SG Americas Securities LLC Buys 1,635 Shares of MoneyLion Inc. (NYSE:ML)

SG Americas Securities LLC grew its stake in MoneyLion Inc. (NYSE:ML) by 46.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,192 shares of the company’s stock after purchasing an additional 1,635 shares during the quarter. SG Americas Securities LLC’s holdings in MoneyLion were worth $447,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ML. Nordea Investment Management AB increased its stake in shares of MoneyLion by 238.8% during the fourth quarter. Nordea Investment Management AB now owns 30,760 shares of the company’s stock worth $2,653,000 after purchasing an additional 21,681 shares during the period. Barclays PLC increased its position in MoneyLion by 52.1% during the 3rd quarter. Barclays PLC now owns 13,821 shares of the company’s stock worth $575,000 after buying an additional 4,735 shares during the period. Geode Capital Management LLC increased its position in MoneyLion by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock worth $6,948,000 after buying an additional 9,106 shares during the period. State Street Corp lifted its holdings in shares of MoneyLion by 3.1% during the third quarter. State Street Corp now owns 169,694 shares of the company’s stock worth $7,051,000 after buying an additional 5,108 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of MoneyLion in the third quarter valued at about $40,000. 31.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ML has been the topic of a number of analyst reports. Northland Capmk raised MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Thursday, November 7th. Northland Securities boosted their price target on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Needham & Company LLC reiterated a “hold” rating and set a $100.00 price objective on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, Lake Street Capital restated 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. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $100.00.

MoneyLion Trading Down 0.4 %

ML stock opened at $86.94 on Monday. The firm has a market cap of $964.98 million, a PE ratio of 395.16 and a beta of 3.07. The stock has a 50-day moving average price of $86.48 and a 200-day moving average price of $64.03. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82.

Insider Buying and Selling

In related news, CFO Richard Correia sold 5,296 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $60.00, for a total value of $317,760.00. Following the transaction, the chief financial officer now directly owns 213,891 shares in the company, valued at $12,833,460. This trade represents a 2.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Adam Vanwagner sold 6,165 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $70.00, for a total transaction of $431,550.00. Following the transaction, the insider now owns 103,133 shares in the company, valued at approximately $7,219,310. The trade was a 5.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,382 shares of company stock valued at $9,847,620 over the last ninety days. 11.90% of the stock is owned by corporate insiders.

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.