SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC raised its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 150.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,488 shares of the company's stock after purchasing an additional 52,021 shares during the period. Integrated Wealth Concepts LLC's holdings in SoFi Technologies were worth $1,332,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in SoFi Technologies by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company's stock worth $1,514,390,000 after acquiring an additional 8,898,879 shares during the last quarter. Geode Capital Management LLC increased its position in SoFi Technologies by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company's stock valued at $276,288,000 after acquiring an additional 315,899 shares during the last quarter. Norges Bank purchased a new stake in shares of SoFi Technologies in the fourth quarter valued at $103,678,000. Charles Schwab Investment Management Inc. raised its stake in shares of SoFi Technologies by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,313,617 shares of the company's stock valued at $97,230,000 after acquiring an additional 167,780 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of SoFi Technologies by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 3,223,370 shares of the company's stock worth $49,640,000 after acquiring an additional 8,218 shares during the last quarter. 38.43% of the stock is owned by institutional investors.

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 11,181 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.72, for a total transaction of $142,222.32. Following the sale, the executive vice president now directly owns 226,210 shares in the company, valued at $2,877,391.20. This trade represents a 4.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the completion of the transaction, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at $8,280,691.52. The trade was a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,172 shares of company stock worth $1,271,115 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Dbs Bank raised shares of SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. JMP Securities started coverage on SoFi Technologies in a research note on Friday, April 25th. They set a "market outperform" rating and a $17.00 price target for the company. William Blair restated an "outperform" rating on shares of SoFi Technologies in a report on Friday, January 24th. Citigroup increased their target price on SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Finally, Barclays boosted their target price on shares of SoFi Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Wednesday. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $13.40.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI traded down $0.76 during mid-day trading on Wednesday, hitting $12.51. The stock had a trading volume of 85,781,683 shares, compared to its average volume of 46,741,751. The firm has a market cap of $13.72 billion, a PE ratio of 33.81, a PEG ratio of 2.24 and a beta of 1.86. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The company has a 50 day moving average of $12.09 and a two-hundred day moving average of $13.70. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.03. The business had revenue of $763.81 million for the quarter, compared to analyst estimates of $739.93 million. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. The company's revenue was up 32.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.02 earnings per share. Research analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

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.