SBI Securities Co. Ltd. Takes $29,000 Position in MoneyLion Inc. (NYSE:ML)

SBI Securities Co. Ltd. acquired a new stake in MoneyLion Inc. (NYSE:ML) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 341 shares of the company’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Covestor Ltd increased its stake in MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after purchasing an additional 255 shares during the last quarter. Point72 DIFC Ltd acquired a new position in MoneyLion in the third quarter valued at $40,000. FMR LLC increased its stake in MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after purchasing an additional 637 shares during the last quarter. New York State Teachers Retirement System acquired a new position in MoneyLion in the fourth quarter valued at $67,000. Finally, Quest Partners LLC increased its stake in MoneyLion by 3,016.7% in the third 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 during the last quarter. 31.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. 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. B. Riley lowered MoneyLion from a “buy” rating to a “neutral” rating and dropped their target price for the company from $133.00 to $90.00 in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a “hold” rating on shares of MoneyLion in a research note on Friday, March 7th. Finally, Northland Securities upped their price target on MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, MoneyLion presently has an average rating of “Moderate Buy” and an average target price of $92.83.

Insider Transactions at MoneyLion

In other news, insider Timmie Hong sold 6,094 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $86.84, for a total value of $529,202.96. Following the completion of the sale, the insider now owns 86,015 shares of the company’s stock, valued at $7,469,542.60. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Mark Torossian sold 1,136 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $99,127.36. Following the completion of the transaction, the chief accounting officer now directly owns 17,476 shares of the company’s stock, valued at $1,524,955.76. This represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,403 shares of company stock valued at $5,245,538 over the last quarter. Company insiders own 11.90% of the company’s stock.

MoneyLion Price Performance

Shares of NYSE:ML opened at $85.82 on Thursday. MoneyLion Inc. has a 12 month low of $36.65 and a 12 month high of $106.82. The business has a 50-day moving average of $86.72 and a two-hundred day moving average of $70.12. The firm has a market capitalization of $971.51 million, a PE ratio of 390.10 and a beta of 3.04.

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.