Los Angeles Capital Management LLC Invests $894,000 in MoneyLion Inc. (NYSE:ML)

Los Angeles Capital Management LLC bought a new stake in MoneyLion Inc. (NYSE:ML) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 21,520 shares of the company’s stock, valued at approximately $894,000. Los Angeles Capital Management LLC owned 0.20% of MoneyLion at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ML. SG Americas Securities LLC acquired a new position in MoneyLion in the 1st quarter worth about $236,000. Sei Investments Co. purchased a new position in shares of MoneyLion during the 1st quarter valued at approximately $1,070,000. Russell Investments Group Ltd. acquired a new stake in MoneyLion in the 1st quarter valued at $3,110,000. Vanguard Group Inc. increased its holdings in MoneyLion by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 232,591 shares of the company’s stock worth $16,588,000 after acquiring an additional 3,107 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in MoneyLion by 114.3% during the first quarter. Acadian Asset Management LLC now owns 45,365 shares of the company’s stock worth $3,234,000 after acquiring an additional 24,193 shares during the period. 31.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 target price on shares of MoneyLion in a research report on Friday, October 4th. Northland Securities boosted their price objective on MoneyLion from $60.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, November 7th. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Cantor Fitzgerald raised 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $90.71.

MoneyLion Stock Down 1.4 %

Shares of ML opened at $78.97 on Friday. MoneyLion Inc. has a 52-week low of $30.81 and a 52-week high of $106.82. The stock has a fifty day simple moving average of $48.21 and a two-hundred day simple moving average of $62.01. The company has a market capitalization of $866.30 million, a PE ratio of 358.95 and a beta of 2.67.

Insider Activity at MoneyLion

In other MoneyLion news, CAO Mark Torossian sold 328 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $80.00, for a total transaction of $26,240.00. Following the completion of the sale, the chief accounting officer now owns 20,409 shares of the company’s stock, valued at $1,632,720. This trade represents a 1.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timmie Hong sold 2,504 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $48.35, for a total value of $121,068.40. Following the sale, the insider now directly owns 103,353 shares of the company’s stock, valued at $4,997,117.55. The trade was a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,686 shares of company stock valued at $3,882,790. 11.90% of the stock is owned by company insiders.

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.