Vanguard Group Inc. Purchases 10,191 Shares of MoneyLion Inc. (NYSE:ML)

Vanguard Group Inc. grew its holdings in shares of MoneyLion Inc. (NYSE:ML - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 387,269 shares of the company's stock after purchasing an additional 10,191 shares during the quarter. Vanguard Group Inc. owned about 3.49% of MoneyLion worth $33,309,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of ML. Nordea Investment Management AB raised its holdings in 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 buying an additional 21,681 shares in the last quarter. Geode Capital Management LLC lifted its holdings in MoneyLion by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 167,197 shares of the company's stock worth $6,948,000 after purchasing an additional 9,106 shares during the last quarter. Barclays PLC boosted its position in MoneyLion by 52.1% during the third quarter. Barclays PLC now owns 13,821 shares of the company's stock worth $575,000 after purchasing an additional 4,735 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of MoneyLion by 11.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 61,133 shares of the company's stock valued at $5,258,000 after purchasing an additional 6,046 shares during the period. Finally, State Street Corp lifted its stake in shares of MoneyLion by 3.1% in the third quarter. State Street Corp now owns 169,694 shares of the company's stock worth $7,051,000 after buying an additional 5,108 shares during the last quarter. Institutional investors and hedge funds own 31.43% of the company's stock.

Insider Activity

In other news, insider Timmie Hong sold 1,365 shares of the company'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 value of $117,062.40. Following the sale, the insider now directly owns 95,395 shares in the company, valued at approximately $8,181,075.20. This represents a 1.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Diwakar Choubey sold 18,506 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total value of $1,614,833.56. Following the transaction, the chief executive officer now owns 320,865 shares of the company's stock, valued at $27,998,679.90. This trade represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,055 shares of company stock worth $4,176,052. Company insiders own 11.90% of the company's stock.

MoneyLion Stock Performance

ML remained flat at $85.90 on Friday. The firm's 50 day moving average is $86.61 and its 200-day moving average is $78.50. The firm has a market capitalization of $972.39 million, a P/E ratio of 390.45 and a beta of 2.94. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82.

Analyst Ratings Changes

A number of research firms recently issued reports on ML. B. Riley lowered shares of MoneyLion from a "buy" rating to a "neutral" rating and lowered their target price for the company 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, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, MoneyLion has a consensus rating of "Moderate Buy" and a consensus target price 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.