MoneyLion Inc. (NYSE:ML) Shares Sold by Walleye Capital LLC

Walleye Capital LLC trimmed its position in MoneyLion Inc. (NYSE:ML) by 94.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,266 shares of the company’s stock after selling 115,741 shares during the quarter. Walleye Capital LLC owned approximately 0.07% of MoneyLion worth $302,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in MoneyLion by 1.4% during the first quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after buying an additional 3,107 shares in the last quarter. SG Americas Securities LLC grew its position in shares of MoneyLion by 500.7% during the 2nd quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock worth $1,464,000 after buying an additional 16,592 shares during the period. Bank of New York Mellon Corp acquired a new position in MoneyLion during the 2nd quarter worth approximately $1,776,000. Private Ocean LLC acquired a new position in MoneyLion during the 2nd quarter worth approximately $238,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of MoneyLion during the 2nd quarter worth approximately $227,000. 31.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ML has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of MoneyLion in a research note on Tuesday, November 26th. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Northland Securities upped their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, 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 report on Thursday, November 7th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $97.86.

Insider Activity

In related news, Director Chris Sugden sold 25,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 1,062,505 shares of the company’s stock, 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 is accessible through this hyperlink. Also, CEO Diwakar Choubey sold 16,080 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $90.44, for a total transaction of $1,454,275.20. Following the completion of the transaction, the chief executive officer now directly owns 674,025 shares of the company’s stock, valued at approximately $60,958,821. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,872 shares of company stock valued at $8,998,024 in the last three months. Company insiders own 11.90% of the company’s stock.

MoneyLion Price Performance

ML opened at $88.02 on Wednesday. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $106.82. The firm has a market capitalization of $977.11 million, a PE ratio of 400.09 and a beta of 3.08. The company’s 50-day moving average is $63.07 and its 200 day moving average is $62.68.

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.