160,000 Shares in SoFi Technologies, Inc. (NASDAQ:SOFI) Bought by Warm Springs Advisors Inc.

Warm Springs Advisors Inc. purchased a new position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 160,000 shares of the company's stock, valued at approximately $2,464,000. SoFi Technologies makes up about 2.3% of Warm Springs Advisors Inc.'s portfolio, making the stock its 12th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SOFI. Vanguard Group Inc. boosted its position in shares of SoFi Technologies by 9.9% during the 4th 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. Two Sigma Advisers LP acquired a new position in shares of SoFi Technologies during the 4th quarter valued at about $299,980,000. Geode Capital Management LLC boosted its position in shares of SoFi Technologies by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company's stock valued at $276,288,000 after acquiring an additional 315,899 shares during the last quarter. Norges Bank acquired a new position in shares of SoFi Technologies during the 4th quarter valued at about $103,678,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of SoFi Technologies by 2.7% during 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 last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

Insider Activity

In other news, EVP Kelli Keough sold 11,520 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $13.38, for a total value of $154,137.60. Following the completion of the sale, the executive vice president now directly owns 203,509 shares in the company, valued at approximately $2,722,950.42. The trade was a 5.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction on Thursday, March 20th. The stock was 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. The trade was a 9.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,507 shares of company stock worth $1,283,528. 2.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. UBS Group upped their target price on shares of SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. 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 target price on the stock. William Blair reaffirmed an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. Finally, JMP Securities assumed coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They issued a "market outperform" rating and a $17.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $14.38.

SoFi Technologies Stock Performance

Shares of SOFI opened at $13.09 on Friday. The business's 50 day moving average is $12.20 and its two-hundred day moving average is $14.01. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The firm has a market cap of $14.47 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 2.24 and a beta of 1.84. 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 (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating 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 company had revenue of $763.81 million for the quarter, compared to analyst estimates of $739.93 million. During the same period in the prior year, the company posted $0.02 EPS. SoFi Technologies's quarterly revenue was up 32.7% on a year-over-year basis. Analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

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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