Handelsbanken Fonder AB Grows Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Handelsbanken Fonder AB raised its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 252,100 shares of the company's stock after purchasing an additional 25,500 shares during the quarter. Handelsbanken Fonder AB's holdings in SoFi Technologies were worth $3,882,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC grew its position in SoFi Technologies by 727.1% in the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock valued at $33,000 after acquiring an additional 1,905 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in SoFi Technologies during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in SoFi Technologies in the 3rd quarter valued at approximately $28,000. AdvisorNet Financial Inc boosted its position in SoFi Technologies by 63.5% in the fourth quarter. AdvisorNet Financial Inc now owns 5,486 shares of the company's stock valued at $84,000 after buying an additional 2,130 shares in the last quarter. Finally, SOA Wealth Advisors LLC. grew its stake in shares of SoFi Technologies by 33.1% during the fourth quarter. SOA Wealth Advisors LLC. now owns 5,634 shares of the company's stock worth $87,000 after buying an additional 1,400 shares during the last quarter. Institutional investors own 38.43% of the company's stock.

Insider Transactions at SoFi Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $16.03, for a total value of $386,417,705.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kelli Keough sold 9,185 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total value of $141,724.55. Following the completion of the sale, the executive vice president now directly owns 169,626 shares of the company's stock, valued at approximately $2,617,329.18. This trade represents a 5.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,008,465 shares of company stock valued at $416,952,167 over the last ninety days. 2.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods reissued an "underperform" rating and set a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. JPMorgan Chase & Co. boosted their price target on SoFi Technologies from $9.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, December 2nd. Barclays raised their price objective on shares of SoFi Technologies from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Mizuho boosted their target price on shares of SoFi Technologies from $14.00 to $16.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Finally, Bank of America reaffirmed an "underperform" rating and set a $12.00 price target on shares of SoFi Technologies in a research note on Monday, December 9th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $12.50.

SoFi Technologies Stock Down 2.8 %

NASDAQ SOFI traded down $0.40 on Thursday, hitting $14.07. 41,240,195 shares of the company were exchanged, compared to its average volume of 45,249,273. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The company has a market cap of $15.27 billion, a PE ratio of 38.03, a PEG ratio of 2.24 and a beta of 1.78. The stock has a fifty day moving average of $15.58 and a 200-day moving average of $12.39.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same period in the prior year, the firm posted $0.04 earnings per share. As a group, analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

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.