Vanguard Group Inc. Has $1.16 Billion Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Vanguard Group Inc. grew its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 1.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 99,467,295 shares of the company's stock after buying an additional 1,130,250 shares during the period. Vanguard Group Inc. owned 9.07% of SoFi Technologies worth $1,156,805,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of SoFi Technologies during the fourth quarter worth $32,000. Hazlett Burt & Watson Inc. grew its stake in SoFi Technologies by 2,200.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 2,300 shares of the company's stock valued at $27,000 after acquiring an additional 2,200 shares during the period. Garde Capital Inc. acquired a new position in SoFi Technologies in the first quarter valued at about $31,000. Larson Financial Group LLC grew its stake 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 acquiring an additional 1,519 shares during the period. Finally, Elequin Capital LP grew its stake in SoFi Technologies by 30.1% in the fourth quarter. Elequin Capital LP now owns 2,726 shares of the company's stock valued at $42,000 after acquiring an additional 631 shares during the period. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Trading Down 3.6%

SoFi Technologies stock traded down $0.85 during trading hours on Thursday, hitting $22.96. The stock had a trading volume of 33,182,861 shares, compared to its average volume of 60,288,977. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57. The stock has a market cap of $25.37 billion, a price-to-earnings ratio of 47.84, a P/E/G ratio of 2.94 and a beta of 1.93. SoFi Technologies, Inc. has a one year low of $6.69 and a one year high of $25.11. The business's 50 day simple moving average is $19.03 and its 200-day simple moving average is $15.17.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. The business had revenue of $519.37 million during the quarter, compared to analyst estimates of $801.94 million. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%. SoFi Technologies's revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period last year, the company earned $0.01 EPS. On average, equities analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SOFI shares. Cowen started coverage on SoFi Technologies in a report on Friday, July 11th. They set a "hold" rating on the stock. UBS Group upped their target price on SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. TD Cowen initiated coverage on SoFi Technologies in a research report on Friday, July 11th. They set a "hold" rating and a $21.00 price target on the stock. Rothschild & Co Redburn initiated coverage on SoFi Technologies in a research report on Friday, August 1st. They set a "neutral" rating and a $20.50 price target on the stock. Finally, Barclays boosted their price target on SoFi Technologies from $18.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, SoFi Technologies has an average rating of "Hold" and an average price target of $18.29.

Insiders Place Their Bets

In other SoFi Technologies news, Director Magdalena Yesil sold 87,140 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $14.39, for a total transaction of $1,253,944.60. Following the completion of the sale, the director directly owned 289,258 shares in the company, valued at approximately $4,162,422.62. This trade represents a 23.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Jeremy Rishel sold 66,847 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $11,263,191.55. The trade was a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 273,181 shares of company stock worth $4,043,240. Company insiders own 2.60% of the company's stock.

SoFi Technologies Company 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.