WINTON GROUP Ltd Decreases Holdings in MoneyLion Inc. (NYSE:ML)

WINTON GROUP Ltd decreased its stake in MoneyLion Inc. (NYSE:ML) by 81.5% during the 4th quarter, Holdings Channel reports. The firm owned 2,795 shares of the company’s stock after selling 12,352 shares during the quarter. WINTON GROUP Ltd’s holdings in MoneyLion were worth $240,000 at the end of the most recent reporting period.

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

MoneyLion Price Performance

MoneyLion stock opened at $86.77 on Monday. The firm has a 50 day simple moving average of $86.99 and a 200-day simple moving average of $73.99. The stock has a market cap of $982.18 million, a price-to-earnings ratio of 394.39 and a beta of 3.04. MoneyLion Inc. has a 1-year low of $36.65 and a 1-year high of $106.82.

Insider Activity at MoneyLion

In other MoneyLion news, insider Adam Vanwagner sold 5,326 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $464,746.76. Following the completion of the transaction, the insider now owns 85,306 shares of the company’s stock, valued at $7,443,801.56. This trade represents a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Richard Correia sold 11,490 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $1,002,617.40. Following the completion of the sale, the chief financial officer now directly owns 166,529 shares in the company, valued at $14,531,320.54. This trade represents a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,309 shares of company stock worth $4,716,335. Insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

ML has been the topic of several recent research reports. B. Riley cut shares of MoneyLion from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $133.00 to $90.00 in a research note on Wednesday, February 26th. Lake Street Capital restated a “hold” rating and set a $82.00 price target (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MoneyLion in a report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.83.

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.