Vanguard Group Inc. lifted its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 1.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,467,295 shares of the company's stock after purchasing 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 quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. CMG Global Holdings LLC raised its stake in shares of SoFi Technologies by 77.8% during the 1st quarter. CMG Global Holdings LLC now owns 140,389 shares of the company's stock worth $1,728,000 after purchasing an additional 61,443 shares in the last quarter. Nicholas Wealth LLC. bought a new stake in shares of SoFi Technologies during the 1st quarter worth approximately $993,000. NorthRock Partners LLC bought a new stake in shares of SoFi Technologies during the 1st quarter worth approximately $172,000. MFG Wealth Management Inc. raised its stake in shares of SoFi Technologies by 27.7% during the 1st quarter. MFG Wealth Management Inc. now owns 156,277 shares of the company's stock worth $1,818,000 after purchasing an additional 33,887 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new stake in SoFi Technologies in the 1st quarter valued at $259,000. Institutional investors own 38.43% of the company's stock.
SoFi Technologies Stock Performance
SOFI opened at $22.10 on Monday. The firm has a market cap of $24.43 billion, a P/E ratio of 46.04, a price-to-earnings-growth ratio of 2.74 and a beta of 1.93. SoFi Technologies, Inc. has a 52-week low of $6.47 and a 52-week high of $25.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.80. The business's fifty day moving average is $18.45 and its 200-day moving average is $15.01.
SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released 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 company had revenue of $519.37 million for the quarter, compared to analyst estimates of $801.94 million. SoFi Technologies had a return on equity of 4.51% and a net margin of 18.38%. SoFi Technologies's quarterly revenue was up 42.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 EPS. Sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.
Insider Transactions at SoFi Technologies
In other news, EVP Kelli Keough sold 10,267 shares of the stock in a transaction on Friday, July 18th. The stock was sold at an average price of $21.80, for a total transaction of $223,820.60. Following the sale, the executive vice president directly owned 245,200 shares of the company's stock, valued at approximately $5,345,360. This represents a 4.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 66,847 shares of the stock in a transaction 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 directly owned 724,321 shares in the company, valued at approximately $11,263,191.55. This trade represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 273,181 shares of company stock valued at $4,043,240. 2.60% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. UBS Group increased their price target on SoFi Technologies from $14.00 to $15.50 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. TD Cowen assumed coverage on SoFi Technologies in a research note on Friday, July 11th. They issued a "hold" rating and a $21.00 price target on the stock. Cowen assumed coverage on SoFi Technologies in a research note on Friday, July 11th. They issued a "hold" rating on the stock. JMP Securities restated a "market perform" rating and issued a $17.00 price target on shares of SoFi Technologies in a research note on Monday, July 14th. Finally, Barclays increased their price target on SoFi Technologies from $18.00 to $21.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, SoFi Technologies presently has an average rating of "Hold" and a consensus target price of $18.29.
Read Our Latest Analysis on SOFI
About SoFi Technologies
(
Free Report)
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.
Further Reading
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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider SoFi Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SoFi Technologies wasn't on the list.
While SoFi Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.