March 7th. B. Riley downgraded shares of MoneyLion from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $133.00 to $90.00 in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $90.40.

MoneyLion Price Performance

Shares of NYSE:ML opened at $85.90 on Friday. The company has a market capitalization of $972.39 million, a price-to-earnings ratio of 390.45 and a beta of 2.94. MoneyLion Inc. has a 52 week low of $36.65 and a 52 week high of $106.82. The firm has a 50 day moving average of $86.27 and a 200 day moving average of $84.06.

Insider Buying and Selling

In other news, CFO Richard Correia sold 11,490 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $1,002,617.40. Following the transaction, the chief financial officer now directly owns 166,529 shares of the company’s stock, valued at approximately $14,531,320.54. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Mark Torossian sold 1,136 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 17,476 shares in the company, valued at approximately $1,524,955.76. The trade was a 6.10% 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. Corporate insiders own 11.90% of the company’s stock.

MoneyLion Company 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.