SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 98,337,045 shares of the company's stock after buying an additional 8,898,879 shares during the period. 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 recently modified their holdings of the company. State Street Corp grew its position in SoFi Technologies by 1.7% during the third quarter. State Street Corp now owns 18,062,855 shares of the company's stock valued at $141,974,000 after buying an additional 310,532 shares during the period. Geode Capital Management LLC boosted its stake in shares of SoFi Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 17,619,084 shares of the company's stock worth $138,523,000 after acquiring an additional 358,806 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of SoFi Technologies by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,313,617 shares of the company's stock valued at $97,230,000 after acquiring an additional 167,780 shares during the period. Azora Capital LP increased its stake in shares of SoFi Technologies by 8.8% in the 3rd quarter. Azora Capital LP now owns 4,348,068 shares of the company's stock worth $34,176,000 after purchasing an additional 352,901 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of SoFi Technologies by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 3,223,370 shares of the company's stock worth $49,640,000 after purchasing an additional 8,218 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts have issued reports on SOFI shares. Dbs Bank raised SoFi Technologies to a "strong-buy" rating in a report on Friday, February 21st. Needham & Company LLC increased their price objective on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. UBS Group raised their price target on SoFi Technologies from $10.50 to $14.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and set a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Finally, Bank of America reaffirmed an "underperform" rating and issued a $12.00 target price on shares of SoFi Technologies in a report on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $12.50.

SoFi Technologies Trading Down 2.9 %

SOFI stock traded down $0.35 during trading on Friday, hitting $11.85. The company had a trading volume of 51,207,407 shares, compared to its average volume of 44,957,955. The firm has a market capitalization of $12.99 billion, a P/E ratio of 32.03, a PEG ratio of 2.24 and a beta of 1.79. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The company has a 50 day simple moving average of $14.42 and a 200-day simple moving average of $13.21.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Monday, January 27th. The company reported $0.05 earnings per share 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 previous year, the business posted $0.04 earnings per share. As a group, research analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Kelli Keough sold 8,914 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total transaction of $156,708.12. Following the transaction, the executive vice president now directly owns 178,811 shares in the company, valued at $3,143,497.38. The trade was a 4.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction dated Thursday, March 20th. The shares were 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,905 shares of company stock valued at $1,308,075 over the last 90 days. Corporate insiders own 2.60% of the company's stock.

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.