UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $31.70 Million Stock Holdings in SoFi Technologies, Inc. $SOFI

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,725,268 shares of the company's stock after purchasing an additional 205,908 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.25% of SoFi Technologies worth $31,695,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of SoFi Technologies by 1.1% in the first quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company's stock worth $1,156,805,000 after acquiring an additional 1,130,250 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in SoFi Technologies during the fourth quarter worth $299,980,000. Charles Schwab Investment Management Inc. boosted its stake in 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 buying an additional 159,109 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in SoFi Technologies during the fourth quarter worth $75,139,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in 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 buying an additional 1,598,721 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company's stock.

SoFi Technologies Price Performance

SoFi Technologies stock opened at $27.67 on Tuesday. The firm has a market capitalization of $33.13 billion, a P/E ratio of 57.65, a PEG ratio of 3.14 and a beta of 1.93. SoFi Technologies, Inc. has a 1 year low of $7.57 and a 1 year high of $27.77. The business has a 50-day moving average of $23.22 and a 200-day moving average of $16.73. 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 issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The business had revenue of $519.37 million during the quarter, compared to analyst estimates of $801.94 million. During the same period in the previous year, the firm earned $0.01 EPS. SoFi Technologies's quarterly revenue 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. On average, equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of SoFi Technologies from $22.00 to $24.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Rothschild & Co Redburn began coverage on SoFi Technologies in a report on Friday, August 1st. They set a "neutral" rating and a $20.50 price objective for the company. Stephens began coverage on SoFi Technologies in a report on Thursday, June 12th. They set an "overweight" rating and a $20.00 price objective for the company. The Goldman Sachs Group began coverage on SoFi Technologies in a report on Monday, July 14th. They set a "neutral" rating and a $19.00 price objective for the company. Finally, Needham & Company LLC lifted their price objective on SoFi Technologies from $25.00 to $29.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $19.59.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 66,847 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $15.55, for a total value of $1,039,470.85. Following the sale, the chief technology officer owned 724,321 shares in the company, valued at approximately $11,263,191.55. The trade was a 8.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kelli Keough sold 10,578 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $22.13, for a total value of $234,091.14. Following the sale, the executive vice president owned 234,622 shares in the company, valued at approximately $5,192,184.86. This represents a 4.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,959 shares of company stock worth $1,653,646 in the last 90 days. Company 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.

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