SoFi Technologies, Inc. (NASDAQ:SOFI) Holdings Cut by B & T Capital Management DBA Alpha Capital Management

B & T Capital Management DBA Alpha Capital Management reduced its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 12.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 438,867 shares of the company's stock after selling 64,885 shares during the period. SoFi Technologies accounts for about 1.2% of B & T Capital Management DBA Alpha Capital Management's holdings, making the stock its 28th biggest position. B & T Capital Management DBA Alpha Capital Management's holdings in SoFi Technologies were worth $6,759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the stock. Merit Financial Group LLC raised its position in shares of SoFi Technologies by 65.9% during the 4th quarter. Merit Financial Group LLC now owns 31,172 shares of the company's stock worth $480,000 after purchasing an additional 12,383 shares during the last quarter. Avanza Fonder AB purchased a new stake in SoFi Technologies in the 4th quarter worth approximately $1,008,000. Procyon Advisors LLC grew its stake in SoFi Technologies by 8.0% in the 4th quarter. Procyon Advisors LLC now owns 13,497 shares of the company's stock worth $208,000 after acquiring an additional 1,000 shares during the period. KMG Fiduciary Partners LLC purchased a new stake in SoFi Technologies in the 4th quarter worth approximately $171,000. Finally, Capital Advisors Wealth Management LLC grew its stake in SoFi Technologies by 3.4% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 111,887 shares of the company's stock worth $1,723,000 after acquiring an additional 3,708 shares during the period. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Stock Up 1.2 %

Shares of SoFi Technologies stock traded up $0.20 during trading on Friday, reaching $16.50. The company had a trading volume of 40,249,333 shares, compared to its average volume of 36,048,924. The company has a market cap of $17.90 billion, a price-to-earnings ratio of 165.02, a price-to-earnings-growth ratio of 0.96 and a beta of 1.78. The firm's fifty day moving average is $15.32 and its 200-day moving average is $10.66. 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, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $17.19.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. The business had revenue of $697.10 million for the quarter, compared to analyst estimates of $631.59 million. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. The company's revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.03) EPS. On average, analysts anticipate that SoFi Technologies, Inc. will post 0.12 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. William Blair assumed coverage on shares of SoFi Technologies in a research note on Wednesday. They issued an "outperform" rating for the company. Bank of America reaffirmed an "underperform" rating and issued a $12.00 target price on shares of SoFi Technologies in a research note on Monday, December 9th. Mizuho boosted their price objective on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Needham & Company LLC boosted their price objective on shares of SoFi Technologies from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group boosted their price objective on shares of SoFi Technologies from $7.50 to $8.50 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, SoFi Technologies presently has a consensus rating of "Hold" and a consensus price target of $11.71.

Insider Buying and Selling

In other SoFi Technologies news, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $16.03, for a total value of $386,417,705.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 64,991 shares of the company's stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the completion of the transaction, the chief technology officer now owns 586,494 shares of the company's stock, valued at approximately $9,219,685.68. This trade represents a 9.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,009,264 shares of company stock worth $416,889,795 over the last quarter. 2.60% of the stock is owned by company insiders.

About SoFi Technologies

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.