100,000 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Acquired by HBK Investments L P

HBK Investments L P purchased a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 100,000 shares of the company's stock, valued at approximately $1,540,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of SoFi Technologies by 9.9% in the 4th quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company's stock worth $1,514,390,000 after purchasing an additional 8,898,879 shares during the last quarter. Geode Capital Management LLC grew its stake in SoFi Technologies by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company's stock worth $276,288,000 after buying an additional 315,899 shares during the last quarter. Norges Bank acquired a new stake in shares of SoFi Technologies during the fourth quarter worth approximately $103,678,000. Charles Schwab Investment Management Inc. increased its holdings in shares of SoFi Technologies by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,313,617 shares of the company's stock worth $97,230,000 after buying an additional 167,780 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of SoFi Technologies by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 3,223,370 shares of the company's stock valued at $49,640,000 after acquiring an additional 8,218 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other SoFi Technologies news, EVP Kelli Keough sold 11,181 shares of SoFi Technologies stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.72, for a total value of $142,222.32. Following the transaction, the executive vice president now owns 226,210 shares of the company's stock, valued at approximately $2,877,391.20. The trade was a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the sale, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at $8,280,691.52. This represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,172 shares of company stock worth $1,271,115 in the last 90 days. Corporate insiders own 2.60% of the company's stock.

SoFi Technologies Trading Up 4.9 %

SOFI opened at $12.31 on Friday. The firm's fifty day moving average is $12.27 and its two-hundred day moving average is $13.58. The firm has a market cap of $13.50 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 2.24 and a beta of 1.86. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same quarter in the prior year, the firm posted $0.04 EPS. Equities research analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods reiterated an "underperform" rating and issued a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. William Blair reiterated an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. UBS Group boosted their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Needham & Company LLC increased their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Finally, Citigroup boosted their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Four analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, SoFi Technologies presently has an average rating of "Hold" and an average target price of $12.50.

SoFi Technologies Company Profile

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.

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