Mizuho Markets Americas LLC Has $12.35 Million Stake in SoFi Technologies, Inc. (NASDAQ:SOFI)

Mizuho Markets Americas LLC lifted its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 120.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,240,698 shares of the company's stock after buying an additional 677,000 shares during the quarter. Mizuho Markets Americas LLC owned approximately 0.13% of SoFi Technologies worth $12,345,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Brown Advisory Inc. grew its stake in SoFi Technologies by 54.1% during the 4th quarter. Brown Advisory Inc. now owns 34,979 shares of the company's stock worth $348,000 after buying an additional 12,276 shares during the last quarter. Independent Advisor Alliance grew its position in shares of SoFi Technologies by 22.5% during the fourth quarter. Independent Advisor Alliance now owns 21,542 shares of the company's stock worth $214,000 after acquiring an additional 3,963 shares during the last quarter. Level Four Advisory Services LLC increased its holdings in shares of SoFi Technologies by 40.1% in the 4th quarter. Level Four Advisory Services LLC now owns 28,064 shares of the company's stock worth $279,000 after acquiring an additional 8,039 shares during the period. Tortoise Investment Management LLC bought a new stake in SoFi Technologies in the 4th quarter valued at about $39,000. Finally, Matisse Capital boosted its stake in SoFi Technologies by 6.9% during the 4th quarter. Matisse Capital now owns 88,885 shares of the company's stock valued at $884,000 after purchasing an additional 5,765 shares during the period. 38.43% of the stock is owned by institutional investors and hedge funds.

SoFi Technologies Trading Up 2.2 %

Shares of NASDAQ SOFI traded up $0.16 during mid-day trading on Friday, hitting $7.28. 36,606,010 shares of the company traded hands, compared to its average volume of 51,980,828. The company has a quick ratio of 0.24, a current ratio of 0.93 and a debt-to-equity ratio of 0.50. SoFi Technologies, Inc. has a 1 year low of $4.91 and a 1 year high of $11.70. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of -23.48 and a beta of 1.75. The business has a 50 day moving average of $7.28 and a two-hundred day moving average of $7.84.

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

Insider Activity at SoFi Technologies

In other SoFi Technologies news, CEO Anthony Noto purchased 28,775 shares of the stock in a transaction dated Friday, May 3rd. The shares were acquired at an average price of $6.90 per share, for a total transaction of $198,547.50. Following the completion of 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other SoFi Technologies news, CTO Jeremy Rishel sold 56,273 shares of the stock in a transaction that occurred on 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 sale, 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 can be accessed through this link. Also, CEO Anthony Noto bought 28,775 shares of the firm's stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $6.90 per share, with a total value of $198,547.50. Following the purchase, the chief executive officer now directly owns 8,033,369 shares in the company, valued at $55,430,246.10. The disclosure for this purchase can be found here. 2.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SOFI has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of SoFi Technologies from $12.00 to $11.00 and set a "hold" rating on the stock in a research note on Tuesday, April 30th. Keefe, Bruyette & Woods raised SoFi Technologies from an "underperform" rating to a "market perform" rating and lifted their target price for the company from $6.50 to $7.50 in a research note on Friday, April 5th. The Goldman Sachs Group increased their price target on SoFi Technologies from $7.00 to $8.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 30th. Needham & Company LLC restated a "buy" rating and set a $10.00 price objective on shares of SoFi Technologies in a research note on Tuesday, April 30th. Finally, Wedbush reaffirmed an "underperform" rating and issued a $3.00 price objective on shares of SoFi Technologies in a report on Tuesday, April 30th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, SoFi Technologies currently has a consensus rating of "Hold" and a consensus 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.