Vontobel Holding Ltd. Sells 97,214 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Vontobel Holding Ltd. decreased its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 48.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,361 shares of the company's stock after selling 97,214 shares during the period. Vontobel Holding Ltd.'s holdings in SoFi Technologies were worth $1,576,000 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 company. Capital Performance Advisors LLP acquired a new position in shares of SoFi Technologies during the 3rd quarter worth $27,000. Brooklyn Investment Group bought a new stake in SoFi Technologies in the third quarter worth $28,000. FNY Investment Advisers LLC raised its holdings in SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock valued at $33,000 after buying an additional 1,905 shares in the last quarter. Waldron Private Wealth LLC bought a new position in SoFi Technologies during the third quarter valued at about $39,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in shares of SoFi Technologies in the third quarter worth about $47,000. Hedge funds and other institutional investors own 38.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SOFI. Bank of America reissued an "underperform" rating and set a $12.00 price objective on shares of SoFi Technologies in a report on Monday, December 9th. Needham & Company LLC lifted their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Mizuho boosted their price objective on shares of SoFi Technologies from $14.00 to $16.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. UBS Group raised their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Finally, Barclays boosted their target price on shares of SoFi Technologies from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $12.50.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,185 shares of the company'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 sale, the executive vice president now directly owns 169,626 shares in the company, valued at $2,617,329.18. This represents a 5.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Eric Schuppenhauer acquired 30,600 shares of the business's stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $16.34 per share, with a total value of $500,004.00. Following the completion of the acquisition, the executive vice president now owns 46,105 shares of the company's stock, valued at approximately $753,355.70. This trade represents a 197.36 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 26,008,465 shares of company stock valued at $416,952,167. Company insiders own 2.60% of the company's stock.

SoFi Technologies Stock Performance

SoFi Technologies stock traded down $0.89 during trading hours on Friday, hitting $14.67. The stock had a trading volume of 54,520,515 shares, compared to its average volume of 44,443,715. The company has a 50-day moving average of $15.70 and a two-hundred day moving average of $12.19. 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 fifty-two week low of $6.01 and a fifty-two week high of $18.42. The company has a market cap of $15.92 billion, a PE ratio of 39.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.77.

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