ExodusPoint Capital Management LP Buys 13,980 Shares of MoneyLion Inc. (NYSE:ML)

ExodusPoint Capital Management LP raised its holdings in shares of MoneyLion Inc. (NYSE:ML - Free Report) by 200.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,956 shares of the company's stock after purchasing an additional 13,980 shares during the period. ExodusPoint Capital Management LP owned about 0.19% of MoneyLion worth $1,802,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ML. Trexquant Investment LP lifted its holdings in shares of MoneyLion by 127.2% in the fourth quarter. Trexquant Investment LP now owns 74,579 shares of the company's stock valued at $6,415,000 after buying an additional 41,751 shares during the period. Geode Capital Management LLC lifted its holdings in MoneyLion by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 168,837 shares of the company's stock valued at $14,524,000 after acquiring an additional 1,640 shares during the last quarter. Diametric Capital LP bought a new position in shares of MoneyLion during the 4th quarter valued at about $564,000. JPMorgan Chase & Co. boosted its position in shares of MoneyLion by 830.7% during the 4th quarter. JPMorgan Chase & Co. now owns 59,761 shares of the company's stock valued at $5,140,000 after purchasing an additional 53,340 shares in the last quarter. Finally, Mint Tower Capital Management B.V. acquired a new position in shares of MoneyLion in the 4th quarter worth approximately $1,217,000. 31.43% of the stock is owned by institutional investors and hedge funds.

MoneyLion Stock Up 0.2 %

ML stock traded up $0.14 during mid-day trading on Monday, reaching $85.55. 7,629 shares of the stock traded hands, compared to its average volume of 209,218. The business has a 50-day moving average of $86.76 and a two-hundred day moving average of $77.44. The firm has a market capitalization of $968.43 million, a PE ratio of 388.86 and a beta of 2.94. MoneyLion Inc. has a 52 week low of $36.65 and a 52 week high of $106.82.

Insider Transactions at MoneyLion

In other news, CEO Diwakar Choubey sold 5,253 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $85.76, for a total transaction of $450,497.28. Following the sale, the chief executive officer now directly owns 344,928 shares in the company, valued at approximately $29,581,025.28. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Timmie Hong sold 6,254 shares of the firm's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $86.39, for a total transaction of $540,283.06. Following the transaction, the insider now directly owns 91,011 shares of the company's stock, valued at $7,862,440.29. The trade was a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,309 shares of company stock worth $4,716,335 over the last three months. 11.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ML. Needham & Company LLC reissued a "hold" rating on shares of MoneyLion in a research note on Friday, March 7th. B. Riley downgraded 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 research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $92.83.

About MoneyLion

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.