UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $38.80 Million Stock Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,519,360 shares of the company's stock after buying an additional 380,218 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.23% of SoFi Technologies worth $38,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SOFI. Skandinaviska Enskilda Banken AB publ bought a new position in shares of SoFi Technologies during the 4th quarter worth approximately $27,000. Hollencrest Capital Management bought a new stake in SoFi Technologies in the 4th quarter worth approximately $31,000. IAG Wealth Partners LLC bought a new stake in SoFi Technologies in the 4th quarter worth approximately $38,000. Legacy Investment Solutions LLC increased its stake in shares of SoFi Technologies by 116.3% during the fourth quarter. Legacy Investment Solutions LLC now owns 3,244 shares of the company's stock valued at $48,000 after buying an additional 1,744 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of SoFi Technologies by 33.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company's stock valued at $68,000 after buying an additional 1,100 shares during the period. 38.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on SOFI shares. Citizens Jmp assumed coverage on SoFi Technologies in a report on Friday, April 25th. They issued an "outperform" rating and a $17.00 target price on the stock. Barclays raised their price target on SoFi Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Needham & Company LLC reissued a "buy" rating and issued a $20.00 price target on shares of SoFi Technologies in a research report on Wednesday, April 30th. Dbs Bank raised SoFi Technologies to a "strong-buy" rating in a report on Friday, February 21st. Finally, JMP Securities assumed coverage on SoFi Technologies in a research report on Friday, April 25th. They issued a "market outperform" rating and a $17.00 price target for the company. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $14.38.

SoFi Technologies Stock Performance

Shares of SOFI traded down $0.17 on Thursday, reaching $13.15. 24,636,275 shares of the stock traded hands, compared to its average volume of 48,106,092. The firm has a market cap of $14.53 billion, a price-to-earnings ratio of 35.49, a P/E/G ratio of 2.24 and a beta of 1.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. The stock's 50-day moving average price is $12.23 and its 200-day moving average price is $14.03.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.03. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. The company had revenue of $763.81 million during the quarter, compared to analyst estimates of $739.93 million. During the same period last year, the company posted $0.02 earnings per share. The firm's quarterly revenue was up 32.7% compared to the same quarter last year. Equities analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Jeremy Rishel sold 68,625 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the completion of the sale, the chief technology officer now directly owns 655,118 shares in the company, valued at $8,280,691.52. The trade was a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kelli Keough sold 11,181 shares of the company's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $10.71, for a total value of $119,748.51. Following the sale, the executive vice president now owns 215,029 shares of the company's stock, valued at approximately $2,302,960.59. The trade was a 4.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,507 shares of company stock worth $1,283,528. Insiders own 2.60% of the company's stock.

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.