MetLife Investment Management LLC Purchases New Shares in MoneyLion Inc. (NYSE:ML)

MetLife Investment Management LLC bought a new position in MoneyLion Inc. (NYSE:ML) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,005 shares of the company’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ML. Covestor Ltd increased its holdings in MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after buying an additional 255 shares during the last quarter. FMR LLC raised its holdings in shares of MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after purchasing an additional 637 shares during the period. Quest Partners LLC lifted its stake in MoneyLion by 3,016.7% in the third quarter. Quest Partners LLC now owns 3,927 shares of the company’s stock valued at $163,000 after purchasing an additional 3,801 shares during the last quarter. Fiducient Advisors LLC bought a new position in MoneyLion during the second quarter valued at $204,000. Finally, Commonwealth Equity Services LLC purchased a new stake in MoneyLion in the second quarter worth $227,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Insider Activity at MoneyLion

In related news, CFO Richard Correia sold 6,982 shares of MoneyLion stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $90.37, for a total transaction of $630,963.34. Following the sale, the chief financial officer now directly owns 178,019 shares in the company, valued at $16,087,577.03. The trade was a 3.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Timmie Hong sold 2,334 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $42.34, for a total value of $98,821.56. Following the completion of the transaction, the insider now owns 105,857 shares of the company’s stock, valued at approximately $4,481,985.38. This trade represents a 2.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,872 shares of company stock worth $6,842,524 in the last 90 days. Company insiders own 11.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ML. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of MoneyLion in a research report on Tuesday, November 26th. 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. Northland Securities upped their price target on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Northland Capmk raised shares of MoneyLion to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $97.86.

MoneyLion Stock Up 0.8 %

Shares of ML opened at $86.53 on Monday. The firm has a fifty day simple moving average of $61.35 and a two-hundred day simple moving average of $62.88. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82. The stock has a market capitalization of $960.48 million, a P/E ratio of 393.32 and a beta of 3.08.

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.