SoFi Technologies, Inc. $SOFI Shares Acquired by Blair William & Co. IL

Blair William & Co. IL lifted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 443.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 335,698 shares of the company's stock after purchasing an additional 273,972 shares during the period. Blair William & Co. IL's holdings in SoFi Technologies were worth $6,113,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of SoFi Technologies by 1.1% during the first quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company's stock worth $1,156,805,000 after purchasing an additional 1,130,250 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of SoFi Technologies by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,472,726 shares of the company's stock worth $75,278,000 after purchasing an additional 159,109 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of SoFi Technologies by 58.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,339,349 shares of the company's stock worth $50,467,000 after purchasing an additional 1,598,721 shares in the last quarter. Nuveen LLC acquired a new stake in shares of SoFi Technologies during the first quarter worth about $47,616,000. Finally, Bank of New York Mellon Corp increased its position in shares of SoFi Technologies by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 3,261,225 shares of the company's stock worth $37,928,000 after purchasing an additional 37,855 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SOFI. TD Cowen began coverage on SoFi Technologies in a research report on Friday, July 11th. They issued a "hold" rating and a $21.00 price target on the stock. JMP Securities restated a "market perform" rating and issued a $17.00 price target on shares of SoFi Technologies in a research report on Monday, July 14th. Mizuho boosted their price target on SoFi Technologies from $26.00 to $31.00 and gave the company an "outperform" rating in a research report on Thursday, September 18th. JPMorgan Chase & Co. boosted their price target on SoFi Technologies from $22.00 to $24.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. Finally, Needham & Company LLC boosted their price target on SoFi Technologies from $25.00 to $29.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, SoFi Technologies has an average rating of "Hold" and an average price target of $20.18.

SoFi Technologies Price Performance

Shares of SOFI opened at $26.19 on Monday. SoFi Technologies, Inc. has a twelve month low of $8.60 and a twelve month high of $30.30. The stock's 50 day moving average is $25.59 and its two-hundred day moving average is $18.73. The firm has a market capitalization of $31.36 billion, a PE ratio of 54.57, a P/E/G ratio of 3.11 and a beta of 1.92. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The company had revenue of $519.37 million for the quarter, compared to analyst estimates of $801.94 million. During the same quarter in the previous year, the company earned $0.01 EPS. The firm's revenue for the quarter was up 42.8% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Research analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Jeremy Rishel sold 98,733 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the sale, the chief technology officer owned 759,553 shares of the company's stock, valued at $20,887,707.50. The trade was a 11.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelli Keough sold 10,036 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.86, for a total value of $279,602.96. Following the sale, the executive vice president directly owned 285,410 shares in the company, valued at $7,951,522.60. This trade represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,614 shares of company stock worth $3,452,672 in the last ninety days. 2.60% of the stock is owned by corporate insiders.

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.

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