Aptus Capital Advisors LLC Has $516,000 Stock Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Aptus Capital Advisors LLC cut its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 86.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,496 shares of the company's stock after selling 221,143 shares during the quarter. Aptus Capital Advisors LLC's holdings in SoFi Technologies were worth $516,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SOFI. Vanguard Group Inc. raised its position in SoFi Technologies by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company's stock valued at $1,514,390,000 after purchasing an additional 8,898,879 shares during the last quarter. Geode Capital Management LLC raised its holdings in SoFi Technologies by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company's stock valued at $276,288,000 after buying an additional 315,899 shares during the last quarter. Norges Bank acquired a new stake in SoFi Technologies during the 4th quarter worth approximately $103,678,000. Charles Schwab Investment Management Inc. increased its position in SoFi Technologies by 2.7% in 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. Finally, Northern Trust Corp raised its stake in shares of SoFi Technologies by 22.7% during the fourth quarter. Northern Trust Corp now owns 6,052,301 shares of the company's stock valued at $93,205,000 after acquiring an additional 1,121,550 shares during the last quarter. Institutional investors own 38.43% of the company's stock.

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 68,625 shares of the firm's 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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 11,181 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $10.71, for a total value of $119,748.51. Following the sale, the executive vice president now directly owns 215,029 shares of the company's stock, valued at $2,302,960.59. This represents a 4.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,172 shares of company stock worth $1,271,115 in the last ninety days. Corporate insiders own 2.60% of the company's stock.

Analyst Ratings Changes

SOFI has been the topic of several analyst reports. Citizens Jmp began coverage on shares of SoFi Technologies in a research note on Friday, April 25th. They issued an "outperform" rating and a $17.00 price objective on the stock. Barclays increased their price target on SoFi Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. JMP Securities assumed coverage on SoFi Technologies in a research note on Friday, April 25th. They issued a "market outperform" rating and a $17.00 price objective on the stock. Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Finally, William Blair restated an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of "Hold" and a consensus target price of $14.38.

SoFi Technologies Trading Up 2.2 %

SOFI opened at $13.01 on Thursday. The company has a market cap of $14.27 billion, a P/E ratio of 35.16, a price-to-earnings-growth ratio of 2.24 and a beta of 1.84. The company has a fifty day moving average price of $11.90 and a two-hundred day moving average price of $13.79. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. The business had revenue of $763.81 million for the quarter, compared to the consensus estimate of $739.93 million. During the same period in the prior year, the business earned $0.02 EPS. The firm's revenue for the quarter was up 32.7% on a year-over-year basis. Analysts predict 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.

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