SoFi Technologies, Inc. $SOFI Holdings Decreased by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management trimmed its stake in SoFi by 2.8% in Q4, selling 118,059 shares and holding 4,035,546 shares worth about $110.8 million (≈0.33% of the company) after the quarter.
• Several analysts have cut price targets (Barclays to $18, Wells Fargo to $18, UBS to $21, Goldman Sachs reaffirmed $17), leaving SoFi with an average "Hold" rating and an average price target of $22.72.
• Notable insider activity: CTO Jeremy Rishel sold 94,958 shares for roughly $1.66M (a ~10.16% reduction), while CEO Anthony Noto purchased 28,900 shares for about $500K, modestly increasing his stake.

Mitsubishi UFJ Asset Management Co. Ltd. lowered its stake in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,035,546 shares of the company's stock after selling 118,059 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.33% of SoFi Technologies worth $110,816,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of SoFi Technologies by 655.2% in the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company's stock worth $26,000 after acquiring an additional 878 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of SoFi Technologies during the fourth quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SoFi Technologies during the fourth quarter valued at approximately $29,000. Quaker Wealth Management LLC raised its holdings in SoFi Technologies by 2,745.2% during the fourth quarter. Quaker Wealth Management LLC now owns 1,195 shares of the company's stock worth $31,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL raised its holdings in SoFi Technologies by 693.5% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,230 shares of the company's stock worth $32,000 after purchasing an additional 1,075 shares in the last quarter. Institutional investors own 38.43% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on SOFI shares. Mizuho set a $29.00 price target on SoFi Technologies in a research note on Wednesday. Barclays dropped their price objective on SoFi Technologies from $28.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Monday, April 6th. Wells Fargo & Company decreased their target price on SoFi Technologies from $19.00 to $18.00 and set an "equal weight" rating for the company in a research note on Thursday, April 9th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $17.00 target price on shares of SoFi Technologies in a report on Thursday, April 30th. Finally, UBS Group cut their price target on shares of SoFi Technologies from $24.50 to $21.00 and set a "neutral" rating for the company in a report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, SoFi Technologies currently has an average rating of "Hold" and an average price target of $22.72.

Insider Activity

In other SoFi Technologies news, CTO Jeremy Rishel sold 94,958 shares of SoFi Technologies stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the completion of the sale, the chief technology officer owned 839,640 shares of the company's stock, valued at $14,634,925.20. This trade represents a 10.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Anthony Noto purchased 28,900 shares of the stock in a transaction dated Tuesday, March 17th. The shares were bought at an average price of $17.32 per share, for a total transaction of $500,548.00. Following the completion of the acquisition, the chief executive officer owned 11,704,352 shares in the company, valued at $202,719,376.64. This represents a 0.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 218,422 shares of company stock valued at $4,105,468 in the last three months. 2.60% of the stock is currently owned by insiders.

SoFi Technologies Stock Performance

Shares of SOFI stock opened at $16.30 on Thursday. The company has a market capitalization of $20.79 billion, a price-to-earnings ratio of 37.05 and a beta of 2.12. SoFi Technologies, Inc. has a 1-year low of $12.56 and a 1-year high of $32.73. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17. The stock's fifty day simple moving average is $17.49 and its 200-day simple moving average is $23.16.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. SoFi Technologies had a return on equity of 6.63% and a net margin of 14.65%.The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business earned $0.06 EPS. The business's revenue for the quarter was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, sell-side analysts predict that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.

SoFi Technologies Profile

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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