MoneyLion Inc. (NYSE:ML) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in MoneyLion Inc. (NYSE:ML) by 95.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,500 shares of the company’s stock after selling 81,838 shares during the quarter. New York State Common Retirement Fund’s holdings in MoneyLion were worth $301,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ML. Covestor Ltd raised its position in shares of MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after buying an additional 255 shares during the period. Point72 DIFC Ltd acquired a new stake in MoneyLion during the third quarter worth about $40,000. FMR LLC raised its holdings in shares of MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after purchasing an additional 637 shares during the period. New York State Teachers Retirement System purchased a new position in shares of MoneyLion in the 4th quarter worth about $67,000. Finally, Quest Partners LLC lifted its stake in shares of MoneyLion by 3,016.7% in the 3rd quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after purchasing an additional 3,801 shares in the last quarter. Institutional investors and hedge funds own 31.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ML. B. Riley downgraded shares of MoneyLion from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $133.00 to $90.00 in a research report on Wednesday, February 26th. Lake Street Capital reissued a “hold” rating and issued a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Northland Securities lifted their target price on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Thursday, November 7th. Finally, Needham & Company LLC reissued a “hold” rating and issued a $100.00 price objective on shares of MoneyLion in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, MoneyLion has an average rating of “Moderate Buy” and an average price target of $92.83.

Insiders Place Their Bets

In other news, CAO Mark Torossian sold 1,136 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $99,127.36. Following the completion of the transaction, the chief accounting officer now directly owns 17,476 shares in the company, valued at approximately $1,524,955.76. This represents a 6.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Adam Vanwagner sold 5,326 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $464,746.76. Following the sale, the insider now directly owns 85,306 shares of the company’s stock, valued at $7,443,801.56. The trade was a 5.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,403 shares of company stock worth $7,401,038 in the last quarter. 11.90% of the stock is owned by corporate insiders.

MoneyLion Trading Up 0.5 %

Shares of ML stock opened at $87.44 on Wednesday. The firm has a fifty day simple moving average of $86.64 and a 200-day simple moving average of $68.44. The company has a market capitalization of $970.64 million, a PE ratio of 397.44 and a beta of 3.06. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82.

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.