Cresset Asset Management LLC Has $472,000 Position in MoneyLion Inc. (NYSE:ML)

Cresset Asset Management LLC reduced its position in shares of MoneyLion Inc. (NYSE:ML) by 17.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,484 shares of the company’s stock after selling 1,123 shares during the period. Cresset Asset Management LLC’s holdings in MoneyLion were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. MMCAP International Inc. SPC bought a new position in MoneyLion during the 4th quarter worth $41,435,000. Cooper Creek Partners Management LLC bought a new position in MoneyLion during the 4th quarter worth $21,933,000. Tudor Investment Corp ET AL increased its stake in MoneyLion by 1,825.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 145,003 shares of the company’s stock worth $12,472,000 after acquiring an additional 137,473 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in MoneyLion during the 4th quarter worth $9,828,000. Finally, Marshall Wace LLP increased its stake in MoneyLion by 54.0% during the 4th quarter. Marshall Wace LLP now owns 259,461 shares of the company’s stock worth $22,316,000 after acquiring an additional 90,929 shares during the period. 31.43% of the stock is owned by institutional investors and hedge funds.

MoneyLion Stock Performance

Shares of ML opened at $85.90 on Thursday. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82. The business’s fifty day moving average is $86.29 and its 200-day moving average is $83.79. The firm has a market cap of $972.39 million, a price-to-earnings ratio of 390.45 and a beta of 2.94.

Insider Activity

In related news, insider Adam Vanwagner sold 5,326 shares of the firm’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 $464,746.76. Following the sale, the insider now owns 85,306 shares of the company’s stock, valued at $7,443,801.56. This trade represents a 5.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Richard Correia sold 11,490 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 $1,002,617.40. Following the sale, the chief financial officer now directly owns 166,529 shares in the company, valued at approximately $14,531,320.54. This trade represents a 6.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,055 shares of company stock worth $4,176,052. Insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

ML has been the topic of a number of recent research reports. B. Riley lowered MoneyLion from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $133.00 to $90.00 in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a “hold” rating on shares of MoneyLion in a research note 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, MoneyLion has an average rating of “Moderate Buy” and a consensus 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.