MoneyLion Inc. (NYSE:ML) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its position in MoneyLion Inc. (NYSE:ML) by 238.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,760 shares of the company’s stock after purchasing an additional 21,681 shares during the period. Nordea Investment Management AB owned approximately 0.28% of MoneyLion worth $2,653,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in shares of MoneyLion in the second quarter worth $1,776,000. Commonwealth Equity Services LLC purchased a new stake in MoneyLion in the second quarter valued at $227,000. Rhumbline Advisers grew its position in MoneyLion by 4,346.9% during the 2nd quarter. Rhumbline Advisers now owns 10,895 shares of the company’s stock worth $801,000 after purchasing an additional 10,650 shares during the period. American Century Companies Inc. raised its stake in shares of MoneyLion by 26.8% during the 2nd quarter. American Century Companies Inc. now owns 9,808 shares of the company’s stock valued at $721,000 after buying an additional 2,076 shares during the last quarter. Finally, Wealthspire Advisors LLC acquired a new position in shares of MoneyLion in the 2nd quarter valued at about $260,000. 31.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on ML. Needham & Company LLC reaffirmed a “hold” rating and set a $100.00 target price on shares of MoneyLion in a report 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. Lake Street Capital reaffirmed a “hold” rating and set a $82.00 target price (down from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Northland Securities boosted their target price on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, MoneyLion presently has a consensus rating of “Buy” and a consensus target price of $100.00.

Insider Buying and Selling at MoneyLion

In related news, insider Adam Vanwagner sold 6,165 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $70.00, for a total value 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 approximately $7,219,310. This represents a 5.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timmie Hong sold 2,504 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 103,353 shares in the company, valued at $4,997,117.55. The trade was a 2.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 113,632 shares of company stock valued at $9,428,405 over the last ninety days. Corporate insiders own 11.90% of the company’s stock.

MoneyLion Stock Performance

MoneyLion stock opened at $85.90 on Friday. The stock has a market capitalization of $953.58 million, a P/E ratio of 390.45 and a beta of 3.07. The company’s fifty day moving average price is $82.87 and its 200 day moving average price is $62.85. MoneyLion Inc. has a 1 year low of $36.65 and a 1 year 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.