MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 24,247 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 840,102 shares of the company's stock after acquiring an additional 24,247 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.08% of SoFi Technologies worth $12,939,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Berkshire Capital Holdings Inc. lifted its position in shares of SoFi Technologies by 6,208,000.0% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company's stock valued at $9,560,000 after acquiring an additional 620,800 shares during the period. SBI Securities Co. Ltd. acquired a new position in SoFi Technologies in the fourth quarter valued at about $3,703,000. Hanseatic Management Services Inc. acquired a new stake in SoFi Technologies during the fourth quarter worth about $1,116,000. Kercheville Advisors LLC acquired a new stake in SoFi Technologies during the fourth quarter worth about $1,594,000. Finally, Baltimore Washington Financial Advisors Inc. increased its holdings in SoFi Technologies by 12.9% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 592,930 shares of the company's stock valued at $9,131,000 after buying an additional 67,779 shares during the period. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SoFi Technologies

In related news, CTO Jeremy Rishel sold 68,625 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the transaction, the chief technology officer now directly owns 655,118 shares of the company's stock, valued at $8,280,691.52. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelli Keough sold 11,181 shares of the business's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $10.71, for a total transaction of $119,748.51. Following the transaction, the executive vice president now owns 215,029 shares in the company, valued at approximately $2,302,960.59. This trade represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,172 shares of company stock valued at $1,271,115 over the last 90 days. Insiders own 2.60% of the company's stock.

SoFi Technologies Stock Down 2.3%

SoFi Technologies stock traded down $0.32 during midday trading on Tuesday, reaching $13.42. The stock had a trading volume of 15,250,999 shares, compared to its average volume of 47,468,833. The company has a market capitalization of $14.83 billion, a P/E ratio of 36.23, a PEG ratio of 2.24 and a beta of 1.84. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $18.42. The company has a fifty day moving average price of $12.11 and a two-hundred day moving average price of $13.99. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on SOFI shares. UBS Group upped their price target on shares of SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. The Goldman Sachs Group upped their target price on SoFi Technologies from $8.50 to $9.50 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. JMP Securities initiated coverage on SoFi Technologies in a research note on Friday, April 25th. They issued a "market outperform" rating and a $17.00 price target on the stock. William Blair restated an "outperform" rating on shares of SoFi Technologies in a research report on Friday, January 24th. Finally, Dbs Bank upgraded SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $14.38.

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.