State Street Corp Acquires 5,108 Shares of MoneyLion Inc. (NYSE:ML)

State Street Corp grew its holdings in MoneyLion Inc. (NYSE:ML) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 169,694 shares of the company’s stock after buying an additional 5,108 shares during the quarter. State Street Corp’s holdings in MoneyLion were worth $7,051,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Marshall Wace LLP boosted its stake in shares of MoneyLion by 24.1% during the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $17,675,000 after purchasing an additional 46,611 shares in the last quarter. Driehaus Capital Management LLC lifted its holdings in MoneyLion by 77.1% in the second quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after buying an additional 96,433 shares during the period. Renaissance Technologies LLC lifted its holdings in MoneyLion by 64.2% in the second quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock worth $15,747,000 after buying an additional 83,700 shares during the period. Divisadero Street Capital Management LP bought a new stake in MoneyLion during the 2nd quarter valued at approximately $13,427,000. Finally, Bank of Montreal Can grew its holdings in shares of MoneyLion by 2,060.1% during the 2nd quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock worth $7,864,000 after acquiring an additional 98,680 shares during the period. 31.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MoneyLion

In related news, Director Chris Sugden sold 25,000 shares of MoneyLion stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $86.22, for a total value of $2,155,500.00. Following the completion of the sale, the director now directly owns 1,062,505 shares in the company, valued at approximately $91,609,181.10. This trade represents a 2.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Vanwagner sold 6,165 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $70.00, for a total transaction of $431,550.00. Following the transaction, the insider now owns 103,133 shares in the company, valued at $7,219,310. This represents a 5.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,632 shares of company stock worth $9,428,405. 11.90% of the stock is owned by corporate insiders.

MoneyLion Price Performance

ML opened at $86.58 on Friday. The firm has a market cap of $961.12 million, a PE ratio of 393.55 and a beta of 3.07. The stock has a 50-day moving average price of $74.61 and a 200-day moving average price of $62.53. MoneyLion Inc. has a 1 year low of $36.65 and a 1 year high of $106.82.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Northland Securities raised their target price on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Thursday, November 7th. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Lake Street Capital reissued a “hold” rating and set a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $100.00.

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.