Pentwater Capital Management LP Acquires New Holdings in MoneyLion Inc. (NYSE:ML)

Pentwater Capital Management LP acquired a new stake in shares of MoneyLion Inc. (NYSE:ML) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,000 shares of the company’s stock, valued at approximately $430,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ML. SBI Securities Co. Ltd. acquired a new stake in shares of MoneyLion in the fourth quarter worth $29,000. MetLife Investment Management LLC grew its stake in shares of MoneyLion by 12.6% in the fourth quarter. MetLife Investment Management LLC now owns 5,634 shares of the company’s stock worth $485,000 after acquiring an additional 629 shares during the last quarter. New York State Teachers Retirement System bought a new position in MoneyLion in the fourth quarter worth $67,000. KLP Kapitalforvaltning AS bought a new stake in MoneyLion in the 4th quarter valued at $86,000. Finally, Wells Fargo & Company MN raised its stake in shares of MoneyLion by 16.7% in the 4th quarter. Wells Fargo & Company MN now owns 8,537 shares of the company’s stock valued at $734,000 after buying an additional 1,220 shares in the last quarter. Institutional investors own 31.43% of the company’s stock.

MoneyLion Stock Performance

NYSE:ML opened at $85.90 on Tuesday. 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 $86.50 and a 200-day moving average of $80.97. The stock has a market capitalization of $972.39 million, a P/E ratio of 390.45 and a beta of 2.94.

Insider Activity

In other MoneyLion news, insider Timmie Hong sold 1,365 shares of MoneyLion stock in a transaction on Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $117,062.40. Following the completion of the sale, the insider now 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard Correia sold 11,490 shares of MoneyLion stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total transaction of $1,002,617.40. Following the sale, the chief financial officer now directly owns 166,529 shares of the company’s stock, valued at $14,531,320.54. This represents a 6.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,055 shares of company stock worth $4,176,052. Insiders own 11.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ML. Needham & Company LLC reissued a “hold” rating on shares of MoneyLion in a research report on Friday, March 7th. B. Riley lowered shares of MoneyLion from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $133.00 to $90.00 in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.83.

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.