MoneyLion Inc. (NYSE:ML) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of MoneyLion Inc. (NYSE:ML) by 5.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 167,197 shares of the company’s stock after acquiring an additional 9,106 shares during the period. Geode Capital Management LLC’s holdings in MoneyLion were worth $6,948,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC lifted its position in MoneyLion by 52.1% during the third quarter. Barclays PLC now owns 13,821 shares of the company’s stock worth $575,000 after buying an additional 4,735 shares during the period. State Street Corp grew its holdings in MoneyLion by 3.1% in the 3rd quarter. State Street Corp now owns 169,694 shares of the company’s stock valued at $7,051,000 after buying an additional 5,108 shares during the period. Point72 DIFC Ltd acquired a new position in shares of MoneyLion during the 3rd quarter valued at about $40,000. Point72 Asset Management L.P. purchased a new position in shares of MoneyLion during the 3rd quarter worth about $574,000. Finally, Centiva Capital LP acquired a new stake in shares of MoneyLion in the third quarter worth approximately $249,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Insiders Place Their Bets

In other MoneyLion news, insider Timmie Hong sold 6,094 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $86.84, for a total value of $529,202.96. Following the completion of the transaction, the insider now directly owns 86,015 shares of the company’s stock, valued at $7,469,542.60. This represents a 6.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Mark Torossian sold 328 shares of MoneyLion stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $80.00, for a total value of $26,240.00. Following the sale, the chief accounting officer now directly owns 20,409 shares in the company, valued at approximately $1,632,720. The trade was a 1.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,632 shares of company stock worth $9,428,405 over the last quarter. 11.90% of the stock is owned by corporate insiders.

MoneyLion Trading Up 0.7 %

Shares of MoneyLion stock opened at $86.79 on Friday. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82. The stock has a market cap of $963.46 million, a price-to-earnings ratio of 394.50 and a beta of 3.08. The company has a fifty day moving average price of $78.64 and a 200 day moving average price of $62.55.

Analysts Set New Price Targets

Several brokerages recently commented on ML. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Thursday, November 7th. Northland Securities upped their price target on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, Lake Street Capital restated 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. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, MoneyLion has a consensus rating of “Buy” and a consensus price target of $100.00.

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.