SoFi Technologies, Inc. $SOFI Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management increased its SoFi stake by 12.5% in Q2, buying 540,610 shares to total 4,879,959 shares valued at about $88.9 million (approximately a 0.44% ownership).
• SoFi beat estimates in its most recent quarter with EPS of $0.11 vs. $0.09 and revenue of $949.6M (up 37.7% YoY); management set FY2025 EPS guidance of 0.37 while analysts' consensus EPS is 0.26 and the average price target is $25.06.
• Insiders have been net sellers, disposing of 129,383 shares (~$3.51M) in the past 90 days, including CTO Jeremy Rishel (98,733 shares) and EVP Kelli Keough (10,036 shares), with insiders now owning 2.60% of the stock.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 12.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,879,959 shares of the company's stock after acquiring an additional 540,610 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.44% of SoFi Technologies worth $88,864,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SOFI. Hazlett Burt & Watson Inc. lifted its stake in shares of SoFi Technologies by 2,200.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock valued at $27,000 after purchasing an additional 2,200 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of SoFi Technologies during the 1st quarter worth about $28,000. SVB Wealth LLC purchased a new stake in SoFi Technologies in the 1st quarter valued at about $28,000. Larson Financial Group LLC lifted its position in SoFi Technologies by 127.1% in the first quarter. Larson Financial Group LLC now owns 2,714 shares of the company's stock valued at $32,000 after buying an additional 1,519 shares during the last quarter. Finally, MCF Advisors LLC boosted its stake in SoFi Technologies by 119.3% during the first quarter. MCF Advisors LLC now owns 3,072 shares of the company's stock worth $36,000 after buying an additional 1,671 shares during the period. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SoFi Technologies

In other news, CTO Jeremy Rishel sold 98,733 shares of SoFi Technologies stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $27.50, for a total value of $2,715,157.50. Following the completion of the transaction, the chief technology officer owned 759,553 shares in the company, valued at approximately $20,887,707.50. This trade represents a 11.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 10,036 shares of the business's stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $28.33, for a total value of $284,319.88. Following the transaction, the executive vice president directly owned 275,374 shares of the company's stock, valued at approximately $7,801,345.42. This represents a 3.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 129,383 shares of company stock worth $3,513,171 in the last ninety days. 2.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of SoFi Technologies from $29.00 to $31.00 and gave the company a "hold" rating in a research note on Tuesday, November 4th. UBS Group lifted their target price on shares of SoFi Technologies from $20.50 to $27.50 and gave the company a "neutral" rating in a report on Thursday, October 30th. Rothschild & Co Redburn initiated coverage on SoFi Technologies in a research report on Friday, August 1st. They issued a "neutral" rating and a $20.50 target price on the stock. Weiss Ratings restated a "hold (c)" rating on shares of SoFi Technologies in a research report on Wednesday, October 8th. Finally, Mizuho set a $38.00 price objective on SoFi Technologies in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $25.06.

SoFi Technologies Stock Performance

Shares of SOFI stock opened at $28.21 on Monday. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $32.56. The stock has a market capitalization of $33.78 billion, a PE ratio of 52.24, a P/E/G ratio of 2.75 and a beta of 1.93. The firm has a 50 day moving average of $27.64 and a two-hundred day moving average of $21.30.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. The business had revenue of $949.63 million for the quarter, compared to analyst estimates of $880.33 million. SoFi Technologies had a return on equity of 5.52% and a net margin of 19.29%.The company's revenue was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

About SoFi Technologies

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.

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.