Bank of New York Mellon Corp Has $1.69 Million Holdings in MoneyLion Inc. (NYSE:ML)

Bank of New York Mellon Corp raised its holdings in MoneyLion Inc. (NYSE:ML) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,648 shares of the company’s stock after purchasing an additional 2,050 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.18% of MoneyLion worth $1,690,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ML. New York State Teachers Retirement System bought a new stake in MoneyLion in the fourth quarter valued at approximately $67,000. Point72 DIFC Ltd bought a new position in MoneyLion during the 3rd quarter worth $40,000. FMR LLC raised its position 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 acquiring an additional 637 shares in the last quarter. PFG Investments LLC acquired a new stake in shares of MoneyLion in the 4th quarter valued at about $215,000. Finally, Quest Partners LLC boosted its stake in MoneyLion by 3,016.7% during 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 during the last quarter. Institutional investors own 31.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ML shares. Needham & Company LLC reaffirmed a “hold” rating on shares of MoneyLion in a report on Friday, March 7th. Northland Securities upped their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. 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 report on Wednesday, December 11th. Finally, B. Riley lowered shares of MoneyLion from a “buy” rating to a “neutral” rating and cut their target price for the stock from $133.00 to $90.00 in a research report on Wednesday, February 26th. Three research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.83.

Insiders Place Their Bets

In related news, CFO Richard Correia sold 11,490 shares of MoneyLion stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $1,002,617.40. Following the transaction, the chief financial officer now owns 166,529 shares in the company, valued at approximately $14,531,320.54. The trade was a 6.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timmie Hong sold 1,365 shares of MoneyLion stock in a transaction on Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $117,062.40. Following the transaction, the insider now owns 95,395 shares in the company, valued at approximately $8,181,075.20. This trade represents a 1.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,309 shares of company stock valued at $4,716,335. Company insiders own 11.90% of the company’s stock.

MoneyLion Stock Performance

ML stock opened at $87.86 on Friday. The firm has a 50 day moving average price of $86.86 and a 200-day moving average price of $72.13. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82. The firm has a market capitalization of $994.52 million, a price-to-earnings ratio of 399.34 and a beta of 3.04.

MoneyLion Company 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.