MoneyLion Inc. (NYSE:ML) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in MoneyLion Inc. (NYSE:ML) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,087 shares of the company’s stock after purchasing an additional 3,179 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in MoneyLion were worth $2,289,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ML. Thompson Siegel & Walmsley LLC raised its stake in MoneyLion by 10.7% during the third quarter. Thompson Siegel & Walmsley LLC now owns 23,765 shares of the company’s stock worth $987,000 after acquiring an additional 2,298 shares during the period. Quest Partners LLC increased its stake in shares of MoneyLion by 3,016.7% in the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after purchasing an additional 3,801 shares during the period. Empowered Funds LLC increased its stake in shares of MoneyLion by 5.2% in the third quarter. Empowered Funds LLC now owns 35,246 shares of the company’s stock valued at $1,464,000 after purchasing an additional 1,742 shares during the period. GSA Capital Partners LLP increased its stake in shares of MoneyLion by 10.4% in the third quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock valued at $599,000 after purchasing an additional 1,360 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of MoneyLion in the third quarter valued at approximately $894,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

MoneyLion Stock Up 1.3 %

ML stock opened at $87.38 on Monday. MoneyLion Inc. has a 12-month low of $36.65 and a 12-month high of $106.82. The company has a market cap of $970.01 million, a price-to-earnings ratio of 397.18 and a beta of 3.08. The company has a 50 day moving average of $66.00 and a two-hundred day moving average of $62.46.

Insider Activity

In other MoneyLion news, Director Chris Sugden sold 25,000 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $86.22, for a total value of $2,155,500.00. Following the sale, the director now directly owns 1,062,505 shares in the company, valued at $91,609,181.10. This trade represents a 2.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Diwakar Choubey sold 20,133 shares of MoneyLion stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $80.11, for a total transaction of $1,612,854.63. Following the sale, the chief executive officer now owns 690,825 shares in the company, valued at approximately $55,341,990.75. This trade represents a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,538 shares of company stock worth $8,899,202. 11.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ML shares. Lake Street Capital reiterated a “hold” rating and issued a $82.00 price objective (down from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Needham & Company LLC restated a “hold” rating and set a $100.00 target price on shares of MoneyLion in a report on Wednesday, December 11th. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Thursday, November 7th. Finally, Northland Securities raised their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, MoneyLion currently has an average rating of “Buy” and a consensus price target of $100.00.

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.