Deutsche Bank AG Has $11.04 Million Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Deutsche Bank AG increased its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 1,222.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 717,143 shares of the company's stock after purchasing an additional 662,923 shares during the quarter. Deutsche Bank AG owned approximately 0.07% of SoFi Technologies worth $11,044,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake 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 acquiring an additional 8,898,879 shares during the last quarter. Norges Bank acquired a new stake in SoFi Technologies in the fourth quarter valued at approximately $103,678,000. Amundi lifted its stake in SoFi Technologies by 58,176.3% in the fourth quarter. Amundi now owns 2,705,185 shares of the company's stock valued at $39,360,000 after acquiring an additional 2,700,543 shares during the last quarter. First Trust Advisors LP lifted its stake in SoFi Technologies by 583.6% in the fourth quarter. First Trust Advisors LP now owns 2,686,667 shares of the company's stock valued at $41,375,000 after acquiring an additional 2,293,622 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in SoFi Technologies in the fourth quarter valued at approximately $26,755,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,185 shares of the business's stock in a transaction on 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 of the company's stock, valued at $2,617,329.18. The trade was a 5.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Jeremy Rishel sold 68,625 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of the sale, the chief technology officer now owns 655,118 shares in the company, valued at $8,280,691.52. This represents a 9.48% decrease in their position. 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.

SoFi Technologies Stock Performance

SOFI stock traded up $0.35 on Friday, reaching $13.92. 56,350,231 shares of the company were exchanged, compared to its average volume of 47,503,434. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. The stock's fifty day moving average price is $12.07 and its 200 day moving average price is $13.94. The firm has a market capitalization of $15.39 billion, a PE ratio of 37.62, a PEG ratio of 2.24 and a beta of 1.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. The firm had revenue of $763.81 million for the quarter, compared to analyst estimates of $739.93 million. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. The business's revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS. On average, research analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SOFI. JMP Securities began coverage on shares of SoFi Technologies in a research note on Friday, April 25th. They issued a "market outperform" rating and a $17.00 target price for the company. William Blair reissued an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. Barclays lifted their price target on shares of SoFi Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Needham & Company LLC reissued a "buy" rating and issued a $20.00 price target on shares of SoFi Technologies in a research report on Wednesday, April 30th. Finally, Citizens Jmp assumed coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They issued an "outperform" rating and a $17.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, SoFi Technologies presently has an average rating of "Hold" and a consensus 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.