SoFi Technologies, Inc. (NASDAQ:SOFI) Position Raised by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 9.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,337,045 shares of the company's stock after purchasing an additional 8,898,879 shares during the quarter. Vanguard Group Inc. owned about 9.06% of SoFi Technologies worth $1,514,390,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Amundi boosted its stake in SoFi Technologies by 58,176.3% in the 4th quarter. Amundi now owns 2,705,185 shares of the company's stock worth $39,360,000 after buying an additional 2,700,543 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of SoFi Technologies during the 3rd quarter worth about $16,014,000. Raymond James Financial Inc. acquired a new stake in shares of SoFi Technologies in the fourth quarter worth approximately $14,479,000. Berkshire Capital Holdings Inc. grew its holdings in SoFi Technologies by 6,208,000.0% in the fourth quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company's stock valued at $9,560,000 after purchasing an additional 620,800 shares during the period. Finally, Zacks Investment Management purchased a new position in SoFi Technologies during the third quarter worth approximately $3,766,000. Hedge funds and other institutional investors own 38.43% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Citigroup upped their price objective on SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. William Blair restated an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. Morgan Stanley lifted their price objective on SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods reiterated 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. Finally, Needham & Company LLC raised their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a "buy" 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $12.50.

Insider Activity at SoFi Technologies

In other news, CTO Jeremy Rishel sold 68,625 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value 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 approximately $8,280,691.52. The trade was a 9.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelli Keough sold 9,185 shares of the firm's stock in a transaction 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 transaction, the executive vice president now owns 169,626 shares in the company, valued at $2,617,329.18. This trade represents a 5.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,905 shares of company stock valued at $1,308,075 over the last ninety days. Corporate insiders own 2.60% of the company's stock.

SoFi Technologies Stock Down 1.9 %

Shares of NASDAQ SOFI traded down $0.22 during midday trading on Monday, reaching $11.63. 62,720,010 shares of the company's stock were exchanged, compared to its average volume of 45,029,195. 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 52-week low of $6.01 and a 52-week high of $18.42. The business's fifty day moving average price is $14.32 and its two-hundred day moving average price is $13.28. The stock has a market capitalization of $12.75 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted 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 return on equity of 3.82% and a net margin of 18.64%. During the same quarter in the prior year, the firm posted $0.04 EPS. Analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current 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.