International Assets Investment Management LLC Has $25.68 Million Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

International Assets Investment Management LLC grew its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 1,049.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 255,466 shares of the company's stock after acquiring an additional 233,241 shares during the quarter. International Assets Investment Management LLC's holdings in SoFi Technologies were worth $25,675,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairfield Bush & CO. boosted its position in shares of SoFi Technologies by 41.6% in the first quarter. Fairfield Bush & CO. now owns 16,000 shares of the company's stock worth $151,000 after buying an additional 4,700 shares during the period. Bank of New York Mellon Corp boosted its position in shares of SoFi Technologies by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 1,266,962 shares of the company's stock worth $11,973,000 after buying an additional 22,288 shares during the period. US Bancorp DE boosted its position in shares of SoFi Technologies by 197.0% in the first quarter. US Bancorp DE now owns 3,015 shares of the company's stock worth $28,000 after buying an additional 2,000 shares during the period. Panagora Asset Management Inc. purchased a new stake in shares of SoFi Technologies in the first quarter worth about $435,000. Finally, Cibc World Market Inc. boosted its position in shares of SoFi Technologies by 4.7% in the first quarter. Cibc World Market Inc. now owns 54,765 shares of the company's stock worth $518,000 after buying an additional 2,454 shares during the period. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Stock Down 4.2 %

NASDAQ SOFI traded down $0.33 on Wednesday, hitting $7.56. 53,728,948 shares of the stock traded hands, compared to its average volume of 54,970,469. The stock has a 50-day moving average of $7.81 and a 200 day moving average of $7.93. SoFi Technologies, Inc. has a twelve month low of $4.45 and a twelve month high of $11.70. The company has a market capitalization of $7.38 billion, a P/E ratio of -20.13 and a beta of 1.75. The company has a current ratio of 1.04, a quick ratio of 0.23 and a debt-to-equity ratio of 1.00.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Monday, January 29th. The company reported $0.02 earnings per share (EPS) for the quarter. SoFi Technologies had a negative return on equity of 1.23% and a negative net margin of 14.65%. The firm had revenue of $615.40 million for the quarter, compared to analysts' expectations of $572.02 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. SoFi Technologies's revenue for the quarter was up 34.7% compared to the same quarter last year. As a group, analysts expect that SoFi Technologies, Inc. will post 0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

SOFI has been the subject of several analyst reports. Needham & Company LLC initiated coverage on SoFi Technologies in a research report on Wednesday, April 3rd. They issued a "buy" rating and a $10.00 target price for the company. Keefe, Bruyette & Woods raised SoFi Technologies from an "underperform" rating to a "market perform" rating and upped their target price for the stock from $6.50 to $7.50 in a research report on Friday, April 5th. Wedbush reaffirmed an "underperform" rating and issued a $3.00 target price on shares of SoFi Technologies in a research report on Wednesday, March 6th. Mizuho decreased their target price on SoFi Technologies from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, January 18th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $6.50 price target (down previously from $7.00) on shares of SoFi Technologies in a report on Wednesday, January 31st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, SoFi Technologies has an average rating of "Hold" and a consensus price target of $9.08.

Insider Transactions at SoFi Technologies

In other news, CTO Jeremy Rishel sold 56,273 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $6.93, for a total transaction of $389,971.89. Following the sale, the chief technology officer now directly owns 390,616 shares in the company, valued at approximately $2,706,968.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.70% 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.