Cubist Systematic Strategies LLC Has $914,000 Position in MoneyLion Inc. (NYSE:ML)

Cubist Systematic Strategies LLC lowered its stake in shares of MoneyLion Inc. (NYSE:ML) by 86.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,622 shares of the company’s stock after selling 70,499 shares during the period. Cubist Systematic Strategies LLC’s holdings in MoneyLion were worth $914,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in MoneyLion in the fourth quarter worth about $29,000. New York State Teachers Retirement System bought a new position in shares of MoneyLion in the fourth quarter valued at approximately $67,000. KLP Kapitalforvaltning AS acquired a new position in shares of MoneyLion in the 4th quarter worth approximately $86,000. BNP Paribas Financial Markets acquired a new position in shares of MoneyLion in the 4th quarter worth approximately $104,000. Finally, Dark Forest Capital Management LP bought a new stake in MoneyLion during the 4th quarter worth approximately $202,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

MoneyLion Price Performance

NYSE ML opened at $85.90 on Thursday. The firm has a market cap of $972.39 million, a PE ratio of 390.45 and a beta of 2.94. MoneyLion Inc. has a one year low of $36.65 and a one year high of $106.82. The stock’s 50 day simple moving average is $86.29 and its 200 day simple moving average is $83.79.

Wall Street Analyst Weigh In

A number of research firms recently commented on ML. B. Riley lowered 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 report on Wednesday, February 26th. Needham & Company LLC restated a “hold” rating on shares of MoneyLion in a research report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.40.

Insider Buying and Selling

In other MoneyLion news, insider Timmie Hong sold 1,365 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $117,062.40. Following the transaction, the insider now directly owns 95,395 shares in the company, valued at approximately $8,181,075.20. This trade represents a 1.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Correia sold 11,490 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $1,002,617.40. Following the completion of the transaction, the chief financial officer now owns 166,529 shares in the company, valued at $14,531,320.54. The trade was a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,055 shares of company stock worth $4,176,052 in the last three months. 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.