72,453 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Purchased by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 72,453 shares of the company's stock, valued at approximately $1,116,000. SoFi Technologies accounts for approximately 1.4% of Hanseatic Management Services Inc.'s investment portfolio, making the stock its 24th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Captrust Financial Advisors boosted its stake in SoFi Technologies by 2.8% during the 3rd quarter. Captrust Financial Advisors now owns 29,639 shares of the company's stock valued at $233,000 after purchasing an additional 809 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in SoFi Technologies by 0.3% during the third quarter. Summit Trail Advisors LLC now owns 280,464 shares of the company's stock valued at $2,204,000 after buying an additional 855 shares in the last quarter. CIBC Asset Management Inc grew its holdings in SoFi Technologies by 3.5% during the third quarter. CIBC Asset Management Inc now owns 28,409 shares of the company's stock worth $223,000 after acquiring an additional 962 shares during the period. Oak Harbor Wealth Partners LLC grew its holdings in SoFi Technologies by 10.0% during the third quarter. Oak Harbor Wealth Partners LLC now owns 11,000 shares of the company's stock worth $86,000 after acquiring an additional 1,000 shares during the period. Finally, Procyon Advisors LLC raised its position in SoFi Technologies by 8.0% in the fourth quarter. Procyon Advisors LLC now owns 13,497 shares of the company's stock worth $208,000 after acquiring an additional 1,000 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SOFI shares. The Goldman Sachs Group lifted their price objective on shares of SoFi Technologies from $7.50 to $8.50 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Bank of America restated an "underperform" rating and issued a $12.00 price target on shares of SoFi Technologies in a research report on Monday, December 9th. Barclays upped their price target on SoFi Technologies from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Jefferies Financial Group raised their price objective on SoFi Technologies from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods reaffirmed an "underperform" rating and set a $8.00 target price (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of "Hold" and an average target price of $11.71.

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total value of $138,969.26. Following the completion of the sale, the executive vice president now directly owns 187,725 shares of the company's stock, valued at $2,926,632.75. The trade was a 4.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Bashir Ruzwana sold 52,000 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $16.02, for a total transaction of $833,040.00. Following the transaction, the director now owns 25,937 shares in the company, valued at $415,510.74. This represents a 66.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,009,264 shares of company stock worth $416,889,795. Corporate insiders own 2.60% of the company's stock.

SoFi Technologies Stock Up 1.2 %

NASDAQ:SOFI traded up $0.20 on Friday, hitting $16.50. 40,249,333 shares of the company's stock traded hands, compared to its average volume of 36,048,924. The company has a market cap of $17.90 billion, a PE ratio of 165.02, a price-to-earnings-growth ratio of 0.96 and a beta of 1.78. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $17.19. 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 firm has a 50-day moving average price of $15.32 and a 200-day moving average price of $10.66.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. The firm had revenue of $697.10 million for the quarter, compared to the consensus estimate of $631.59 million. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. The firm's revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share. Equities analysts anticipate that SoFi Technologies, Inc. will post 0.12 EPS for the current fiscal year.

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.