WINTON GROUP Ltd Makes New Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

WINTON GROUP Ltd acquired a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 34,753 shares of the company's stock, valued at approximately $535,000.

Other large investors have also recently modified their holdings of the company. Berkshire Capital Holdings Inc. boosted its position in SoFi Technologies by 6,208,000.0% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company's stock valued at $9,560,000 after buying an additional 620,800 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of SoFi Technologies during the fourth quarter worth about $3,703,000. Hanseatic Management Services Inc. bought a new stake in shares of SoFi Technologies in the fourth quarter worth about $1,116,000. Kercheville Advisors LLC bought a new position in SoFi Technologies during the 4th quarter valued at approximately $1,594,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in SoFi Technologies by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,145,837 shares of the company's stock worth $48,306,000 after buying an additional 87,097 shares during the period. Hedge funds and other institutional investors own 38.43% of the company's stock.

SoFi Technologies Stock Down 13.6 %

Shares of NASDAQ:SOFI traded down $1.67 on Thursday, hitting $10.64. 73,016,732 shares of the company traded hands, compared to its average volume of 45,291,700. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. The stock has a 50 day simple moving average of $13.95 and a 200-day simple moving average of $13.29. The company has a market cap of $11.67 billion, a PE ratio of 28.76, 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.

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SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly 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 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 EPS. As a group, research analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SOFI. Morgan Stanley boosted their target price on SoFi Technologies from $7.50 to $13.00 and gave the company an "underweight" rating in a research note on Thursday, December 19th. Dbs Bank upgraded shares of SoFi Technologies to a "strong-buy" rating in a report on Friday, February 21st. Bank of America reaffirmed an "underperform" rating and set a $12.00 target price on shares of SoFi Technologies in a research note on Monday, December 9th. 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. Finally, William Blair reiterated an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $12.50.

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 11,181 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $12.72, for a total value of $142,222.32. Following the completion of the transaction, the executive vice president now directly owns 226,210 shares in the company, valued at $2,877,391.20. This represents a 4.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction 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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 97,905 shares of company stock worth $1,308,075. 2.60% of the stock is owned by corporate insiders.

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.