Credit Industriel ET Commercial Makes New Investment in MoneyLion Inc. (NYSE:ML)

Credit Industriel ET Commercial bought a new stake in MoneyLion Inc. (NYSE:ML - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,000 shares of the company's stock, valued at approximately $1,376,000. Credit Industriel ET Commercial owned about 0.14% of MoneyLion as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ML. SBI Securities Co. Ltd. purchased a new position in MoneyLion in the 4th quarter worth approximately $29,000. New York State Teachers Retirement System bought a new position in shares of MoneyLion in the 4th quarter worth about $67,000. KLP Kapitalforvaltning AS bought a new stake in shares of MoneyLion in the 4th quarter worth approximately $86,000. FMR LLC grew its stake in shares of MoneyLion by 154.6% in the third quarter. FMR LLC now owns 1,049 shares of the company's stock worth $44,000 after acquiring an additional 637 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in MoneyLion in the fourth quarter worth about $202,000. Institutional investors own 31.43% of the company's stock.

MoneyLion Price Performance

MoneyLion stock remained flat at $85.90 during mid-day trading on Tuesday. The company's 50 day moving average price is $86.50 and its 200-day moving average price is $80.97. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82. The stock has a market cap of $972.39 million, a price-to-earnings ratio of 390.45 and a beta of 2.94.

Analyst Ratings Changes

ML has been the topic of several recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of MoneyLion in a research note on Friday, March 7th. B. Riley cut MoneyLion from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $133.00 to $90.00 in a research report on Wednesday, February 26th. Three investment 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $92.83.

Insider Buying and Selling at MoneyLion

In other MoneyLion news, CAO Mark Torossian sold 1,136 shares of MoneyLion stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $99,127.36. Following the transaction, the chief accounting officer now owns 17,476 shares of the company's stock, valued at $1,524,955.76. The trade was a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Vanwagner sold 5,326 shares of the 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 completion of the sale, the insider now directly owns 85,306 shares of the company's stock, valued at approximately $7,443,801.56. This trade represents a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,055 shares of company stock valued at $4,176,052. 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.