SoFi Technologies, Inc. (NASDAQ:SOFI) Stock Position Lifted by Berkshire Capital Holdings Inc.

Berkshire Capital Holdings Inc. increased its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 6,208,000.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 620,810 shares of the company's stock after acquiring an additional 620,800 shares during the quarter. SoFi Technologies comprises approximately 3.5% of Berkshire Capital Holdings Inc.'s portfolio, making the stock its 12th largest holding. Berkshire Capital Holdings Inc. owned about 0.06% of SoFi Technologies worth $9,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of SOFI. State Street Corp increased its stake in SoFi Technologies by 1.7% in the third quarter. State Street Corp now owns 18,062,855 shares of the company's stock valued at $141,974,000 after purchasing an additional 310,532 shares during the period. Geode Capital Management LLC boosted its holdings in SoFi Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 17,619,084 shares of the company's stock worth $138,523,000 after buying an additional 358,806 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in 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. Azora Capital LP raised its position in SoFi Technologies by 8.8% during the third quarter. Azora Capital LP now owns 4,348,068 shares of the company's stock worth $34,176,000 after acquiring an additional 352,901 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in SoFi Technologies by 214.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company's stock worth $30,971,000 after acquiring an additional 2,688,847 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

SOFI has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of SoFi Technologies from $9.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, December 2nd. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and set a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. UBS Group boosted their price objective 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. William Blair reiterated an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. Finally, Bank of America restated an "underperform" rating and issued a $12.00 target price on shares of SoFi Technologies in a research note on Monday, December 9th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $12.50.

SoFi Technologies Stock Performance

Shares of NASDAQ:SOFI traded up $0.23 on Friday, reaching $12.87. 39,978,435 shares of the company's stock were exchanged, compared to its average volume of 44,515,324. The firm has a market capitalization of $14.11 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 2.24 and a beta of 1.79. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.42. The business's 50-day moving average is $14.67 and its two-hundred day moving average is $13.05. 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 issued its earnings results on Monday, January 27th. The company reported $0.05 earnings per share 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 quarter in the previous year, the business earned $0.04 EPS. As a group, equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Activity at SoFi Technologies

In other news, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total value of $867,420.00. Following the transaction, the chief technology officer now owns 655,118 shares of the company's stock, valued at $8,280,691.52. The trade was a 9.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12. Following the completion of the transaction, the executive vice president now directly owns 178,811 shares in the company, valued at $3,143,497.38. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,819 shares of company stock worth $1,447,044 in the last ninety days. 2.60% of the stock is owned by 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.