MoneyLion Inc. (NYSE:ML) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lessened its holdings in shares of MoneyLion Inc. (NYSE:ML) by 80.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,764 shares of the company’s stock after selling 19,001 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in MoneyLion were worth $410,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted 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 purchasing an additional 21,681 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in MoneyLion during the 3rd quarter worth $574,000. Geode Capital Management LLC boosted its stake in MoneyLion by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock worth $6,948,000 after purchasing an additional 9,106 shares during the last quarter. Barclays PLC boosted 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 purchasing an additional 4,735 shares during the last quarter. Finally, Centiva Capital LP acquired a new stake in MoneyLion during the 3rd quarter worth $249,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

Insider Transactions at MoneyLion

In related news, CEO Diwakar Choubey sold 18,506 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 $1,614,833.56. Following the completion of the transaction, the chief executive officer now directly owns 320,865 shares in the company, valued at $27,998,679.90. This trade represents a 5.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard Correia sold 3,502 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $300,331.52. Following the transaction, the chief financial officer now owns 182,570 shares of the company’s stock, valued at $15,657,203.20. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,403 shares of company stock worth $5,245,538. 11.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ML has been the subject of a number of analyst reports. Northland Securities upped their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. B. Riley cut shares of MoneyLion from a “buy” rating to a “neutral” rating and dropped their price target for the company 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 report on Friday, March 7th. Finally, Lake Street Capital reiterated a “hold” rating and issued a $82.00 price objective (down from $109.00) on shares of MoneyLion in a 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 stock. According to data from MarketBeat.com, MoneyLion presently has an average rating of “Moderate Buy” and an average price target of $92.83.

MoneyLion Trading Up 0.0 %

NYSE ML opened at $86.22 on Friday. The stock has a market cap of $976.02 million, a PE ratio of 391.91 and a beta of 3.04. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82. The stock has a fifty day simple moving average of $86.71 and a 200-day simple moving average of $70.50.

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.