Baltimore Washington Financial Advisors Inc. Purchases 67,779 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Baltimore Washington Financial Advisors Inc. increased its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 592,930 shares of the company's stock after buying an additional 67,779 shares during the quarter. Baltimore Washington Financial Advisors Inc. owned about 0.05% of SoFi Technologies worth $9,131,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Wealthspan Partners LLC raised its holdings in shares of SoFi Technologies by 15.5% during the fourth quarter. Wealthspan Partners LLC now owns 19,761 shares of the company's stock valued at $304,000 after buying an additional 2,645 shares during the last quarter. River Street Advisors LLC increased its position in SoFi Technologies by 9.9% in the 4th quarter. River Street Advisors LLC now owns 63,023 shares of the company's stock valued at $971,000 after acquiring an additional 5,654 shares during the period. U.S. Capital Wealth Advisors LLC bought a new stake in SoFi Technologies during the 4th quarter valued at $192,000. Spire Wealth Management boosted its position in SoFi Technologies by 7.6% during the 4th quarter. Spire Wealth Management now owns 79,376 shares of the company's stock worth $1,222,000 after acquiring an additional 5,594 shares during the period. Finally, CMG Global Holdings LLC bought a new position in shares of SoFi Technologies in the fourth quarter worth $1,216,000. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Trading Up 0.7 %

Shares of NASDAQ SOFI traded up $0.11 during mid-day trading on Friday, hitting $14.91. 32,039,367 shares of the company traded hands, compared to its average volume of 44,864,660. The company has a quick ratio of 0.18, a current ratio of 0.49 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. The stock has a market capitalization of $16.18 billion, a price-to-earnings ratio of 40.30, a PEG ratio of 2.12 and a beta of 1.78. The business has a 50 day moving average of $15.76 and a two-hundred day moving average of $11.61.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data 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 last year, the firm earned $0.04 earnings per share. On average, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SOFI shares. Citigroup lifted their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. William Blair reaffirmed an "outperform" rating on shares of SoFi Technologies in a research note on Friday, January 24th. The Goldman Sachs Group raised their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Morgan Stanley upped their target price on SoFi Technologies from $7.50 to $13.00 and gave the stock an "underweight" rating in a research report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods reiterated an "underperform" rating and set a $8.00 price target (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $12.50.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 9,590 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $14.56, for a total value of $139,630.40. Following the completion of the sale, the executive vice president now owns 142,613 shares in the company, valued at $2,076,445.28. This represents a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Eric Schuppenhauer purchased 30,600 shares of the stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of $16.34 per share, for a total transaction of $500,004.00. Following the acquisition, the executive vice president now directly owns 46,105 shares of the company's stock, valued at $753,355.70. This represents a 197.36 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 26,008,870 shares of company stock valued at $416,950,073. Company insiders own 2.60% of the company's stock.

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.