SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora trimmed its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,143 shares of the company's stock after selling 16,312 shares during the quarter. SoFi Technologies makes up about 1.1% of OLD Second National Bank of Aurora's portfolio, making the stock its 22nd biggest holding. OLD Second National Bank of Aurora's holdings in SoFi Technologies were worth $4,761,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. FNY Investment Advisers LLC increased its holdings in SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock worth $33,000 after acquiring an additional 1,905 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in SoFi Technologies during the 3rd quarter worth $27,000. Brooklyn Investment Group acquired a new stake in SoFi Technologies during the 3rd quarter worth $28,000. Waldron Private Wealth LLC acquired a new stake in SoFi Technologies during the 3rd quarter worth $39,000. Finally, AdvisorNet Financial Inc boosted its stake in SoFi Technologies by 63.5% during the 4th quarter. AdvisorNet Financial Inc now owns 5,486 shares of the company's stock worth $84,000 after purchasing an additional 2,130 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Needham & Company LLC raised their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday. Barclays boosted their price objective on shares of SoFi Technologies from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Bank of America restated an "underperform" rating and issued a $12.00 price objective on shares of SoFi Technologies in a report on Monday, December 9th. The Goldman Sachs Group lifted their target price on SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Morgan Stanley lifted their target price on SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a research report on Thursday, December 19th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $12.50.

SoFi Technologies Stock Up 2.8 %

SOFI traded up $0.45 on Thursday, reaching $16.44. The company's stock had a trading volume of 35,477,255 shares, compared to its average volume of 47,105,094. The stock has a 50 day moving average of $15.81 and a two-hundred day moving average of $11.25. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $17.84 billion, a price-to-earnings ratio of 164.42, a P/E/G ratio of 1.19 and a beta of 1.78. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating 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%. During the same period in the prior year, the business earned $0.04 earnings per share. As a group, analysts forecast that SoFi Technologies, Inc. will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 8,914 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 187,725 shares in the company, valued at $2,926,632.75. This represents a 4.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric Schuppenhauer purchased 30,600 shares of the business's stock in a transaction dated Monday, December 16th. The shares were bought at an average price of $16.34 per share, with a total value of $500,004.00. Following the purchase, the executive vice president now directly owns 46,105 shares of the company's stock, valued at approximately $753,355.70. The trade was a 197.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 26,008,870 shares of company stock worth $416,950,073. 2.60% of the stock is owned by insiders.

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.