Entropy Technologies LP Buys 222,826 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Entropy Technologies LP grew its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 201.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 333,426 shares of the company's stock after acquiring an additional 222,826 shares during the period. Entropy Technologies LP's holdings in SoFi Technologies were worth $5,135,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Apollon Wealth Management LLC bought a new stake in SoFi Technologies in the fourth quarter valued at about $955,000. SOA Wealth Advisors LLC. lifted its position in shares of SoFi Technologies by 33.1% in the 4th quarter. SOA Wealth Advisors LLC. now owns 5,634 shares of the company's stock worth $87,000 after buying an additional 1,400 shares during the last quarter. Gilliland Jeter Wealth Management LLC boosted its holdings in shares of SoFi Technologies by 91.7% in the 4th quarter. Gilliland Jeter Wealth Management LLC now owns 11,500 shares of the company's stock valued at $177,000 after buying an additional 5,500 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of SoFi Technologies in the 4th quarter valued at about $169,000. Finally, Kercheville Advisors LLC acquired a new stake in SoFi Technologies during the fourth quarter worth about $1,594,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Stock Down 0.4 %

SOFI traded down $0.06 on Wednesday, reaching $14.77. 33,507,760 shares of the company traded hands, compared to its average volume of 43,436,063. The company has a market cap of $16.03 billion, a price-to-earnings ratio of 39.92, a PEG ratio of 2.04 and a beta of 1.77. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The stock's 50 day moving average price is $15.73 and its 200-day moving average price is $11.77. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.05 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 in the previous year, the company posted $0.04 EPS. On average, sell-side analysts expect that SoFi Technologies, Inc. will post 0.27 EPS for the current fiscal year.

Analyst Ratings Changes

SOFI has been the subject of a number of research reports. Jefferies Financial Group lifted their target price on SoFi Technologies from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. Needham & Company LLC upped their price objective on SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Bank of America reiterated an "underperform" rating and issued a $12.00 target price on shares of SoFi Technologies in a research note on Monday, December 9th. William Blair restated an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods reaffirmed an "underperform" rating and issued a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $12.50.

Insider Activity

In other news, Director Bashir Ruzwana sold 52,000 shares of the company's stock in a transaction dated 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 owns 25,937 shares in the company, valued at approximately $415,510.74. This represents a 66.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Eric Schuppenhauer acquired 30,600 shares of the stock in a transaction dated Monday, December 16th. The shares were bought at an average cost of $16.34 per share, for a total transaction of $500,004.00. Following the acquisition, the executive vice president now owns 46,105 shares in the company, valued at $753,355.70. The trade was a 197.36 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 26,008,870 shares of company stock worth $416,950,073 in the last three months. 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.