Zurcher Kantonalbank Zurich Cantonalbank Has $4.26 Million Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,890 shares of the company's stock after acquiring an additional 46,063 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in SoFi Technologies were worth $4,264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SOFI. Amundi lifted its holdings in shares of SoFi Technologies by 58,176.3% during the 4th quarter. Amundi now owns 2,705,185 shares of the company's stock valued at $39,360,000 after buying an additional 2,700,543 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of SoFi Technologies by 214.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company's stock valued at $30,971,000 after buying an additional 2,688,847 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of SoFi Technologies during the 3rd quarter valued at about $16,014,000. Raymond James Financial Inc. acquired a new stake in shares of SoFi Technologies during the 4th quarter valued at about $14,479,000. Finally, Zacks Investment Management acquired a new stake in shares of SoFi Technologies during the 3rd quarter valued at about $3,766,000. Hedge funds and other institutional investors own 38.43% of the company's stock.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI traded up $0.70 during trading hours on Friday, reaching $12.09. The stock had a trading volume of 37,340,434 shares, compared to its average volume of 46,843,879. The business's fifty day moving average is $14.89 and its two-hundred day moving average is $12.85. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The company has a market cap of $13.26 billion, a price-to-earnings ratio of 32.68, a PEG ratio of 2.24 and a beta of 1.79. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42.

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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. As a group, research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 64,991 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the completion of the transaction, the chief technology officer now directly owns 586,494 shares in the company, valued at $9,219,685.68. This represents a 9.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kelli Keough sold 9,185 shares of the 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 of the company's stock, valued at $2,617,329.18. This represents a 5.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,004 shares of company stock worth $1,459,060. 2.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on SoFi Technologies from $9.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, December 2nd. UBS Group boosted their target price on SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. William Blair restated an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Keefe, Bruyette & Woods restated an "underperform" rating and issued a $8.00 target price (up from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Finally, Bank of America restated an "underperform" rating and issued a $12.00 target price on shares of SoFi Technologies in a report on Monday, December 9th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, SoFi Technologies has a consensus rating of "Hold" and a consensus price target of $12.50.

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.