Charles Schwab Investment Management Inc. Has $5.26 Million Stock Position in MoneyLion Inc. (NYSE:ML)

Charles Schwab Investment Management Inc. increased its position in shares of MoneyLion Inc. (NYSE:ML) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,133 shares of the company’s stock after acquiring an additional 6,046 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.55% of MoneyLion worth $5,258,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in MoneyLion during the 4th quarter worth $29,000. New York State Teachers Retirement System acquired a new stake in shares of MoneyLion during the fourth quarter worth $67,000. Point72 DIFC Ltd bought a new stake in MoneyLion in the third quarter valued at about $40,000. FMR LLC lifted 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 buying an additional 637 shares during the period. Finally, PFG Investments LLC acquired a new position in MoneyLion in the fourth quarter valued at about $215,000. Institutional investors own 31.43% of the company’s stock.

MoneyLion Stock Performance

Shares of ML opened at $88.05 on Wednesday. The stock has a fifty day moving average of $86.94 and a 200-day moving average of $72.99. MoneyLion Inc. has a 52 week low of $36.65 and a 52 week high of $106.82. The stock has a market capitalization of $996.73 million, a price-to-earnings ratio of 400.23 and a beta of 3.04.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ML shares. B. Riley lowered MoneyLion from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $133.00 to $90.00 in a report on Wednesday, February 26th. Lake Street Capital reiterated a “hold” rating and issued a $82.00 price objective (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Northland Securities raised their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MoneyLion in a research note on Friday, March 7th. Three 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.83.

Insiders Place Their Bets

In other news, insider Timmie Hong sold 6,254 shares of MoneyLion stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $86.39, for a total transaction of $540,283.06. Following the sale, the insider now directly owns 91,011 shares in the company, valued at $7,862,440.29. The trade was a 6.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Richard Correia sold 3,502 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $85.76, for a total transaction of $300,331.52. Following the sale, the chief financial officer now owns 182,570 shares of the company’s stock, valued at approximately $15,657,203.20. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,309 shares of company stock worth $4,716,335. Corporate insiders own 11.90% of the company’s stock.

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.