SoFi Technologies, Inc. $SOFI Shares Bought by Kercheville Advisors LLC

Key Points

• Kercheville Advisors LLC raised its stake in SoFi by 61.8%, buying 100,390 shares to hold 262,790 shares worth $6.94 million, making SOFI its 17th largest holding (2.1% of the fund).
• SoFi posted a Q3 beat with $0.11 EPS (vs. $0.09 est.) and $949.6M revenue, up 37.7% year-over-year, while several analysts raised price targets though the consensus rating remains a Hold with an average target of $25.69.
• Corporate insiders have been net sellers recently, offloading 167,813 shares (~$4.4M) in the last 90 days, leaving insiders with about 2.6% ownership of the company.

Kercheville Advisors LLC increased its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 61.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 262,790 shares of the company's stock after buying an additional 100,390 shares during the period. SoFi Technologies comprises 2.1% of Kercheville Advisors LLC's portfolio, making the stock its 17th largest holding. Kercheville Advisors LLC's holdings in SoFi Technologies were worth $6,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SOFI. SJS Investment Consulting Inc. grew its stake in SoFi Technologies by 840.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company's stock worth $30,000 after acquiring an additional 1,000 shares during the period. Salomon & Ludwin LLC acquired a new stake in shares of SoFi Technologies during the third quarter worth $29,000. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of SoFi Technologies by 46.9% during the third quarter. Bartlett & CO. Wealth Management LLC now owns 1,469 shares of the company's stock worth $39,000 after purchasing an additional 469 shares during the last quarter. Hilltop National Bank grew its position in shares of SoFi Technologies by 888.0% in the third quarter. Hilltop National Bank now owns 1,976 shares of the company's stock valued at $52,000 after purchasing an additional 1,776 shares during the period. Finally, Grove Bank & Trust increased its stake in SoFi Technologies by 151.4% in the third quarter. Grove Bank & Trust now owns 2,004 shares of the company's stock valued at $53,000 after purchasing an additional 1,207 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SOFI shares. Citigroup raised their price target on SoFi Technologies from $28.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, October 29th. Jefferies Financial Group reiterated a "buy" rating and set a $35.00 price objective on shares of SoFi Technologies in a report on Tuesday, October 28th. UBS Group raised their target price on shares of SoFi Technologies from $20.50 to $27.50 and gave the stock a "neutral" rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of SoFi Technologies from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Friday, October 24th. Finally, Needham & Company LLC upped their price target on shares of SoFi Technologies from $29.00 to $36.00 and gave the stock a "buy" rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $25.69.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 10,340 shares of the business's stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $26.43, for a total transaction of $273,286.20. Following the transaction, the executive vice president owned 265,034 shares in the company, valued at $7,004,848.62. The trade was a 3.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Arun Pinto sold 46,132 shares of the company's stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $24.76, for a total value of $1,142,228.32. Following the completion of the sale, the insider directly owned 138,396 shares of the company's stock, valued at $3,426,684.96. The trade was a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 167,813 shares of company stock worth $4,403,334. 2.60% of the stock is currently owned by corporate insiders.

SoFi Technologies Stock Up 4.9%

Shares of NASDAQ:SOFI opened at $27.46 on Monday. The stock has a 50-day simple moving average of $28.02 and a 200-day simple moving average of $25.25. The stock has a market capitalization of $33.11 billion, a P/E ratio of 50.85 and a beta of 1.92. SoFi Technologies, Inc. has a 1 year low of $8.60 and a 1 year high of $32.73. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. The firm had revenue of $949.63 million for the quarter, compared to analyst estimates of $880.33 million. During the same quarter last year, the firm posted $0.05 earnings per share. SoFi Technologies's revenue for the quarter was up 37.7% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. Equities analysts forecast 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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