SoFi Technologies, Inc. $SOFI Holdings Lifted by Advanced Portfolio Management LLC

Key Points

• Advanced Portfolio Management LLC boosted its SoFi Technologies stake by 266.7% in the fourth quarter, buying 40,000 more shares and bringing its total to 55,000 shares worth about $1.44 million.
• Institutional interest remains broad, with several other investors also increasing holdings; overall, hedge funds and other institutions own about 38.43% of SoFi’s stock.
• Analysts are cautious on the name: the consensus rating is “Hold,” with an average price target of $22.56, while recent insider sales included CTO Jeremy Rishel and EVP Kelli Keough reducing their positions under pre-arranged trading plans.

Advanced Portfolio Management LLC increased its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 266.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,000 shares of the company's stock after buying an additional 40,000 shares during the quarter. SoFi Technologies comprises about 4.4% of Advanced Portfolio Management LLC's investment portfolio, making the stock its 6th biggest position. Advanced Portfolio Management LLC's holdings in SoFi Technologies were worth $1,440,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in SoFi Technologies by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company's stock valued at $2,829,640,000 after purchasing an additional 6,814,727 shares in the last quarter. Firsthand Capital Management Inc. increased its holdings in SoFi Technologies by 60.0% in the 3rd quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the company's stock valued at $2,114,000 after purchasing an additional 30,000 shares in the last quarter. SG Americas Securities LLC increased its holdings in SoFi Technologies by 161.6% in the 4th quarter. SG Americas Securities LLC now owns 902,392 shares of the company's stock valued at $23,625,000 after purchasing an additional 557,390 shares in the last quarter. North Dakota State Investment Board acquired a new stake in SoFi Technologies in the 4th quarter valued at $1,044,000. Finally, Thoroughbred Financial Services LLC increased its holdings in SoFi Technologies by 212.2% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 40,140 shares of the company's stock valued at $1,060,000 after purchasing an additional 27,283 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SOFI has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $18.00 price target on shares of SoFi Technologies in a report on Thursday, April 30th. Wells Fargo & Company cut their target price on shares of SoFi Technologies from $19.00 to $18.00 and set an "equal weight" rating on the stock in a report on Thursday, April 9th. Needham & Company LLC lowered their price objective on shares of SoFi Technologies from $33.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. Keefe, Bruyette & Woods dropped their price target on SoFi Technologies from $20.00 to $17.00 and set an "underperform" rating on the stock in a report on Thursday, April 9th. Finally, Argus assumed coverage on shares of SoFi Technologies in a research report on Wednesday, April 15th. They set a "hold" rating on the stock. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, SoFi Technologies has an average rating of "Hold" and an average target price of $22.56.

Insiders Place Their Bets

In other news, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the completion of the sale, the chief technology officer owned 895,089 shares in the company, valued at $15,914,682.42. The trade was a 10.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Kelli Keough sold 10,037 shares of the company's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $15.53, for a total transaction of $155,874.61. Following the completion of the sale, the executive vice president owned 323,247 shares of the company's stock, valued at approximately $5,020,025.91. This represents a 3.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 131,644 shares of company stock valued at $2,324,185. 2.50% of the stock is currently owned by insiders.

Key Stories Impacting SoFi Technologies

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: CEO Anthony Noto bought more shares again, marking his fifth insider purchase this year and reinforcing confidence in SoFi’s long-term prospects. SoFi CEO Buys Shares for the Fifth Time This Year
• Positive Sentiment: SoFi helped open retail access to the high-profile SpaceX IPO, highlighting the company’s push to expand investing features and attract more users to its platform. SoFi (SOFI) Opened SpaceX IPO Access To Retail Investors Through Its Platform
• Positive Sentiment: Analysts and commentators pointed to SoFi’s strong customer ecosystem, record revenue, and continued GAAP profitability as signs that fundamentals remain solid despite the stock’s pullback. SoFi's Productivity Loop Strengthens Customer Relationships
• Neutral Sentiment: Articles today largely framed SoFi as a volatile fintech name that has fallen sharply from its highs, with some investors viewing the selloff as a valuation reset rather than a business deterioration. Here's What's Behind SoFi's Big Decline -- and What You Should Do About It
• Negative Sentiment: Despite the upbeat operating updates, the stock has continued to trade lower as investors weigh the broader fintech selloff and SoFi’s steep drop from its prior peak. SoFi Technologies, Inc. (SOFI) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: Some recent coverage also emphasized that SoFi has lost a large amount of market value this year, reflecting lingering skepticism about the stock’s near-term momentum. SoFi stock shows bottoming signs after suffering a $17 billion wipeout

SoFi Technologies Stock Down 1.6%

SoFi Technologies stock opened at $17.42 on Thursday. The firm has a market cap of $22.35 billion, a price-to-earnings ratio of 39.59 and a beta of 2.14. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. SoFi Technologies, Inc. has a fifty-two week low of $14.36 and a fifty-two week high of $32.73. The firm has a fifty day moving average price of $16.90 and a two-hundred day moving average price of $20.59.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting analysts' consensus estimates of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the business earned $0.06 EPS. The business's revenue was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, analysts forecast that SoFi Technologies, Inc. will post 0.59 earnings per share for the current 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.

Want to see what other hedge funds are holding SOFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.