Marshall Wace LLP Has $22.32 Million Position in MoneyLion Inc. (NYSE:ML)

Marshall Wace LLP raised its holdings in shares of MoneyLion Inc. (NYSE:ML) by 54.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,461 shares of the company’s stock after purchasing an additional 90,929 shares during the quarter. Marshall Wace LLP owned approximately 2.34% of MoneyLion worth $22,316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ML. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of MoneyLion during the 4th quarter worth about $1,058,000. Gabelli Funds LLC bought a new stake in shares of MoneyLion during the fourth quarter worth approximately $1,194,000. Portolan Capital Management LLC acquired a new position in shares of MoneyLion in the fourth quarter valued at approximately $2,831,000. Barclays PLC increased its stake in shares of MoneyLion by 12.3% during the fourth quarter. Barclays PLC now owns 15,515 shares of the company’s stock worth $1,336,000 after purchasing an additional 1,694 shares during the period. Finally, Fiducient Advisors LLC acquired a new stake in MoneyLion during the 4th quarter worth approximately $239,000. 31.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of MoneyLion in a research report on Friday, March 7th. B. Riley downgraded shares of MoneyLion from a “buy” rating to a “neutral” rating and cut their price objective for the company from $133.00 to $90.00 in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.83.

MoneyLion Price Performance

Shares of MoneyLion stock opened at $85.90 on Friday. MoneyLion Inc. has a 12-month low of $36.65 and a 12-month high of $106.82. The company has a market capitalization of $972.39 million, a price-to-earnings ratio of 390.45 and a beta of 2.94. The firm’s 50-day moving average price is $86.61 and its two-hundred day moving average price is $78.79.

Insider Transactions at MoneyLion

In other news, CEO Diwakar Choubey sold 18,506 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $1,614,833.56. Following the completion of the transaction, the chief executive officer now owns 320,865 shares of the company’s stock, valued at approximately $27,998,679.90. The trade was a 5.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Vanwagner sold 5,326 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total value of $464,746.76. Following the sale, the insider now owns 85,306 shares of the company’s stock, valued at approximately $7,443,801.56. This represents a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,055 shares of company stock valued at $4,176,052. Company insiders own 11.90% of the company’s stock.

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.