1,306 Shares in MoneyLion Inc. (NYSE:ML) Bought by Orion Capital Management LLC

Orion Capital Management LLC bought a new position in shares of MoneyLion Inc. (NYSE:ML) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,306 shares of the company’s stock, valued at approximately $112,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ML. MMCAP International Inc. SPC acquired a new position in MoneyLion during the 4th quarter worth $41,435,000. Cooper Creek Partners Management LLC acquired a new position in MoneyLion during the 4th quarter worth $21,933,000. Tudor Investment Corp ET AL grew its stake in MoneyLion by 1,825.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 145,003 shares of the company’s stock worth $12,472,000 after purchasing an additional 137,473 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of MoneyLion during the 4th quarter worth about $9,828,000. Finally, Nuveen Asset Management LLC boosted its position in shares of MoneyLion by 138.7% during the 4th quarter. Nuveen Asset Management LLC now owns 174,585 shares of the company’s stock worth $15,016,000 after acquiring an additional 101,455 shares in the last quarter. 31.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MoneyLion

In related news, CFO Richard Correia sold 3,502 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $300,331.52. Following the completion of the sale, the chief financial officer now directly owns 182,570 shares of the company’s stock, valued at $15,657,203.20. This represents a 1.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timmie Hong sold 1,365 shares of the company’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 sale, the insider now directly owns 95,395 shares of the company’s stock, valued at approximately $8,181,075.20. This trade represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,399 shares of company stock valued at $891,818 in the last three months. 11.90% of the stock is currently owned by company insiders.

MoneyLion Stock Performance

NYSE:ML opened at $85.90 on Thursday. The stock has a 50-day simple moving average of $86.23 and a 200-day simple moving average of $85.24. The stock has a market cap 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.

Analyst Ratings Changes

Several research analysts have recently issued reports on ML shares. Needham & Company LLC reaffirmed a “hold” rating on shares of MoneyLion in a research report on Friday, March 7th. B. Riley cut MoneyLion from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $133.00 to $90.00 in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, MoneyLion currently has an average rating of “Moderate Buy” and a consensus target price of $90.40.

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.