SoFi Technologies, Inc. (NASDAQ:SOFI) Stock Holdings Raised by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 123.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,740,628 shares of the company's stock after buying an additional 1,512,326 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.25% of SoFi Technologies worth $40,671,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SOFI. Vanguard Group Inc. lifted its holdings in shares of SoFi Technologies by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company's stock worth $1,514,390,000 after purchasing an additional 8,898,879 shares during the period. State Street Corp raised its holdings in SoFi Technologies by 1.7% during the third quarter. State Street Corp now owns 18,062,855 shares of the company's stock worth $141,974,000 after purchasing an additional 310,532 shares in the last quarter. Geode Capital Management LLC lifted its position in SoFi Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 17,619,084 shares of the company's stock valued at $138,523,000 after purchasing an additional 358,806 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in SoFi Technologies by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,313,617 shares of the company's stock valued at $97,230,000 after purchasing an additional 167,780 shares in the last quarter. Finally, Azora Capital LP increased its position in SoFi Technologies by 8.8% during the 3rd quarter. Azora Capital LP now owns 4,348,068 shares of the company's stock worth $34,176,000 after purchasing an additional 352,901 shares during the period. 38.43% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 8,914 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total value of $156,708.12. Following the completion of the transaction, the executive vice president now directly owns 178,811 shares in the company, valued at approximately $3,143,497.38. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the chief technology officer now directly owns 655,118 shares in the company, valued at $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 97,905 shares of company stock valued at $1,308,075 over the last quarter. Company insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SOFI shares. Morgan Stanley upped their price objective on SoFi Technologies from $7.50 to $13.00 and gave the stock an "underweight" rating in a report on Thursday, December 19th. The Goldman Sachs Group raised their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. UBS Group upped their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Bank of America reiterated an "underperform" rating and set a $12.00 price target on shares of SoFi Technologies in a research report on Monday, December 9th. Finally, Needham & Company LLC upped their price target on SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, SoFi Technologies has an average rating of "Hold" and a consensus price target of $12.50.

SoFi Technologies Trading Up 2.5 %

Shares of SOFI traded up $0.30 during trading hours on Wednesday, hitting $12.21. The stock had a trading volume of 14,887,459 shares, compared to its average volume of 46,459,949. The company's fifty day simple moving average is $14.20 and its 200 day simple moving average is $13.31. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $18.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The firm has a market cap of $13.39 billion, a P/E ratio of 33.01, a P/E/G ratio of 2.24 and a beta of 1.79.

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, topping the consensus estimate 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 in the prior year, the company earned $0.04 earnings per share. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

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.