Barclays PLC Has $575,000 Stake in MoneyLion Inc. (NYSE:ML)

Barclays PLC raised its holdings in MoneyLion Inc. (NYSE:ML) by 52.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 13,821 shares of the company’s stock after acquiring an additional 4,735 shares during the quarter. Barclays PLC’s holdings in MoneyLion were worth $575,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ML. State Street Corp increased its position in shares of MoneyLion by 3.1% during the 3rd quarter. State Street Corp now owns 169,694 shares of the company’s stock worth $7,051,000 after purchasing an additional 5,108 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of MoneyLion in the third quarter valued at $40,000. Point72 Asset Management L.P. acquired a new position in MoneyLion during the third quarter worth $574,000. Centiva Capital LP bought a new stake in MoneyLion during the third quarter worth $249,000. Finally, Atom Investors LP acquired a new stake in MoneyLion in the third quarter valued at $211,000. 31.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

MoneyLion Price Performance

ML opened at $86.01 on Thursday. The business has a fifty day simple moving average of $76.18 and a 200 day simple moving average of $62.17. MoneyLion Inc. has a 1 year low of $36.65 and a 1 year high of $106.82. The company has a market capitalization of $954.80 million, a PE ratio of 390.95 and a beta of 3.08.

Insider Transactions at MoneyLion

In related news, insider Timmie Hong sold 6,094 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $86.84, for a total transaction of $529,202.96. Following the sale, the insider now owns 86,015 shares of the company’s stock, valued at $7,469,542.60. This represents a 6.62 % 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, Director Chris Sugden sold 25,000 shares of MoneyLion stock in a transaction on 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 directly owns 1,062,505 shares of the company’s stock, valued at $91,609,181.10. This represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,632 shares of company stock valued at $9,428,405. 11.90% of the stock is currently owned by corporate insiders.

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.