Consolidated Investment Group LLC Has $1.09 Million Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Consolidated Investment Group LLC increased its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 119.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 138,000 shares of the company's stock after purchasing an additional 75,000 shares during the period. Consolidated Investment Group LLC's holdings in SoFi Technologies were worth $1,085,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP boosted its holdings in shares of SoFi Technologies by 43.6% in the 1st quarter. GSA Capital Partners LLP now owns 67,562 shares of the company's stock valued at $493,000 after purchasing an additional 20,513 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in SoFi Technologies during the first quarter worth about $79,000. Empowered Funds LLC raised its holdings in shares of SoFi Technologies by 22.2% in the 1st quarter. Empowered Funds LLC now owns 47,854 shares of the company's stock worth $349,000 after purchasing an additional 8,707 shares during the period. Oppenheimer & Co. Inc. lifted its position in SoFi Technologies by 12.0% during the first quarter. Oppenheimer & Co. Inc. now owns 229,804 shares of the company's stock valued at $1,678,000 after buying an additional 24,699 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of SoFi Technologies by 1.1% in the first quarter. Swiss National Bank now owns 1,798,400 shares of the company's stock worth $13,128,000 after acquiring an additional 19,600 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SOFI has been the subject of a number of research reports. Barclays upped their price target on shares of SoFi Technologies from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Citigroup downgraded shares of SoFi Technologies from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 18th. Jefferies Financial Group lifted their price target on shares of SoFi Technologies from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. The Goldman Sachs Group increased their price target on SoFi Technologies from $7.50 to $8.50 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Finally, Needham & Company LLC boosted their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $9.32.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI traded up $1.05 during midday trading on Monday, hitting $14.06. 80,130,232 shares of the company's stock were exchanged, compared to its average volume of 47,369,145. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $14.44. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.88 and a quick ratio of 0.21. The firm has a market cap of $14.99 billion, a P/E ratio of 142.40, a PEG ratio of 2.13 and a beta of 1.60. The stock's 50 day moving average price is $9.08 and its 200-day moving average price is $7.72.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.79% and a net margin of 8.38%. The company had revenue of $697.10 million during the quarter, compared to analysts' expectations of $631.59 million. The company's revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.03) earnings per share. Equities research analysts anticipate that SoFi Technologies, Inc. will post 0.12 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Kelli Keough sold 9,308 shares of the firm's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $7.99, for a total value of $74,370.92. Following the transaction, the executive vice president now directly owns 161,511 shares in the company, valued at approximately $1,290,472.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CTO Jeremy Rishel sold 68,081 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $8.12, for a total value of $552,817.72. Following the transaction, the chief technology officer now directly owns 521,505 shares in the company, valued at $4,234,620.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kelli Keough sold 9,308 shares of SoFi Technologies stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $7.99, for a total transaction of $74,370.92. Following the sale, the executive vice president now directly owns 161,511 shares of the company's stock, valued at $1,290,472.89. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,636 shares of company stock worth $904,677. 2.60% of the stock is owned by corporate insiders.

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.