Mariner LLC Has $6.87 Million Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Mariner LLC lowered its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 8.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 445,936 shares of the company's stock after selling 43,463 shares during the period. Mariner LLC's holdings in SoFi Technologies were worth $6,868,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC grew its holdings in SoFi Technologies by 1.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 60,534 shares of the company's stock valued at $881,000 after buying an additional 685 shares in the last quarter. Procyon Advisors LLC grew its stake in shares of SoFi Technologies by 8.0% in the fourth quarter. Procyon Advisors LLC now owns 13,497 shares of the company's stock valued at $208,000 after acquiring an additional 1,000 shares in the last quarter. Game Plan Financial Advisors LLC grew its stake in shares of SoFi Technologies by 13.9% in the fourth quarter. Game Plan Financial Advisors LLC now owns 8,200 shares of the company's stock valued at $128,000 after acquiring an additional 1,000 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in SoFi Technologies by 33.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company's stock worth $68,000 after acquiring an additional 1,100 shares during the period. Finally, World Investment Advisors LLC raised its stake in SoFi Technologies by 6.5% in the 3rd quarter. World Investment Advisors LLC now owns 21,745 shares of the company's stock worth $171,000 after purchasing an additional 1,336 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

Insider Buying and Selling at SoFi Technologies

In related news, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the transaction, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at $8,280,691.52. The trade was a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelli Keough sold 8,914 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total transaction of $156,708.12. Following the sale, the executive vice president now directly owns 178,811 shares of the company's stock, valued at $3,143,497.38. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,905 shares of company stock worth $1,308,075. 2.60% of the stock is currently owned by company insiders.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI traded up $0.32 during mid-day trading on Friday, hitting $10.98. 46,704,309 shares of the stock traded hands, compared to its average volume of 46,233,868. The company has a market cap of $12.04 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 2.24 and a beta of 1.86. 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 firm has a 50 day simple moving average of $12.60 and a two-hundred day simple moving average of $13.56.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating 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 quarter last year, the business earned $0.04 EPS. As a group, equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SOFI shares. Needham & Company LLC lifted their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. UBS Group lifted their price objective on SoFi Technologies from $10.50 to $14.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and set a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group raised their target price on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $12.50.

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.