SoFi Technologies, Inc. (NASDAQ:SOFI) Holdings Raised by Creekmur Asset Management LLC

Creekmur Asset Management LLC increased its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 7,151.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 28,715 shares of the company's stock after acquiring an additional 28,319 shares during the period. Creekmur Asset Management LLC's holdings in SoFi Technologies were worth $442,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CIBC Private Wealth Group LLC raised its stake in shares of SoFi Technologies by 1.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 60,534 shares of the company's stock valued at $881,000 after purchasing an additional 685 shares during the period. Captrust Financial Advisors grew its holdings in SoFi Technologies by 2.8% during the 3rd quarter. Captrust Financial Advisors now owns 29,639 shares of the company's stock valued at $233,000 after purchasing an additional 809 shares in the last quarter. Procyon Advisors LLC increased its stake in SoFi Technologies by 8.0% during the 4th quarter. Procyon Advisors LLC now owns 13,497 shares of the company's stock worth $208,000 after buying an additional 1,000 shares during the period. Game Plan Financial Advisors LLC lifted its holdings in SoFi Technologies by 13.9% in the 4th quarter. Game Plan Financial Advisors LLC now owns 8,200 shares of the company's stock worth $128,000 after buying an additional 1,000 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in SoFi Technologies by 33.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company's stock valued at $68,000 after buying an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

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Insider Activity

In related news, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total value of $156,708.12. Following the sale, the executive vice president now directly owns 178,811 shares in the company, valued at $3,143,497.38. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction dated 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 transaction, 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. Over the last quarter, insiders sold 97,905 shares of company stock valued at $1,308,075. 2.60% of the stock is currently owned by company insiders.

SoFi Technologies Stock Performance

SOFI traded up $0.40 on Wednesday, hitting $12.31. 54,724,492 shares of the company's stock were exchanged, compared to its average volume of 45,200,564. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average of $14.10 and a two-hundred day moving average of $13.30. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42. The firm has a market cap of $13.50 billion, a PE ratio of 33.27, a P/E/G ratio of 2.24 and a beta of 1.79.

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, topping 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 business posted $0.04 EPS. On average, research analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SOFI shares. Morgan Stanley lifted their target price on SoFi Technologies from $7.50 to $13.00 and gave the stock an "underweight" rating in a research report on Thursday, December 19th. Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a report on Friday, February 21st. The Goldman Sachs Group increased their target price on SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Bank of America restated an "underperform" rating and issued a $12.00 price target on shares of SoFi Technologies in a research note on Monday, December 9th. Finally, UBS Group upped their price target on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $12.50.

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.