Axa S.A. Sells 34,677 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Axa S.A. lessened its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 231,954 shares of the company's stock after selling 34,677 shares during the quarter. Axa S.A.'s holdings in SoFi Technologies were worth $3,572,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SOFI. Skandinaviska Enskilda Banken AB publ purchased a new position in SoFi Technologies in the fourth quarter valued at about $27,000. Hollencrest Capital Management bought a new stake in shares of SoFi Technologies in the 4th quarter valued at about $31,000. FNY Investment Advisers LLC grew its position in shares of SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock worth $33,000 after buying an additional 1,905 shares during the last quarter. IAG Wealth Partners LLC bought a new position in shares of SoFi Technologies during the 4th quarter worth approximately $38,000. Finally, Legacy Investment Solutions LLC lifted its position in SoFi Technologies by 116.3% during the fourth quarter. Legacy Investment Solutions LLC now owns 3,244 shares of the company's stock valued at $48,000 after acquiring an additional 1,744 shares during the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Price Performance

NASDAQ:SOFI opened at $13.01 on Thursday. The firm's fifty day moving average is $11.90 and its two-hundred day moving average is $13.79. The firm has a market cap of $14.27 billion, a price-to-earnings ratio of 35.16, a PEG ratio of 2.24 and a beta of 1.84. 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, Inc. has a one year low of $6.01 and a one year high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. The firm had revenue of $763.81 million for the quarter, compared to the consensus estimate of $739.93 million. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. The company's revenue was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 earnings per share. Research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the company'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 completion of the transaction, the chief technology officer now owns 655,118 shares in the company, valued at approximately $8,280,691.52. This represents a 9.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kelli Keough sold 9,185 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $15.43, for a total value of $141,724.55. Following the sale, the executive vice president now owns 169,626 shares in the company, valued at $2,617,329.18. This trade represents a 5.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,172 shares of company stock valued at $1,271,115 in the last 90 days. 2.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. William Blair reaffirmed an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. JMP Securities initiated coverage on SoFi Technologies in a research note on Friday, April 25th. They issued a "market outperform" rating and a $17.00 price target for the company. The Goldman Sachs Group boosted their price target on SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Finally, Needham & Company LLC reissued a "buy" rating and set a $20.00 target price on shares of SoFi Technologies in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $14.38.

SoFi Technologies Company 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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