Vontobel Holding Ltd. Trims Stock Holdings in SoFi Technologies, Inc. $SOFI

Vontobel Holding Ltd. lowered its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 51.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,742 shares of the company's stock after selling 76,213 shares during the period. Vontobel Holding Ltd.'s holdings in SoFi Technologies were worth $1,306,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SOFI. Nuveen LLC purchased a new position in SoFi Technologies in the first quarter valued at about $47,616,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in SoFi Technologies by 58.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,339,349 shares of the company's stock valued at $50,467,000 after purchasing an additional 1,598,721 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in SoFi Technologies by 3,703.9% in the second quarter. Valeo Financial Advisors LLC now owns 1,337,048 shares of the company's stock valued at $24,348,000 after purchasing an additional 1,301,899 shares during the last quarter. Vanguard Group Inc. boosted its holdings in SoFi Technologies by 1.1% in the first quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company's stock valued at $1,156,805,000 after purchasing an additional 1,130,250 shares during the last quarter. Finally, Sierra Summit Advisors LLC purchased a new position in SoFi Technologies in the first quarter valued at about $9,715,000. Hedge funds and other institutional investors own 38.43% of the company's stock.

Insider Buying and Selling

In other news, CTO Jeremy Rishel sold 98,733 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the sale, the chief technology officer directly owned 759,553 shares in the company, valued at approximately $20,887,707.50. This represents a 11.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 10,036 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.86, for a total value of $279,602.96. Following the sale, the executive vice president owned 285,410 shares in the company, valued at $7,951,522.60. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,614 shares of company stock worth $3,452,672 over the last quarter. Insiders own 2.60% of the company's stock.

SoFi Technologies Stock Down 7.9%

Shares of SoFi Technologies stock opened at $26.19 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57. The business's 50 day simple moving average is $25.59 and its 200-day simple moving average is $18.73. The stock has a market capitalization of $31.36 billion, a price-to-earnings ratio of 54.57, a PEG ratio of 3.11 and a beta of 1.92. SoFi Technologies, Inc. has a twelve month low of $8.60 and a twelve month high of $30.30.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. The business had revenue of $519.37 million for the quarter, compared to analysts' expectations of $801.94 million. SoFi Technologies had a return on equity of 4.44% and a net margin of 18.38%.The business's quarterly revenue was up 42.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on SOFI. Redburn Atlantic raised SoFi Technologies to a "hold" rating in a report on Friday, August 1st. JMP Securities restated a "market perform" rating and set a $17.00 price objective on shares of SoFi Technologies in a research note on Monday, July 14th. TD Cowen assumed coverage on SoFi Technologies in a research note on Friday, July 11th. They set a "hold" rating and a $21.00 price objective on the stock. Mizuho upped their price objective on SoFi Technologies from $26.00 to $31.00 and gave the company an "outperform" rating in a research note on Thursday, September 18th. Finally, Barclays upped their price objective 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. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $20.18.

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.

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