SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. cut its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 43.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,727 shares of the company's stock after selling 20,243 shares during the period. Newbridge Financial Services Group Inc.'s holdings in SoFi Technologies were worth $412,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new position in shares of SoFi Technologies during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group acquired a new position in shares of SoFi Technologies during the third quarter worth $28,000. FNY Investment Advisers LLC grew its stake in SoFi Technologies by 727.1% during the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock valued at $33,000 after purchasing an additional 1,905 shares in the last quarter. Waldron Private Wealth LLC acquired a new position in SoFi Technologies in the third quarter worth about $39,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in shares of SoFi Technologies during the 3rd quarter valued at approximately $47,000. Institutional investors and hedge funds own 38.43% of the company's stock.

SoFi Technologies Stock Down 0.4 %

SoFi Technologies stock traded down $0.06 during mid-day trading on Wednesday, hitting $14.77. The company had a trading volume of 33,507,760 shares, compared to its average volume of 43,436,063. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. 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 stock's 50 day moving average price is $15.70 and its two-hundred day moving average price is $11.80. The company has a market capitalization of $16.03 billion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 2.04 and a beta of 1.77.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the firm posted $0.04 EPS. As a group, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of the company's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total value of $156,708.12. Following the completion of the sale, the executive vice president now owns 178,811 shares in the company, valued at $3,143,497.38. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 64,991 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $15.72, for a total value of $1,021,658.52. Following the transaction, the chief technology officer now owns 586,494 shares of the company's stock, valued at approximately $9,219,685.68. This trade represents a 9.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,008,870 shares of company stock worth $416,950,073 in the last ninety days. Insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on SOFI. Barclays raised their target price on shares of SoFi Technologies from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their price target on shares of SoFi Technologies from $12.00 to $13.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price objective on SoFi Technologies from $9.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, December 2nd. Morgan Stanley upped their target price on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a research note on Thursday, December 19th. Finally, Citigroup increased their price objective on SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.