Dimensional Fund Advisors LP Lowers Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Dimensional Fund Advisors LP lessened its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 42.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,310,766 shares of the company's stock after selling 10,405,846 shares during the period. Dimensional Fund Advisors LP owned about 1.32% of SoFi Technologies worth $220,400,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SOFI. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of SoFi Technologies during the 4th quarter valued at approximately $27,000. Hollencrest Capital Management purchased a new stake in shares of SoFi Technologies during the fourth quarter worth $31,000. FNY Investment Advisers LLC boosted its holdings in shares of SoFi Technologies by 727.1% in the fourth 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. IAG Wealth Partners LLC bought a new stake in shares of SoFi Technologies during the 4th quarter valued at $38,000. Finally, Legacy Investment Solutions LLC lifted its holdings in SoFi Technologies by 116.3% during the 4th quarter. Legacy Investment Solutions LLC now owns 3,244 shares of the company's stock worth $48,000 after purchasing an additional 1,744 shares in the last quarter. Institutional investors own 38.43% of the company's stock.

Analysts Set New Price Targets

SOFI has been the topic of a number of recent analyst reports. UBS Group increased their price target on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Needham & Company LLC raised their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a "buy" rating in a 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. Citizens Jmp assumed coverage on SoFi Technologies in a research report on Friday. They issued an "outperform" rating and a $17.00 price objective on the stock. Finally, Keefe, Bruyette & Woods restated an "underperform" rating and issued a $8.00 target price (up from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Four research analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $13.10.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 11,181 shares of the stock in a transaction on Monday, April 21st. The shares were sold at an average price of $10.71, for a total transaction of $119,748.51. Following the completion of the sale, the executive vice president now owns 215,029 shares of the company's stock, valued at $2,302,960.59. This represents a 4.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the transaction, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,172 shares of company stock worth $1,271,115. Insiders own 2.60% of the company's stock.

SoFi Technologies Trading Up 4.6 %

Shares of SoFi Technologies stock traded up $0.57 during trading on Friday, reaching $12.88. The company's stock had a trading volume of 70,369,645 shares, compared to its average volume of 46,600,986. 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, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The firm's 50-day moving average is $12.27 and its two-hundred day moving average is $13.58. The company has a market cap of $14.12 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 2.24 and a beta of 1.86.

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

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.