Swiss National Bank Has $1.11 Million Stock Position in MoneyLion Inc. (NYSE:ML)

Swiss National Bank lifted its holdings in shares of MoneyLion Inc. (NYSE:ML) by 11.2% in the 4th quarter, HoldingsChannel reports. The fund owned 12,900 shares of the company’s stock after purchasing an additional 1,300 shares during the period. Swiss National Bank’s holdings in MoneyLion were worth $1,110,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its stake in MoneyLion by 6.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,087 shares of the company’s stock valued at $2,289,000 after acquiring an additional 3,179 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of MoneyLion in the third quarter valued at about $302,000. FMR LLC lifted its position in shares of MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after purchasing an additional 637 shares in the last quarter. MetLife Investment Management LLC purchased a new position in MoneyLion during the third quarter worth about $208,000. Finally, Verition Fund Management LLC grew its position in MoneyLion by 23.1% in the 3rd quarter. Verition Fund Management LLC now owns 16,250 shares of the company’s stock worth $675,000 after purchasing an additional 3,050 shares in the last quarter. Institutional investors and hedge funds own 31.43% of the company’s stock.

MoneyLion Stock Performance

Shares of MoneyLion stock opened at $86.77 on Friday. The stock has a market capitalization of $982.18 million, a P/E ratio of 394.39 and a beta of 3.04. MoneyLion Inc. has a 52-week low of $36.65 and a 52-week high of $106.82. The stock’s 50-day simple moving average is $86.99 and its 200 day simple moving average is $73.76.

Insider Activity

In related news, insider Timmie Hong sold 6,254 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $86.39, for a total transaction of $540,283.06. Following the sale, the insider now directly owns 91,011 shares in the company, valued at approximately $7,862,440.29. The trade was a 6.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam Vanwagner sold 5,326 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total value of $464,746.76. Following the sale, the insider now directly owns 85,306 shares in the company, valued at $7,443,801.56. This trade represents a 5.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,309 shares of company stock valued at $4,716,335 over the last quarter. Company insiders own 11.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Lake Street Capital reaffirmed 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. B. Riley downgraded shares of MoneyLion from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $133.00 to $90.00 in a report on Wednesday, February 26th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of MoneyLion in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.83.

MoneyLion Company 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.