Fmr LLC Has $44,000 Holdings in MoneyLion Inc. (NYSE:ML)

Fmr LLC grew its position in shares of MoneyLion Inc. (NYSE:ML) by 154.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,049 shares of the company’s stock after buying an additional 637 shares during the quarter. Fmr LLC’s holdings in MoneyLion were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Covestor Ltd lifted its position in shares of MoneyLion by 63.6% in the third quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after buying an additional 255 shares during the last quarter. Fiducient Advisors LLC acquired a new position in shares of MoneyLion during the 2nd quarter valued at about $204,000. Commonwealth Equity Services LLC bought a new position in shares of MoneyLion in the 2nd quarter valued at approximately $227,000. Private Ocean LLC acquired a new stake in MoneyLion in the 2nd quarter worth approximately $238,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in MoneyLion in the 2nd quarter worth approximately $241,000. Institutional investors own 31.43% of the company’s stock.

Analyst Ratings Changes

ML has been the topic of a number of recent analyst reports. Lake Street Capital reissued a “hold” rating and issued a $82.00 price target (down previously from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Northland Securities lifted their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Thursday, November 7th. Finally, Cantor Fitzgerald upgraded MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, MoneyLion currently has an average rating of “Buy” and a consensus price target of $100.00.

MoneyLion Stock Up 0.5 %

MoneyLion stock opened at $86.64 on Thursday. The business has a 50 day moving average price of $73.03 and a two-hundred day moving average price of $62.34. MoneyLion Inc. has a 12 month low of $36.65 and a 12 month high of $106.82. The stock has a market cap of $961.79 million, a price-to-earnings ratio of 393.82 and a beta of 3.07.

Insider Activity

In related news, insider Timmie Hong sold 2,504 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $48.35, for a total value of $121,068.40. Following the completion of the sale, the insider now owns 103,353 shares of the company’s stock, valued at $4,997,117.55. This trade represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Chris Sugden sold 25,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $86.22, for a total value of $2,155,500.00. Following the completion of the transaction, the director now owns 1,062,505 shares in the company, valued at approximately $91,609,181.10. This represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,632 shares of company stock worth $9,428,405. Company insiders own 11.90% of the company’s stock.

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.