Russell Investments Group Ltd. Cuts Stake in MoneyLion Inc. (NYSE:ML)

Russell Investments Group Ltd. lessened its holdings in MoneyLion Inc. (NYSE:ML - Free Report) by 69.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,561 shares of the company's stock after selling 10,226 shares during the period. Russell Investments Group Ltd.'s holdings in MoneyLion were worth $392,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its position in shares of MoneyLion by 16.7% during the 4th quarter. Wells Fargo & Company MN now owns 8,537 shares of the company's stock valued at $734,000 after acquiring an additional 1,220 shares during the last quarter. ExodusPoint Capital Management LP boosted its position in shares of MoneyLion by 200.4% during the 4th quarter. ExodusPoint Capital Management LP now owns 20,956 shares of the company's stock valued at $1,802,000 after acquiring an additional 13,980 shares during the last quarter. Trexquant Investment LP boosted its position in shares of MoneyLion by 127.2% during the 4th quarter. Trexquant Investment LP now owns 74,579 shares of the company's stock valued at $6,415,000 after acquiring an additional 41,751 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of MoneyLion by 1.0% during 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. Finally, Diametric Capital LP bought a new stake in shares of MoneyLion during the 4th quarter valued at about $564,000. Hedge funds and other institutional investors own 31.43% of the company's stock.

MoneyLion Price Performance

Shares of ML remained flat at $85.90 during mid-day trading on Tuesday. MoneyLion Inc. has a one year low of $36.65 and a one year 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. The firm has a 50-day moving average price of $86.50 and a two-hundred day moving average price of $80.97.

Analysts Set New Price Targets

ML has been the topic of a number of analyst reports. B. Riley cut MoneyLion from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $133.00 to $90.00 in a research note on Wednesday, February 26th. Needham & Company LLC reaffirmed a "hold" rating on shares of MoneyLion in a research note on Friday, March 7th. 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $92.83.

Insider Activity

In other news, insider Adam Vanwagner sold 5,326 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $464,746.76. Following the transaction, the insider now owns 85,306 shares of the company's stock, valued at approximately $7,443,801.56. The trade was a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard Correia sold 11,490 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $1,002,617.40. Following the completion of the sale, the chief financial officer now directly owns 166,529 shares of the company's stock, valued at approximately $14,531,320.54. The trade was a 6.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,055 shares of company stock valued at $4,176,052. Company 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.