MoneyLion Inc. (NYSE:ML) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC raised its stake in MoneyLion Inc. (NYSE:ML) by 5.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,246 shares of the company’s stock after acquiring an additional 1,742 shares during the quarter. Empowered Funds LLC’s holdings in MoneyLion were worth $1,464,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in shares of MoneyLion by 500.7% in the second quarter. SG Americas Securities LLC now owns 19,906 shares of the company’s stock valued at $1,464,000 after buying an additional 16,592 shares in the last quarter. Sei Investments Co. acquired a new position in MoneyLion during the first quarter worth $1,070,000. Vanguard Group Inc. grew its position in shares of MoneyLion by 1.4% in the first quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock valued at $16,588,000 after purchasing an additional 3,107 shares during the period. Marshall Wace LLP increased its stake in shares of MoneyLion by 24.1% during the second quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after purchasing an additional 46,611 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in MoneyLion by 2,060.1% in the 2nd quarter. Bank of Montreal Can now owns 103,470 shares of the company’s stock valued at $7,864,000 after buying an additional 98,680 shares in the last quarter. 31.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 target price on shares of MoneyLion in a research report on Friday, October 4th. Northland Securities boosted their price target on shares of MoneyLion from $60.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Thursday, November 7th. Finally, Northland Capmk raised MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $90.71.

MoneyLion Stock Performance

ML opened at $80.09 on Friday. The business’s 50 day moving average price is $51.44 and its 200 day moving average price is $62.36. The stock has a market capitalization of $889.00 million, a PE ratio of 364.05 and a beta of 2.67. MoneyLion Inc. has a one year low of $33.31 and a one year high of $106.82.

Insider Activity

In related news, insider Timmie Hong sold 2,334 shares of MoneyLion stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $42.34, for a total value of $98,821.56. Following the completion of the sale, the insider now owns 105,857 shares in the company, valued at approximately $4,481,985.38. This trade represents a 2.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Vanwagner sold 6,165 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $70.00, for a total value of $431,550.00. Following the transaction, the insider now owns 103,133 shares in the company, valued at $7,219,310. This trade represents a 5.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,680 shares of company stock valued at $4,120,514 in the last quarter. Insiders own 11.90% of the company’s stock.

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.