DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Invests $476,000 in MoneyLion Inc. (NYSE:ML)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of MoneyLion Inc. (NYSE:ML) during the fourth quarter, HoldingsChannel reports. The firm acquired 5,534 shares of the company’s stock, valued at approximately $476,000.

A number of other large investors have also modified their holdings of ML. SBI Securities Co. Ltd. bought a new position in shares of MoneyLion during the 4th quarter worth about $29,000. MetLife Investment Management LLC increased its stake in MoneyLion by 12.6% in the fourth quarter. MetLife Investment Management LLC now owns 5,634 shares of the company’s stock valued at $485,000 after acquiring an additional 629 shares during the period. New York State Teachers Retirement System acquired a new position in MoneyLion in the fourth quarter worth about $67,000. KLP Kapitalforvaltning AS bought a new position in MoneyLion during the fourth quarter worth about $86,000. Finally, BNP Paribas Financial Markets bought a new position in MoneyLion during the fourth quarter worth about $104,000. 31.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ML has been the topic of several analyst reports. B. Riley lowered MoneyLion from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $133.00 to $90.00 in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a “hold” rating on shares of MoneyLion in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.40.

Insider Activity at MoneyLion

In other MoneyLion news, insider Timmie Hong sold 1,365 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $85.76, for a total value of $117,062.40. Following the completion of the transaction, the insider now directly owns 95,395 shares of the company’s stock, valued at approximately $8,181,075.20. The trade was a 1.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Adam Vanwagner sold 5,326 shares of the 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 $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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,055 shares of company stock valued at $4,176,052 in the last three months. Corporate insiders own 11.90% of the company’s stock.

MoneyLion Stock Performance

NYSE:ML opened at $85.90 on Monday. The stock has a market capitalization of $972.39 million, a P/E ratio of 390.45 and a beta of 2.94. MoneyLion Inc. has a 1 year low of $36.65 and a 1 year high of $106.82. The firm has a 50 day moving average of $86.40 and a 200-day moving average of $83.48.

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.