SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,084,871 shares of the company's stock after selling 56,803 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.38% of SoFi Technologies worth $62,907,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of SoFi Technologies during the fourth quarter valued at about $27,000. Hollencrest Capital Management purchased a new stake in shares of SoFi Technologies during the fourth quarter valued at about $31,000. IAG Wealth Partners LLC purchased a new stake in shares of SoFi Technologies during the fourth quarter valued at about $38,000. Legacy Investment Solutions LLC lifted its position in shares of SoFi Technologies by 116.3% during the fourth quarter. Legacy Investment Solutions LLC now owns 3,244 shares of the company's stock valued at $48,000 after buying an additional 1,744 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of SoFi Technologies by 33.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company's stock valued at $68,000 after buying an additional 1,100 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 11,181 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $12.72, for a total transaction of $142,222.32. Following the completion of the sale, the executive vice president now owns 226,210 shares in the company, valued at $2,877,391.20. This represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction that occurred 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 sale, the chief technology officer now owns 655,118 shares of the company's stock, valued at $8,280,691.52. This trade represents a 9.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,172 shares of company stock worth $1,271,115 over the last 90 days. 2.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SOFI shares. Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Citizens Jmp started coverage on shares of SoFi Technologies in a research report on Friday, April 25th. They issued an "outperform" rating and a $17.00 price objective for the company. The Goldman Sachs Group increased their price objective on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Barclays increased their price target on shares of SoFi Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Finally, UBS Group increased their price target on shares of SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, SoFi Technologies has an average rating of "Hold" and a consensus target price of $14.38.

SoFi Technologies Stock Down 3.4%

SOFI stock traded down $0.46 during trading on Tuesday, hitting $13.27. 54,129,121 shares of the company's stock were exchanged, compared to its average volume of 47,612,959. The business has a 50-day moving average price of $12.11 and a two-hundred day moving average price of $13.99. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 2.24 and a beta of 1.84. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 earnings per share 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 during the quarter, compared to analysts' expectations of $739.93 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. The firm's revenue for the quarter was up 32.7% on a year-over-year basis. As a group, equities research analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

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.