Fmr LLC Grows Holdings in MoneyLion Inc. (NYSE:ML)

Fmr LLC raised its position in shares of MoneyLion Inc. (NYSE:ML) by 154.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,049 shares of the company’s stock after purchasing an additional 637 shares during the quarter. Fmr LLC’s holdings in MoneyLion were worth $44,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Covestor Ltd grew its stake in MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after purchasing an additional 255 shares in the last quarter. Quest Partners LLC grew its holdings in MoneyLion by 3,016.7% during the 3rd quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock worth $163,000 after acquiring an additional 3,801 shares in the last quarter. Fiducient Advisors LLC purchased a new position in MoneyLion during the 2nd quarter valued at about $204,000. Commonwealth Equity Services LLC purchased a new stake in shares of MoneyLion in the 2nd quarter worth approximately $227,000. Finally, Private Ocean LLC bought a new position in shares of MoneyLion during the second quarter valued at approximately $238,000. 31.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MoneyLion

In related news, insider Timmie Hong sold 2,504 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $48.35, for a total value of $121,068.40. Following the completion of the sale, the insider now owns 103,353 shares in the company, valued at approximately $4,997,117.55. This represents a 2.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Vanwagner sold 6,165 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $70.00, for a total transaction of $431,550.00. Following the completion of the transaction, the insider now directly owns 103,133 shares of the company’s stock, valued at $7,219,310. This represents a 5.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,632 shares of company stock worth $9,428,405. 11.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ML shares. Northland Capmk raised MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Needham & Company LLC reiterated a “hold” rating and set a $100.00 price target on shares of MoneyLion in a research report on Wednesday, December 11th. Oppenheimer upgraded 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. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Lake Street Capital restated a “hold” rating and set a $82.00 price objective (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Two 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 company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $100.00.

MoneyLion Stock Up 0.5 %

Shares of MoneyLion stock opened at $86.64 on Thursday. The business has a 50-day moving average price of $73.03 and a 200 day moving average price of $62.34. 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 cap of $961.79 million, a P/E ratio of 393.82 and a beta of 3.07.

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.