Highview Capital Management LLC DE Makes New $1.15 Million Investment in SoFi Technologies, Inc. (NASDAQ:SOFI)

Highview Capital Management LLC DE purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 74,782 shares of the company's stock, valued at approximately $1,152,000.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in SoFi Technologies by 9.9% in 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 period. Two Sigma Advisers LP bought a new position in shares of SoFi Technologies in the fourth quarter worth $299,980,000. Geode Capital Management LLC grew its stake in shares of SoFi Technologies by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company's stock worth $276,288,000 after purchasing an additional 315,899 shares in the last quarter. Norges Bank acquired a new position in shares of SoFi Technologies during the fourth quarter valued at $103,678,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of SoFi Technologies by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,313,617 shares of the company's stock valued at $97,230,000 after purchasing an additional 167,780 shares in the last quarter. Institutional investors own 38.43% of the company's stock.

SoFi Technologies Trading Down 0.8%

Shares of SOFI stock traded down $0.10 during trading hours on Friday, reaching $13.09. 44,036,245 shares of the stock traded hands, compared to its average volume of 47,989,907. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $14.47 billion, a PE ratio of 35.38, a PEG ratio of 2.24 and a beta of 1.84. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $18.42. The business has a fifty day moving average price of $12.20 and a 200 day moving average price of $14.01.

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 the consensus estimate of $0.03 by $0.03. The company had revenue of $763.81 million for the quarter, compared to the consensus estimate of $739.93 million. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. The company's revenue was up 32.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 EPS. On average, equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 11,520 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $13.38, for a total transaction of $154,137.60. Following the transaction, the executive vice president now directly owns 203,509 shares of the company's stock, valued at approximately $2,722,950.42. The trade was a 5.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was 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 of the company's stock, valued at approximately $8,280,691.52. The trade was a 9.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,507 shares of company stock valued at $1,283,528. Company insiders own 2.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Barclays increased their target price 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. Citizens Jmp initiated coverage on shares of SoFi Technologies in a research note on Friday, April 25th. They set an "outperform" rating and a $17.00 price objective on the stock. Needham & Company LLC reissued a "buy" rating and set a $20.00 target price on shares of SoFi Technologies in a report on Wednesday, April 30th. Dbs Bank raised SoFi Technologies to a "strong-buy" rating in a research note on Friday, February 21st. Finally, JMP Securities started coverage on SoFi Technologies in a research note on Friday, April 25th. They issued a "market outperform" rating and a $17.00 price objective on the stock. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $14.38.

SoFi Technologies 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.