SBI Securities Co. Ltd. Invests $3.70 Million in SoFi Technologies, Inc. (NASDAQ:SOFI)

SBI Securities Co. Ltd. bought a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 240,445 shares of the company's stock, valued at approximately $3,703,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new stake in SoFi Technologies in the 3rd quarter valued at about $27,000. Brooklyn Investment Group bought a new stake in shares of SoFi Technologies during the third quarter valued at approximately $28,000. FNY Investment Advisers LLC boosted its position in shares of SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock worth $33,000 after buying an additional 1,905 shares during the period. SouthState Corp acquired a new stake in SoFi Technologies in the 3rd quarter valued at approximately $67,000. Finally, Huntington National Bank increased its position in SoFi Technologies by 442.0% in the 3rd quarter. Huntington National Bank now owns 8,856 shares of the company's stock valued at $70,000 after acquiring an additional 7,222 shares during the period. 38.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of SoFi Technologies stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $16.03, for a total transaction of $386,417,705.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Bashir Ruzwana sold 52,000 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $16.02, for a total transaction of $833,040.00. Following the sale, the director now owns 25,937 shares of the company's stock, valued at approximately $415,510.74. This represents a 66.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,249,912 shares of company stock valued at $388,709,806 in the last three months. 2.60% of the stock is currently owned by company insiders.

SoFi Technologies Trading Down 5.3 %

Shares of NASDAQ SOFI traded down $0.77 during mid-day trading on Monday, hitting $13.70. 40,698,986 shares of the company traded hands, compared to its average volume of 44,940,898. The business has a 50 day moving average of $15.54 and a two-hundred day moving average of $12.54. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 2.24 and a beta of 1.77. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $18.42. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data 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 net margin of 18.64% and a return on equity of 3.82%. During the same quarter last year, the firm earned $0.04 earnings per share. On average, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SOFI has been the subject of several recent analyst reports. UBS Group increased their price target on SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Morgan Stanley increased their target price on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a research report on Thursday, December 19th. Needham & Company LLC boosted their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. William Blair reiterated an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Finally, Dbs Bank raised SoFi Technologies to a "strong-buy" rating in a report on Friday, February 21st. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, SoFi Technologies presently has an average rating of "Hold" and an average target price of $12.50.

SoFi Technologies 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.