SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by Lauer Wealth LLC

Lauer Wealth LLC lessened its stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 35.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,157 shares of the company's stock after selling 27,520 shares during the period. SoFi Technologies accounts for approximately 0.5% of Lauer Wealth LLC's portfolio, making the stock its 21st largest position. Lauer Wealth LLC's holdings in SoFi Technologies were worth $788,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SOFI. State Street Corp grew its holdings in shares of SoFi Technologies by 1.7% during the third quarter. State Street Corp now owns 18,062,855 shares of the company's stock worth $141,974,000 after buying an additional 310,532 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of SoFi Technologies by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 17,619,084 shares of the company's stock valued at $138,523,000 after purchasing an additional 358,806 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of SoFi Technologies by 263.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,083,606 shares of the company's stock valued at $86,478,000 after purchasing an additional 9,482,683 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of SoFi Technologies by 130.0% in the second quarter. Marshall Wace LLP now owns 6,357,887 shares of the company's stock valued at $42,026,000 after purchasing an additional 3,593,464 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of SoFi Technologies by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,145,837 shares of the company's stock worth $48,306,000 after purchasing an additional 87,097 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

Insider Activity at SoFi Technologies

In related news, EVP Eric Schuppenhauer bought 30,600 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were acquired 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. This represents a 197.36 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kelli Keough sold 8,914 shares of the business's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $15.59, for a total transaction of $138,969.26. Following the transaction, the executive vice president now directly owns 187,725 shares in the company, valued at approximately $2,926,632.75. The trade was a 4.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,009,264 shares of company stock worth $416,889,795. 2.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SOFI. JPMorgan Chase & Co. boosted their price objective on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, December 2nd. Jefferies Financial Group boosted 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. Mizuho raised their price objective on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Barclays lifted their price objective on SoFi Technologies from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Finally, Citigroup increased their target price on SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $11.71.

SoFi Technologies Trading Up 0.8 %

SOFI stock traded up $0.13 during trading on Friday, reaching $16.43. 31,918,131 shares of the stock traded hands, compared to its average volume of 39,138,766. The firm has a market capitalization of $17.82 billion, a PE ratio of 164.08, a P/E/G ratio of 0.96 and a beta of 1.78. 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 business's 50 day moving average price is $15.25 and its 200-day moving average price is $10.56. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $17.19.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The business had revenue of $697.10 million during the quarter, compared to analysts' expectations of $631.59 million. During the same quarter in the previous year, the business earned ($0.03) EPS. The company's revenue for the quarter was up 29.8% on a year-over-year basis. As a group, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.12 earnings per share for the current year.

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.