Barclays PLC Purchases 4,735 Shares of MoneyLion Inc. (NYSE:ML)

Barclays PLC lifted its holdings in MoneyLion Inc. (NYSE:ML) by 52.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,821 shares of the company’s stock after acquiring an additional 4,735 shares during the quarter. Barclays PLC owned approximately 0.13% of MoneyLion worth $575,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ML. Covestor Ltd increased its position in MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after acquiring an additional 255 shares in the last quarter. ClariVest Asset Management LLC grew its stake in shares of MoneyLion by 2.6% during the second quarter. ClariVest Asset Management LLC now owns 10,175 shares of the company’s stock valued at $748,000 after purchasing an additional 257 shares during the last quarter. FMR LLC increased its holdings in shares of 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 in the last quarter. Point72 DIFC Ltd bought a new position in MoneyLion in the 3rd quarter worth approximately $40,000. Finally, GSA Capital Partners LLP raised its holdings in MoneyLion by 10.4% during the 3rd quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock worth $599,000 after purchasing an additional 1,360 shares during the last quarter. 31.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MoneyLion

In related news, CEO Diwakar Choubey sold 16,080 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $90.44, for a total transaction of $1,454,275.20. Following the sale, the chief executive officer now directly owns 674,025 shares in the company, valued at $60,958,821. This trade represents a 2.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Timmie Hong sold 6,094 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $86.84, for a total transaction of $529,202.96. Following the completion of the transaction, the insider now directly owns 86,015 shares of the company’s stock, valued at approximately $7,469,542.60. The trade was a 6.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,632 shares of company stock valued at $9,428,405. Company insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ML shares. Oppenheimer raised shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Thursday, November 7th. Northland Securities lifted 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. Lake Street Capital reiterated a “hold” rating and set a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Needham & Company LLC reiterated a “hold” rating and issued a $100.00 price objective on shares of MoneyLion in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $100.00.

MoneyLion Stock Down 0.3 %

ML opened at $86.01 on Thursday. The stock has a market cap of $954.80 million, a P/E ratio of 390.95 and a beta of 3.08. MoneyLion Inc. has a 12 month low of $36.65 and a 12 month high of $106.82. The company has a fifty day simple moving average of $76.18 and a 200 day simple moving average of $62.17.

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.