Charles Schwab Investment Management Inc. Acquires 167,780 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Charles Schwab Investment Management Inc. increased its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,313,617 shares of the company's stock after acquiring an additional 167,780 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.58% of SoFi Technologies worth $97,230,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in SoFi Technologies during the fourth quarter worth about $3,703,000. Hanseatic Management Services Inc. bought a new stake in SoFi Technologies during the fourth quarter worth about $1,116,000. Kercheville Advisors LLC bought a new stake in SoFi Technologies during the fourth quarter worth about $1,594,000. Zacks Investment Management bought a new stake in SoFi Technologies during the third quarter worth about $3,766,000. Finally, Citizens Financial Group Inc. RI boosted its stake in SoFi Technologies by 41.5% during the third quarter. Citizens Financial Group Inc. RI now owns 240,735 shares of the company's stock worth $1,892,000 after acquiring an additional 70,603 shares in the last quarter. Institutional investors own 38.43% of the company's stock.

SoFi Technologies Stock Up 1.1 %

Shares of SOFI stock opened at $12.59 on Monday. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. The stock has a market cap of $13.81 billion, a P/E ratio of 34.03, a P/E/G ratio of 2.24 and a beta of 1.79. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The company has a 50 day simple moving average of $15.24 and a two-hundred day simple moving average of $12.74.

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SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating 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 company earned $0.04 earnings per share. On average, research analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SOFI shares. Mizuho upped their target price on shares of SoFi Technologies from $14.00 to $16.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Morgan Stanley upped 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. 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. Citigroup upped their target price on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Finally, UBS Group upped 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. Four analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $12.50.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 8,914 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total value of $156,708.12. Following the completion of the sale, the executive vice president now directly owns 178,811 shares of the company's stock, valued at $3,143,497.38. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bashir Ruzwana sold 52,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $16.02, for a total transaction of $833,040.00. Following the completion of the sale, the director now directly owns 25,937 shares of the company's stock, valued at approximately $415,510.74. This trade represents a 66.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 144,004 shares of company stock valued at $2,292,100. Insiders own 2.60% of the company's stock.

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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