Swiss National Bank Has $1.11 Million Stock Position in MoneyLion Inc. (NYSE:ML)

Swiss National Bank increased its holdings in shares of MoneyLion Inc. (NYSE:ML) by 11.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,900 shares of the company’s stock after buying an additional 1,300 shares during the quarter. Swiss National Bank owned 0.12% of MoneyLion worth $1,110,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ML. SBI Securities Co. Ltd. bought a new position in shares of MoneyLion in the 4th quarter valued at $29,000. FMR LLC increased its holdings in 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 in the last quarter. New York State Teachers Retirement System bought a new position in MoneyLion in the fourth quarter valued at about $67,000. Point72 DIFC Ltd acquired a new stake in shares of MoneyLion during the third quarter valued at about $40,000. Finally, SG Americas Securities LLC boosted its stake in shares of MoneyLion by 46.0% during the fourth quarter. SG Americas Securities LLC now owns 5,192 shares of the company’s stock valued at $447,000 after purchasing an additional 1,635 shares in the last quarter. 31.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MoneyLion news, CFO Richard Correia sold 3,502 shares of the 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 transaction, the chief financial officer now directly owns 182,570 shares in the company, valued at approximately $15,657,203.20. This represents a 1.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Vanwagner sold 5,326 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 $464,746.76. Following the completion of the sale, the insider now owns 85,306 shares of the company’s stock, valued at $7,443,801.56. This represents a 5.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,309 shares of company stock valued at $4,716,335 over the last quarter. Insiders own 11.90% of the company’s stock.

Analysts Set New Price Targets

ML has been the subject of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of MoneyLion in a report on Friday, March 7th. Lake Street Capital reaffirmed a “hold” rating and set a $82.00 price target (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, B. Riley cut shares of MoneyLion from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $133.00 to $90.00 in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, MoneyLion has a consensus rating of “Moderate Buy” and an average target price of $92.83.

MoneyLion Stock Performance

Shares of NYSE ML opened at $86.77 on Friday. The company’s 50 day moving average price is $86.99 and its 200-day moving average price is $73.76. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82. The company has a market capitalization of $982.18 million, a P/E ratio of 394.39 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.