MoneyLion Inc. (NYSE:ML) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP grew its stake in shares of MoneyLion Inc. (NYSE:ML) by 127.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,579 shares of the company’s stock after purchasing an additional 41,751 shares during the quarter. Trexquant Investment LP owned approximately 0.67% of MoneyLion worth $6,415,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Nordea Investment Management AB raised its stake in MoneyLion by 238.8% during the 4th quarter. Nordea Investment Management AB now owns 30,760 shares of the company’s stock worth $2,653,000 after acquiring an additional 21,681 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of MoneyLion in the 3rd quarter valued at about $574,000. Geode Capital Management LLC boosted its position in shares of MoneyLion by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock valued at $6,948,000 after purchasing an additional 9,106 shares during the period. Barclays PLC grew its stake in MoneyLion by 52.1% during the 3rd quarter. Barclays PLC now owns 13,821 shares of the company’s stock worth $575,000 after buying an additional 4,735 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in MoneyLion by 11.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 61,133 shares of the company’s stock worth $5,258,000 after buying an additional 6,046 shares during the period. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Insiders Place Their Bets

In other MoneyLion 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 transaction of $464,746.76. Following the sale, the insider now directly owns 85,306 shares in the company, valued at approximately $7,443,801.56. The trade was a 5.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $86.39, for a total transaction of $540,283.06. Following the completion of the sale, the insider now owns 91,011 shares of the company’s stock, valued at $7,862,440.29. This trade represents a 6.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,309 shares of company stock worth $4,716,335. Company insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Lake Street Capital restated a “hold” rating and set a $82.00 target price (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Needham & Company LLC restated a “hold” rating on shares of MoneyLion in a research note on Friday, March 7th. Finally, B. Riley downgraded shares of MoneyLion from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $133.00 to $90.00 in a research note on Wednesday, February 26th. Three 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’s stock. According to data from MarketBeat, MoneyLion has an average rating of “Moderate Buy” and an average target price of $92.83.

MoneyLion Stock Down 1.1 %

Shares of MoneyLion stock opened at $85.59 on Friday. The firm has a market cap of $968.88 million, a price-to-earnings ratio of 389.05 and a beta of 2.94. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82. The company’s 50-day simple moving average is $86.96 and its 200-day simple moving average is $75.08.

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.