SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Bought by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. increased its position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 241.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,896,692 shares of the company's stock after acquiring an additional 2,755,197 shares during the period. Nikko Asset Management Americas Inc. owned approximately 0.41% of SoFi Technologies worth $38,733,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of SoFi Technologies by 3.5% in the third quarter. Vanguard Group Inc. now owns 76,402,753 shares of the company's stock valued at $610,458,000 after purchasing an additional 2,567,797 shares during the last quarter. Baltimore Washington Financial Advisors Inc. increased its position in SoFi Technologies by 18.0% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 390,098 shares of the company's stock worth $3,117,000 after buying an additional 59,412 shares in the last quarter. Hartline Investment Corp raised its holdings in shares of SoFi Technologies by 3.4% in the third quarter. Hartline Investment Corp now owns 865,756 shares of the company's stock worth $6,917,000 after acquiring an additional 28,115 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of SoFi Technologies by 15.3% in the third quarter. Victory Capital Management Inc. now owns 96,052 shares of the company's stock valued at $767,000 after acquiring an additional 12,741 shares in the last quarter. Finally, Harbour Investments Inc. boosted its stake in shares of SoFi Technologies by 6.9% during the third quarter. Harbour Investments Inc. now owns 57,640 shares of the company's stock valued at $461,000 after acquiring an additional 3,727 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SoFi Technologies

In related news, CEO Anthony Noto purchased 28,775 shares of the company's stock in a transaction dated Friday, May 3rd. The shares were acquired at an average cost of $6.90 per share, for a total transaction of $198,547.50. Following the transaction, the chief executive officer now owns 8,033,369 shares of the company's stock, valued at $55,430,246.10. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other SoFi Technologies news, CTO Jeremy Rishel sold 56,273 shares of the company's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $6.93, for a total value of $389,971.89. Following the completion of the transaction, the chief technology officer now owns 390,616 shares in the company, valued at approximately $2,706,968.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Anthony Noto purchased 28,775 shares of the business's stock in a transaction dated Friday, May 3rd. The shares were acquired at an average cost of $6.90 per share, for a total transaction of $198,547.50. Following the acquisition, the chief executive officer now owns 8,033,369 shares of the company's stock, valued at approximately $55,430,246.10. The disclosure for this purchase can be found here. 2.60% of the stock is owned by corporate insiders.

SoFi Technologies Stock Up 2.2 %

SoFi Technologies stock traded up $0.16 during midday trading on Friday, hitting $7.28. 36,542,132 shares of the company were exchanged, compared to its average volume of 52,777,371. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.93 and a quick ratio of 0.24. SoFi Technologies, Inc. has a fifty-two week low of $4.91 and a fifty-two week high of $11.70. The company's fifty day moving average price is $7.29 and its 200-day moving average price is $7.83. The company has a market cap of $7.11 billion, a PE ratio of -23.48 and a beta of 1.75.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last issued its quarterly earnings results on Monday, April 29th. The company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. SoFi Technologies had a positive return on equity of 1.10% and a negative net margin of 8.21%. The firm had revenue of $580.60 million during the quarter, compared to the consensus estimate of $555.27 million. During the same quarter in the prior year, the business posted ($0.05) earnings per share. SoFi Technologies's revenue for the quarter was up 26.2% on a year-over-year basis. On average, research analysts predict that SoFi Technologies, Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of SoFi Technologies from $12.00 to $11.00 and set a "hold" rating on the stock in a report on Tuesday, April 30th. The Goldman Sachs Group raised their target price on shares of SoFi Technologies from $7.00 to $8.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 30th. Jefferies Financial Group reduced their price target on SoFi Technologies from $15.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, March 26th. Wedbush reaffirmed an "underperform" rating and issued a $3.00 price objective on shares of SoFi Technologies in a research report on Tuesday, April 30th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $10.00 target price on shares of SoFi Technologies in a research report on Tuesday, April 30th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $9.08.

About SoFi Technologies

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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