11,594 Shares in MoneyLion Inc. (NYSE:ML) Purchased by Moore Capital Management LP

Moore Capital Management LP bought a new position in shares of MoneyLion Inc. (NYSE:ML) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,594 shares of the company’s stock, valued at approximately $997,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in MoneyLion during the fourth quarter worth about $29,000. MetLife Investment Management LLC grew its holdings in MoneyLion by 12.6% during the fourth quarter. MetLife Investment Management LLC now owns 5,634 shares of the company’s stock worth $485,000 after acquiring an additional 629 shares during the period. New York State Teachers Retirement System acquired a new stake in MoneyLion during the fourth quarter worth about $67,000. KLP Kapitalforvaltning AS acquired a new stake in MoneyLion during the fourth quarter worth about $86,000. Finally, BNP Paribas Financial Markets acquired a new stake in MoneyLion during the fourth quarter worth about $104,000. 31.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Richard Correia sold 11,490 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total value of $1,002,617.40. Following the transaction, the chief financial officer now owns 166,529 shares in the company, valued at $14,531,320.54. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mark Torossian sold 1,136 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $99,127.36. Following the completion of the transaction, the chief accounting officer now owns 17,476 shares in the company, valued at approximately $1,524,955.76. This trade represents a 6.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,055 shares of company stock worth $4,176,052 over the last quarter. 11.90% of the stock is currently owned by corporate insiders.

MoneyLion Stock Performance

Shares of ML stock opened at $85.90 on Wednesday. The company has a market capitalization of $972.39 million, a P/E ratio of 390.45 and a beta of 2.94. The business’s 50 day moving average is $86.32 and its two-hundred day moving average is $83.78. MoneyLion Inc. has a 12-month low of $36.65 and a 12-month high of $106.82.

Analyst Ratings Changes

A number of brokerages have issued reports on ML. B. Riley downgraded MoneyLion from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $133.00 to $90.00 in a research report on Wednesday, February 26th. Needham & Company LLC reiterated a “hold” rating on shares of MoneyLion in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, MoneyLion currently has a consensus rating of “Moderate Buy” and an average target price of $90.40.

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.