Soros Capital Management LLC Purchases New Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Soros Capital Management LLC bought a new position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 515,500 shares of the company's stock, valued at approximately $7,939,000.

Several other institutional investors also recently modified their holdings of SOFI. Wellington Management Group LLP increased its holdings in SoFi Technologies by 255.6% during the third quarter. Wellington Management Group LLP now owns 25,305 shares of the company's stock worth $199,000 after buying an additional 41,565 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of SoFi Technologies during the 3rd quarter worth approximately $1,649,000. World Investment Advisors LLC lifted its stake in SoFi Technologies by 6.5% in the third quarter. World Investment Advisors LLC now owns 21,745 shares of the company's stock valued at $171,000 after purchasing an additional 1,336 shares during the last quarter. GAMMA Investing LLC lifted its stake in SoFi Technologies by 40.3% in the fourth quarter. GAMMA Investing LLC now owns 5,925 shares of the company's stock valued at $91,000 after purchasing an additional 1,703 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in SoFi Technologies in the fourth quarter worth $498,000. 38.43% of the stock is owned by institutional investors.

Insider Buying and Selling at SoFi Technologies

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

Analyst Upgrades and Downgrades

SOFI has been the subject of several research reports. Citigroup increased their price target on SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods reiterated an "underperform" rating and issued a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Needham & Company LLC upped 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. Dbs Bank upgraded shares of SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. Finally, UBS Group increased their target price on SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $12.50.

SoFi Technologies Trading Up 4.9 %

Shares of NASDAQ SOFI traded up $0.57 during midday trading on Thursday, reaching $12.31. The company had a trading volume of 61,597,356 shares, compared to its average volume of 46,479,986. The stock 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 one year low of $6.01 and a one year high of $18.42. The firm's fifty day moving average price is $12.35 and its 200-day moving average price is $13.55. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the company posted $0.04 EPS. On average, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

SoFi Technologies 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.