Zurcher Kantonalbank Zurich Cantonalbank Purchases 46,063 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 20.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 276,890 shares of the company's stock after purchasing 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 reporting period.

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

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 9,185 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total transaction of $141,724.55. Following the transaction, the executive vice president now directly owns 169,626 shares in the company, valued at approximately $2,617,329.18. This represents a 5.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jeremy Rishel sold 64,991 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $15.72, for a total value of $1,021,658.52. Following the transaction, the chief technology officer now owns 586,494 shares in the company, valued at $9,219,685.68. The trade was a 9.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,004 shares of company stock worth $1,459,060. Corporate insiders own 2.60% of the company's stock.

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SoFi Technologies Trading Down 0.3 %

Shares of SoFi Technologies stock traded down $0.04 on Monday, reaching $12.06. 9,166,316 shares of the company's stock were exchanged, compared to its average volume of 46,041,855. The company has a market capitalization of $13.22 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. The firm's 50-day moving average is $14.89 and its two-hundred day moving average is $12.89. 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 (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the business posted $0.04 EPS. Sell-side analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SOFI. JPMorgan Chase & Co. increased their target price on shares of SoFi Technologies from $9.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, December 2nd. Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a report on Friday, February 21st. The Goldman Sachs Group increased their target price on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Needham & Company LLC increased their target price 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, Citigroup upped their price objective on SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.