AQR Capital Management LLC Sells 26,328 Shares of SoFi Technologies, Inc. $SOFI

AQR Capital Management LLC lessened its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 4.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 609,266 shares of the company's stock after selling 26,328 shares during the quarter. AQR Capital Management LLC owned approximately 0.06% of SoFi Technologies worth $6,897,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. raised its holdings in SoFi Technologies by 2,200.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock worth $27,000 after purchasing an additional 2,200 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of SoFi Technologies in the 1st quarter worth about $28,000. SVB Wealth LLC bought a new position in shares of SoFi Technologies in the 1st quarter worth about $28,000. Garde Capital Inc. bought a new position in shares of SoFi Technologies in the 1st quarter worth about $31,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in SoFi Technologies during the 4th quarter valued at about $32,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Mizuho set a $26.00 target price on shares of SoFi Technologies and gave the company an "outperform" rating in a research note on Thursday, July 31st. Cowen started coverage on SoFi Technologies in a research report on Friday, July 11th. They set a "hold" rating for the company. Barclays lifted their price objective on SoFi Technologies from $18.00 to $21.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Keefe, Bruyette & Woods increased their target price on SoFi Technologies from $13.00 to $14.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 5th. Finally, JPMorgan Chase & Co. lifted their price target on SoFi Technologies from $22.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, SoFi Technologies has an average rating of "Hold" and an average target price of $19.59.

SoFi Technologies Trading Up 1.7%

SoFi Technologies stock opened at $25.96 on Friday. SoFi Technologies, Inc. has a one year low of $7.24 and a one year high of $26.85. The business's fifty day moving average is $22.89 and its 200 day moving average is $16.52. The stock has a market capitalization of $31.09 billion, a PE ratio of 54.08, a price-to-earnings-growth ratio of 3.02 and a beta of 1.93. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.80 and a quick ratio of 0.14.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The business had revenue of $519.37 million for the quarter, compared to analysts' expectations of $801.94 million. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The business's revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 EPS. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, sell-side analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 66,847 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $15.55, for a total value of $1,039,470.85. Following the sale, the chief technology officer owned 724,321 shares in the company, valued at approximately $11,263,191.55. This trade represents a 8.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 10,578 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total transaction of $234,091.14. Following the completion of the sale, the executive vice president directly owned 234,622 shares of the company's stock, valued at approximately $5,192,184.86. This trade represents a 4.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,959 shares of company stock worth $1,653,646. 2.60% of the stock is owned by insiders.

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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