SBI Securities Co. Ltd. Boosts Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

SBI Securities Co. Ltd. lifted its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 93.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 466,200 shares of the company's stock after purchasing an additional 225,755 shares during the quarter. SBI Securities Co. Ltd.'s holdings in SoFi Technologies were worth $5,422,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of SOFI. Skandinaviska Enskilda Banken AB publ bought a new position in SoFi Technologies during the fourth quarter valued at approximately $27,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of SoFi Technologies in the 4th quarter valued at $32,000. Garde Capital Inc. purchased a new stake in shares of SoFi Technologies in the 1st quarter valued at $31,000. Elequin Capital LP grew its holdings in shares of SoFi Technologies by 30.1% during the 4th quarter. Elequin Capital LP now owns 2,726 shares of the company's stock valued at $42,000 after purchasing an additional 631 shares during the last quarter. Finally, Legacy Investment Solutions LLC raised its position in SoFi Technologies by 116.3% in the 4th quarter. Legacy Investment Solutions LLC now owns 3,244 shares of the company's stock worth $48,000 after purchasing an additional 1,744 shares during the period. 38.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on SOFI. UBS Group lifted their price objective on SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Stephens assumed coverage on SoFi Technologies in a research note on Thursday, June 12th. They issued an "overweight" rating and a $20.00 price target on the stock. Truist Financial assumed coverage on SoFi Technologies in a research report on Monday, June 2nd. They issued a "hold" rating and a $14.00 price objective for the company. The Goldman Sachs Group began coverage on shares of SoFi Technologies in a report on Monday. They issued a "neutral" rating and a $19.00 target price on the stock. Finally, Keefe, Bruyette & Woods upped their price target on shares of SoFi Technologies from $9.00 to $13.00 and gave the company an "underperform" rating in a report on Thursday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, SoFi Technologies presently has an average rating of "Hold" and a consensus target price of $16.41.

Insider Buying and Selling

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 sale, the executive vice president directly owned 203,509 shares of the company's stock, valued at $2,722,950.42. The trade was a 5.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Jeremy Rishel sold 66,847 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $15.55, for a total value of $1,039,470.85. Following the completion of the sale, the chief technology officer owned 724,321 shares in the company, valued at $11,263,191.55. The trade was a 8.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 274,095 shares of company stock worth $3,939,168 in the last three months. 2.60% of the stock is owned by corporate insiders.

SoFi Technologies Stock Up 0.6%

Shares of NASDAQ:SOFI traded up $0.13 during trading on Monday, hitting $21.33. The stock had a trading volume of 66,734,260 shares, compared to its average volume of 58,428,383. The company has a market capitalization of $23.58 billion, a PE ratio of 52.03, a PEG ratio of 3.57 and a beta of 1.91. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm's fifty day moving average is $15.15 and its 200 day moving average is $14.17. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $21.86.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. The business had revenue of $763.81 million during the quarter, compared to the consensus estimate of $739.93 million. SoFi Technologies had a return on equity of 3.34% and a net margin of 17.21%. The firm's quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 earnings per share. Analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

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.