Skandinaviska Enskilda Banken AB publ Raises Stock Position in SoFi Technologies, Inc. $SOFI

Key Points

• Skandinaviska Enskilda Banken AB publ dramatically raised its stake in SoFi by 3,514%, buying an additional 230,870 shares to hold 237,440 shares valued at about $6.27 million at the end of the quarter.
• Analysts are mixed on SOFI, with a MarketBeat consensus rating of "Hold" and an average price target of $26.34 after recent moves that include Barclays raising its target to $28 and Goldman Sachs and Needham trimming theirs.
• SoFi beat quarterly expectations (EPS $0.13 vs. $0.12; revenue $1.01B vs. $984.75M), with revenue up 39.6% year-over-year, and provided Q1 2026 and FY 2026 EPS guidance.

Skandinaviska Enskilda Banken AB publ raised its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 3,514.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,440 shares of the company's stock after purchasing an additional 230,870 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in SoFi Technologies were worth $6,272,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SJS Investment Consulting Inc. raised its position in shares of SoFi Technologies by 840.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company's stock worth $30,000 after purchasing an additional 1,000 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in shares of SoFi Technologies during the third quarter valued at approximately $29,000. Assetmark Inc. lifted its position in shares of SoFi Technologies by 50.5% in the third quarter. Assetmark Inc. now owns 1,273 shares of the company's stock valued at $34,000 after acquiring an additional 427 shares in the last quarter. Blume Capital Management Inc. lifted its position in shares of SoFi Technologies by 52.9% in the third quarter. Blume Capital Management Inc. now owns 1,300 shares of the company's stock valued at $34,000 after acquiring an additional 450 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new stake in shares of SoFi Technologies in the third quarter worth approximately $36,000. Institutional investors and hedge funds own 38.43% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on SOFI shares. Bank of America started coverage on shares of SoFi Technologies in a research note on Tuesday, January 6th. They issued an "underperform" rating and a $20.50 target price on the stock. Barclays increased their price target on SoFi Technologies from $23.00 to $28.00 and gave the company an "equal weight" rating in a report on Tuesday, January 6th. The Goldman Sachs Group reduced their price objective on SoFi Technologies from $27.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 6th. Weiss Ratings reissued a "hold (c)" rating on shares of SoFi Technologies in a research note on Thursday, January 22nd. Finally, Needham & Company LLC cut their target price on SoFi Technologies from $36.00 to $33.00 and set a "buy" rating for the company in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $26.34.

Insider Buying and Selling at SoFi Technologies

In other news, Director Steven J. Freiberg sold 94,225 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $20.31, for a total value of $1,913,709.75. Following the sale, the director directly owned 588,849 shares in the company, valued at approximately $11,959,523.19. This trade represents a 13.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eric Schuppenhauer bought 5,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were bought at an average cost of $19.93 per share, with a total value of $99,650.00. Following the completion of the purchase, the executive vice president directly owned 228,768 shares in the company, valued at $4,559,346.24. This represents a 2.23% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have sold 204,998 shares of company stock valued at $4,861,010. Insiders own 2.60% of the company's stock.

SoFi Technologies Trading Down 1.2%

SOFI opened at $19.30 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.78 and a debt-to-equity ratio of 0.17. The firm has a market cap of $23.27 billion, a P/E ratio of 50.79 and a beta of 2.13. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $32.73. The business has a fifty day simple moving average of $24.73 and a 200-day simple moving average of $26.16.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its earnings results on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $984.75 million. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.SoFi Technologies's revenue was up 39.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. On average, equities analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

About SoFi Technologies

SoFi Technologies, Inc NASDAQ: SOFI is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company's core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.

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