Barclays PLC Increases Position in MoneyLion Inc. (NYSE:ML)

Barclays PLC lifted its holdings in shares of MoneyLion Inc. (NYSE:ML) by 52.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,821 shares of the company’s stock after buying an additional 4,735 shares during the period. Barclays PLC owned approximately 0.12% of MoneyLion worth $575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Covestor Ltd increased its stake 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 buying an additional 255 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of MoneyLion in the third quarter valued at about $40,000. FMR LLC increased its stake in shares of MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after acquiring an additional 637 shares during the period. Quest Partners LLC raised its holdings in MoneyLion by 3,016.7% during the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock worth $163,000 after purchasing an additional 3,801 shares in the last quarter. Finally, MetLife Investment Management LLC acquired a new stake in MoneyLion in the third quarter valued at about $208,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Insider Activity at MoneyLion

In related news, CAO Mark Torossian sold 328 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $80.00, for a total value of $26,240.00. Following the sale, the chief accounting officer now owns 20,409 shares of the company’s stock, valued at approximately $1,632,720. This represents a 1.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Diwakar Choubey sold 16,080 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $90.44, for a total value of $1,454,275.20. Following the transaction, the chief executive officer now directly owns 674,025 shares of the company’s stock, valued at $60,958,821. The trade was a 2.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,128 shares of company stock valued at $9,307,337. Insiders own 11.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ML. Needham & Company LLC reiterated a “hold” rating and set a $100.00 target price on shares of MoneyLion in a research report on Wednesday, December 11th. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Thursday, November 7th. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Northland Capmk upgraded shares of MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Lake Street Capital reiterated a “hold” rating and issued a $82.00 price target (down previously from $109.00) 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 issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, MoneyLion currently has an average rating of “Buy” and an average price target of $100.00.

MoneyLion Stock Down 0.7 %

Shares of ML stock opened at $86.12 on Friday. The stock has a market cap of $955.88 million, a P/E ratio of 391.43 and a beta of 3.07. MoneyLion Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $106.82. The business has a fifty day simple moving average of $85.11 and a 200-day simple moving average of $63.15.

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.