Swiss National Bank Increases Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Swiss National Bank lifted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,991,700 shares of the company's stock after acquiring an additional 31,200 shares during the period. Swiss National Bank owned approximately 0.18% of SoFi Technologies worth $30,672,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in shares of SoFi Technologies during the 3rd quarter valued at about $28,000. Hollencrest Capital Management purchased a new stake in SoFi Technologies in the fourth quarter worth approximately $31,000. FNY Investment Advisers LLC grew its position in SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock worth $33,000 after purchasing an additional 1,905 shares during the period. SouthState Corp purchased a new stake in SoFi Technologies during the 3rd quarter valued at $67,000. Finally, Huntington National Bank raised its stake in SoFi Technologies by 442.0% during the 3rd quarter. Huntington National Bank now owns 8,856 shares of the company's stock valued at $70,000 after buying an additional 7,222 shares during the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 9,185 shares of SoFi Technologies stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total value of $141,724.55. Following the sale, the executive vice president now owns 169,626 shares of the company's stock, valued at $2,617,329.18. The trade was a 5.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 27,013 shares of company stock worth $437,402. Corporate insiders own 2.60% of the company's stock.

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Analysts Set New Price Targets

SOFI has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on SoFi Technologies from $9.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, December 2nd. UBS Group boosted their price target on SoFi Technologies from $10.50 to $14.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Needham & Company LLC raised their price objective on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Dbs Bank upgraded shares of SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Finally, Citigroup upped their target price on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $12.50.

SoFi Technologies Price Performance

SOFI traded up $0.23 during trading on Friday, reaching $12.87. 39,877,242 shares of the company traded hands, compared to its average volume of 44,477,045. The company has a market cap of $14.11 billion, a P/E ratio of 34.78, a PEG ratio of 2.24 and a beta of 1.79. 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, Inc. has a 12-month low of $6.01 and a 12-month high of $18.42. The firm has a fifty day simple moving average of $14.70 and a 200 day simple moving average of $12.94.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, beating 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 previous year, the business earned $0.04 earnings per share. On average, equities analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

SoFi Technologies Company 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.