SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 590.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,072 shares of the company's stock after purchasing an additional 185,655 shares during the quarter. Quantinno Capital Management LP's holdings in SoFi Technologies were worth $1,706,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SOFI. Comerica Bank lifted its position in SoFi Technologies by 27.1% during the first quarter. Comerica Bank now owns 23,782 shares of the company's stock valued at $174,000 after acquiring an additional 5,071 shares during the last quarter. CWM LLC increased its position in shares of SoFi Technologies by 21.7% during the second quarter. CWM LLC now owns 51,284 shares of the company's stock worth $339,000 after purchasing an additional 9,151 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of SoFi Technologies by 6.0% during the second quarter. QRG Capital Management Inc. now owns 57,098 shares of the company's stock worth $377,000 after purchasing an additional 3,249 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of SoFi Technologies by 2,263.0% during the 2nd quarter. SG Americas Securities LLC now owns 351,332 shares of the company's stock valued at $2,322,000 after purchasing an additional 336,464 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its position in shares of SoFi Technologies by 8.0% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 33,771 shares of the company's stock worth $223,000 after purchasing an additional 2,495 shares in the last quarter. Institutional investors own 38.43% of the company's stock.

Insider Activity

In other SoFi Technologies news, Director Iv (Gp) L.L.C. Slta sold 1,758,553 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $16.06, for a total transaction of $28,242,361.18. Following the transaction, the director now owns 482,083 shares of the company's stock, valued at approximately $7,742,252.98. The trade was a 78.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kelli Keough sold 9,308 shares of the business's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $7.99, for a total transaction of $74,370.92. Following the completion of the transaction, the executive vice president now owns 161,511 shares in the company, valued at $1,290,472.89. The trade was a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,960,748 shares of company stock worth $415,523,316 over the last quarter. 2.60% of the stock is currently owned by corporate insiders.

SoFi Technologies Stock Performance

Shares of SOFI stock traded down $0.04 on Thursday, hitting $15.90. The company had a trading volume of 47,958,460 shares, compared to its average volume of 47,606,266. The company has a 50-day moving average price of $12.67 and a 200-day moving average price of $9.06. 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 firm has a market cap of $17.25 billion, a P/E ratio of 159.00, a price-to-earnings-growth ratio of 2.66 and a beta of 1.77. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $16.61.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. The company had revenue of $697.10 million during the quarter, compared to analysts' expectations of $631.59 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. The firm's revenue for the quarter was up 29.8% on a year-over-year basis. As a group, equities research analysts predict that SoFi Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SOFI shares. JPMorgan Chase & Co. upped their target price on SoFi Technologies from $9.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, December 2nd. Bank of America restated an "underperform" rating and set a $12.00 price objective on shares of SoFi Technologies in a report on Monday. The Goldman Sachs Group lifted their target price on shares of SoFi Technologies from $7.50 to $8.50 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Needham & Company LLC boosted their target price on shares of SoFi Technologies from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Citigroup cut shares of SoFi Technologies from a "strong-buy" rating to a "hold" rating in a report on Friday, October 18th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $10.50.

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.