Walleye Capital LLC Lowers Holdings in MoneyLion Inc. (NYSE:ML)

Walleye Capital LLC cut its position in MoneyLion Inc. (NYSE:ML) by 94.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,266 shares of the company’s stock after selling 115,741 shares during the quarter. Walleye Capital LLC’s holdings in MoneyLion were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of ML. Vanguard Group Inc. lifted its stake in MoneyLion by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after purchasing an additional 3,107 shares in the last quarter. SG Americas Securities LLC lifted its stake in MoneyLion by 500.7% in the 2nd quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock worth $1,464,000 after purchasing an additional 16,592 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in MoneyLion in the 2nd quarter worth approximately $1,776,000. Private Ocean LLC purchased a new stake in MoneyLion in the 2nd quarter worth approximately $238,000. Finally, Commonwealth Equity Services LLC purchased a new stake in MoneyLion in the 2nd quarter worth approximately $227,000. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

MoneyLion Trading Up 14.3 %

Shares of ML opened at $88.02 on Wednesday. The firm’s 50-day moving average price is $63.07 and its 200-day moving average price is $62.68. The firm has a market capitalization of $977.11 million, a price-to-earnings ratio of 400.09 and a beta of 3.08. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ML shares. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of MoneyLion in a research report on Tuesday, November 26th. Northland Securities raised their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Thursday, November 7th. Finally, Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $97.86.

Insider Activity

In related news, Director Chris Sugden sold 25,000 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $86.22, for a total transaction of $2,155,500.00. Following the sale, the director now owns 1,062,505 shares of the company’s stock, valued at $91,609,181.10. The trade was a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Timmie Hong sold 2,334 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $42.34, for a total transaction of $98,821.56. Following the sale, the insider now directly owns 105,857 shares in the company, valued at $4,481,985.38. The trade was a 2.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 109,872 shares of company stock valued at $8,998,024. Corporate insiders own 11.90% of the company’s stock.

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.