SoFi Technologies, Inc. (NASDAQ:SOFI) Holdings Decreased by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 41.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,642,700 shares of the company's stock after selling 4,748,200 shares during the quarter. Renaissance Technologies LLC owned about 0.61% of SoFi Technologies worth $102,298,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of SoFi Technologies during the fourth quarter worth about $27,000. Hollencrest Capital Management purchased a new position in shares of SoFi Technologies in the 4th quarter valued at approximately $31,000. FNY Investment Advisers LLC grew its stake in shares of SoFi Technologies by 727.1% in 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 during the last quarter. IAG Wealth Partners LLC acquired a new position in shares of SoFi Technologies in the fourth quarter valued at approximately $38,000. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of 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 purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

SoFi Technologies Trading Up 1.8 %

NASDAQ:SOFI traded up $0.19 on Friday, hitting $10.71. 42,703,989 shares of the stock were exchanged, compared to its average volume of 46,036,579. The stock has a fifty day moving average of $13.02 and a 200-day moving average of $13.45. The stock has a market cap of $11.74 billion, a PE ratio of 28.95, a PEG ratio of 2.24 and a beta of 1.86. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week 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.

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 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 prior year, the company posted $0.04 earnings per share. As a group, equities analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 9,185 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total transaction of $141,724.55. Following the completion of the transaction, the executive vice president now directly owns 169,626 shares in the company, valued at approximately $2,617,329.18. This represents a 5.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of the sale, the chief technology officer now owns 655,118 shares of the company's stock, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,905 shares of company stock valued at $1,308,075 in the last ninety days. Insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Morgan Stanley boosted their price objective 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. William Blair reaffirmed an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Dbs Bank raised SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. UBS Group upped their price objective on SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. 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 report on Tuesday, January 14th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average 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.