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

State Street Corp raised its holdings in MoneyLion Inc. (NYSE:ML) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,694 shares of the company’s stock after purchasing an additional 5,108 shares during the period. State Street Corp owned 1.55% of MoneyLion worth $7,051,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Divisadero Street Capital Management LP purchased a new stake in MoneyLion during the 2nd quarter worth about $13,427,000. Bank of Montreal Can increased its position in shares of MoneyLion by 2,060.1% during the second quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock valued at $7,864,000 after buying an additional 98,680 shares during the period. Driehaus Capital Management LLC lifted its holdings in shares of 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 in the last quarter. Renaissance Technologies LLC boosted its position in shares of MoneyLion by 64.2% in the second quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock valued at $15,747,000 after acquiring an additional 83,700 shares during the period. Finally, Marshall Wace LLP grew its stake in MoneyLion by 24.1% during the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock valued at $17,675,000 after acquiring an additional 46,611 shares in the last quarter. Institutional investors own 31.43% of the company’s stock.

Insider Buying and Selling

In related news, insider Adam Vanwagner sold 6,165 shares of the stock in a transaction dated 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 sale, the insider now directly owns 103,133 shares in the company, valued at $7,219,310. This represents a 5.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Timmie Hong sold 6,094 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $86.84, for a total value of $529,202.96. Following the transaction, the insider now owns 86,015 shares in the company, valued at approximately $7,469,542.60. The trade was a 6.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,632 shares of company stock worth $9,428,405 in the last quarter. 11.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ML shares. Lake Street Capital reiterated a “hold” rating and issued a $82.00 target price (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Oppenheimer upgraded 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. Needham & Company LLC restated a “hold” rating and set a $100.00 target price on shares of MoneyLion in a research report on Wednesday, December 11th. Northland Securities upped their target price on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $100.00.

MoneyLion Stock Down 0.9 %

Shares of ML stock opened at $86.58 on Friday. The firm has a market cap of $961.12 million, a P/E ratio of 393.55 and a beta of 3.07. The business has a 50-day moving average price of $74.61 and a two-hundred day moving average price of $62.53. MoneyLion Inc. has a 12-month low of $36.65 and a 12-month high of $106.82.

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.