SoFi Technologies, Inc. (NASDAQ:SOFI) Stock Holdings Lessened by Lakeshore Financial Planning Inc.

Lakeshore Financial Planning Inc. trimmed its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 24.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,715 shares of the company's stock after selling 23,098 shares during the quarter. SoFi Technologies accounts for approximately 0.5% of Lakeshore Financial Planning Inc.'s portfolio, making the stock its 21st largest holding. Lakeshore Financial Planning Inc.'s holdings in SoFi Technologies were worth $1,074,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of SoFi Technologies during the 4th quarter worth $27,000. Brooklyn Investment Group acquired a new stake in shares of SoFi Technologies in the third quarter valued at about $28,000. Hollencrest Capital Management purchased a new stake in SoFi Technologies during the fourth quarter worth about $31,000. FNY Investment Advisers LLC grew its position in SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock worth $33,000 after buying an additional 1,905 shares during the period. Finally, IAG Wealth Partners LLC purchased a new position in SoFi Technologies in the fourth quarter valued at about $38,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Needham & Company LLC upped their price target on SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Citigroup raised their price target on SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price target on SoFi Technologies from $9.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, December 2nd. Morgan Stanley raised their target price on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a report on Thursday, December 19th. Finally, UBS Group increased their price target on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $12.50.

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SoFi Technologies Trading Up 6.6 %

NASDAQ:SOFI traded up $0.85 during mid-day trading on Monday, reaching $13.72. The company's stock had a trading volume of 58,688,250 shares, compared to its average volume of 44,572,499. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42. 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 company's fifty day simple moving average is $14.66 and its two-hundred day simple moving average is $13.10. The stock has a market cap of $15.04 billion, a P/E ratio of 37.08, a P/E/G ratio of 2.24 and a beta of 1.79.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same period in the prior year, the business posted $0.04 EPS. On average, equities analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction on 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 in the company, valued at $8,280,691.52. This represents a 9.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kelli Keough sold 9,185 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $15.43, for a total transaction of $141,724.55. Following the transaction, the executive vice president now directly owns 169,626 shares in the company, valued at $2,617,329.18. The trade was a 5.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,905 shares of company stock valued at $1,308,075 over the last three months. 2.60% of the stock is owned by company 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.