Berkshire Capital Holdings Inc. Buys 620,800 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Berkshire Capital Holdings Inc. lifted its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 6,208,000.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 620,810 shares of the company's stock after purchasing an additional 620,800 shares during the period. SoFi Technologies comprises approximately 3.5% of Berkshire Capital Holdings Inc.'s investment portfolio, making the stock its 12th largest holding. Berkshire Capital Holdings Inc. owned 0.06% of SoFi Technologies worth $9,560,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SOFI. Skandinaviska Enskilda Banken AB publ bought a new stake in SoFi Technologies in the fourth quarter worth about $27,000. Brooklyn Investment Group purchased a new position in SoFi Technologies in the third quarter valued at approximately $28,000. Hollencrest Capital Management bought a new position in SoFi Technologies during the fourth quarter valued at $31,000. FNY Investment Advisers LLC grew its stake in shares of SoFi Technologies by 727.1% during the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock worth $33,000 after acquiring an additional 1,905 shares during the period. Finally, IAG Wealth Partners LLC bought a new stake in SoFi Technologies during the 4th quarter valued at $38,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SOFI shares. Needham & Company LLC lifted their price target on SoFi Technologies from $13.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. The Goldman Sachs Group upped their price target on SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Dbs Bank upgraded shares of SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. UBS Group boosted their price objective on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Finally, Morgan Stanley increased their target price on shares of SoFi Technologies from $7.50 to $13.00 and gave the stock an "underweight" rating in a research note on Thursday, December 19th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $12.50.

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SoFi Technologies Trading Down 0.7 %

Shares of SOFI traded down $0.09 during mid-day trading on Thursday, reaching $12.64. The company's stock had a trading volume of 40,422,708 shares, compared to its average volume of 44,496,263. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. The stock has a market cap of $13.86 billion, a PE ratio of 34.16, a P/E/G ratio of 2.24 and a beta of 1.79. The company's fifty day moving average price is $14.70 and its two-hundred day moving average price is $12.94. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its 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 net margin of 18.64% and a return on equity of 3.82%. During the same period in the previous year, the firm posted $0.04 EPS. On average, analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 9,185 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $15.43, for a total value of $141,724.55. Following the transaction, the executive vice president now owns 169,626 shares in the company, valued at approximately $2,617,329.18. This trade represents a 5.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 27,013 shares of company stock worth $437,402 in the last ninety days. 2.60% of the stock is owned by insiders.

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.