Rockefeller Capital Management L.P. Decreases Stake in SoFi Technologies, Inc. (NASDAQ:SOFI)

Rockefeller Capital Management L.P. lowered its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 74.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 574,502 shares of the company's stock after selling 1,634,764 shares during the period. Rockefeller Capital Management L.P. owned 0.05% of SoFi Technologies worth $8,847,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. CIBC Private Wealth Group LLC increased its position in SoFi Technologies by 1.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 60,534 shares of the company's stock worth $881,000 after buying an additional 685 shares during the last quarter. Procyon Advisors LLC lifted its position in SoFi Technologies by 8.0% during the fourth quarter. Procyon Advisors LLC now owns 13,497 shares of the company's stock valued at $208,000 after buying an additional 1,000 shares during the period. Game Plan Financial Advisors LLC grew its holdings in SoFi Technologies by 13.9% in the fourth quarter. Game Plan Financial Advisors LLC now owns 8,200 shares of the company's stock worth $128,000 after purchasing an additional 1,000 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in SoFi Technologies by 33.3% during the fourth 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. Finally, World Investment Advisors LLC raised its holdings in SoFi Technologies by 6.5% in the third quarter. World Investment Advisors LLC now owns 21,745 shares of the company's stock worth $171,000 after buying an additional 1,336 shares during the last quarter. Institutional investors own 38.43% of the company's stock.

Wall Street Analysts Forecast Growth

SOFI has been the subject of several analyst reports. Needham & Company LLC upped their price objective on SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. The Goldman Sachs Group increased their target price on SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. William Blair reiterated an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods reaffirmed an "underperform" rating and set a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $12.50.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were 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 directly owns 655,118 shares in the company, valued at $8,280,691.52. The trade was a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelli Keough sold 9,185 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were 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 disclosure for this sale can be found here. Insiders sold 97,905 shares of company stock worth $1,308,075 in the last 90 days. 2.60% of the stock is owned by company insiders.

SoFi Technologies Price Performance

NASDAQ:SOFI traded up $0.32 during mid-day trading on Friday, hitting $10.98. 46,704,309 shares of the company's stock traded hands, compared to its average volume of 46,196,413. The firm's 50 day simple moving average is $12.60 and its 200 day simple moving average is $13.48. The company has a market cap of $12.04 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 2.24 and a beta of 1.86. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year 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.

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, topping analysts' consensus estimates 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 quarter in the previous year, the firm posted $0.04 earnings per share. Sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

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.