American Century Companies Inc. Purchases 3,625 Shares of MoneyLion Inc. (NYSE:ML)

American Century Companies Inc. raised its stake in MoneyLion Inc. (NYSE:ML - Free Report) by 33.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,404 shares of the company's stock after buying an additional 3,625 shares during the quarter. American Century Companies Inc. owned about 0.13% of MoneyLion worth $1,239,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MMCAP International Inc. SPC bought a new stake in MoneyLion in the fourth quarter worth approximately $41,435,000. 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 valued at $2,653,000 after purchasing an additional 21,681 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of MoneyLion during the 3rd quarter valued at about $574,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of MoneyLion during the fourth quarter worth $842,000. Finally, Geode Capital Management LLC lifted its stake in MoneyLion by 5.8% in the third quarter. Geode Capital Management LLC now owns 167,197 shares of the company's stock worth $6,948,000 after acquiring an additional 9,106 shares during the period. Institutional investors own 31.43% of the company's stock.

MoneyLion Stock Performance

Shares of NYSE ML traded up $0.06 during midday trading on Wednesday, reaching $85.76. 10,295 shares of the company's stock were exchanged, compared to its average volume of 172,363. The business's fifty day moving average price is $86.68 and its two-hundred day moving average price is $77.81. The stock has a market capitalization of $970.75 million, a PE ratio of 389.80 and a beta of 2.94. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82.

Insiders Place Their Bets

In other MoneyLion news, CFO Richard Correia sold 3,502 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $300,331.52. Following the completion of the sale, the chief financial officer now directly owns 182,570 shares of the company's stock, valued at approximately $15,657,203.20. This represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Diwakar Choubey sold 5,253 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $450,497.28. Following the transaction, the chief executive officer now directly owns 344,928 shares in the company, valued at $29,581,025.28. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,309 shares of company stock valued at $4,716,335 over the last quarter. Insiders own 11.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of MoneyLion in a report on Friday, March 7th. B. Riley lowered shares of MoneyLion from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $133.00 to $90.00 in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $92.83.

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.