Trexquant Investment LP Raises Stock Position in MoneyLion Inc. (NYSE:ML)

Trexquant Investment LP raised its position in shares of MoneyLion Inc. (NYSE:ML - Free Report) by 127.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,579 shares of the company's stock after buying an additional 41,751 shares during the period. Trexquant Investment LP owned about 0.67% of MoneyLion worth $6,415,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its stake in MoneyLion by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 168,837 shares of the company's stock worth $14,524,000 after buying an additional 1,640 shares during the last quarter. Diametric Capital LP acquired a new stake in shares of MoneyLion in the fourth quarter valued at approximately $564,000. JPMorgan Chase & Co. grew its position in shares of MoneyLion by 830.7% during the fourth quarter. JPMorgan Chase & Co. now owns 59,761 shares of the company's stock worth $5,140,000 after acquiring an additional 53,340 shares during the last quarter. Mint Tower Capital Management B.V. purchased a new stake in MoneyLion in the 4th quarter valued at $1,217,000. Finally, Vanguard Group Inc. boosted its stake in MoneyLion by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 387,269 shares of the company's stock worth $33,309,000 after purchasing an additional 10,191 shares during the period. 31.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ML has been the subject of a number of recent research reports. B. Riley cut MoneyLion from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $133.00 to $90.00 in a research report on Wednesday, February 26th. Needham & Company LLC reiterated a "hold" rating on shares of MoneyLion in a research report on Friday, March 7th. Finally, Lake Street Capital restated a "hold" rating and set a $82.00 price objective (down previously from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Three equities 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $92.83.

Insiders Place Their Bets

In related news, CEO Diwakar Choubey sold 18,506 shares of MoneyLion stock in a transaction 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 in the company, valued at approximately $27,998,679.90. This trade represents a 5.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timmie Hong sold 6,254 shares of the company's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $86.39, for a total value of $540,283.06. Following the sale, the insider now owns 91,011 shares of the company's stock, valued at $7,862,440.29. This represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,309 shares of company stock valued at $4,716,335 in the last quarter. 11.90% of the stock is currently owned by company insiders.

MoneyLion Trading Down 1.3 %

Shares of NYSE ML traded down $1.12 during midday trading on Thursday, reaching $85.05. 200,808 shares of the stock were exchanged, compared to its average volume of 208,767. The company has a market capitalization of $962.77 million, a P/E ratio of 386.59 and a beta of 2.94. The stock has a 50 day moving average price of $86.84 and a 200-day moving average price of $76.56. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82.

MoneyLion 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.