Rhumbline Advisers Trims Stock Holdings in MoneyLion Inc. (NYSE:ML)

Rhumbline Advisers lowered its stake in MoneyLion Inc. (NYSE:ML) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,176 shares of the company’s stock after selling 342 shares during the quarter. Rhumbline Advisers owned about 0.10% of MoneyLion worth $961,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Covestor Ltd boosted its stake in shares of MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after acquiring an additional 255 shares during the period. Point72 DIFC Ltd purchased a new position in MoneyLion in the 3rd quarter worth approximately $40,000. FMR LLC boosted its stake 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 during the period. New York State Teachers Retirement System purchased a new stake in MoneyLion during the 4th quarter valued at approximately $67,000. Finally, Quest Partners LLC raised its position in shares of MoneyLion by 3,016.7% during the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after buying an additional 3,801 shares during the last quarter. 31.43% of the stock is owned by hedge funds and other institutional investors.

MoneyLion Stock Down 0.5 %

NYSE ML opened at $87.54 on Friday. The business’s fifty day simple moving average is $86.67 and its 200-day simple moving average is $68.71. The firm has a market cap of $971.80 million, a PE ratio of 397.92 and a beta of 3.04. MoneyLion Inc. has a 52 week low of $36.65 and a 52 week high of $106.82.

Insider Buying and Selling

In other news, CEO Diwakar Choubey sold 18,506 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $1,614,833.56. Following the sale, the chief executive officer now directly owns 320,865 shares in the company, valued at approximately $27,998,679.90. This trade represents a 5.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timmie Hong sold 6,254 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $86.39, for a total value of $540,283.06. Following the completion of the sale, the insider now owns 91,011 shares in the company, valued at approximately $7,862,440.29. This represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,403 shares of company stock valued at $5,245,538. Company insiders own 11.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ML. Lake Street Capital reissued a “hold” rating and issued a $82.00 price objective (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Needham & Company LLC reiterated a “hold” rating and issued a $100.00 price target on shares of MoneyLion in a research report on Wednesday, December 11th. B. Riley downgraded MoneyLion from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $133.00 to $90.00 in a research report on Wednesday, February 26th. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Thursday, November 7th. Finally, Northland Securities boosted their target price on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.83.

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.