Y Intercept Hong Kong Ltd Sells 220,887 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Y Intercept Hong Kong Ltd trimmed its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 90.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,711 shares of the company's stock after selling 220,887 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in SoFi Technologies were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC lifted its position in shares of SoFi Technologies by 727.1% in the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company's stock worth $33,000 after purchasing an additional 1,905 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in SoFi Technologies in the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in shares of SoFi Technologies during the third quarter valued at about $28,000. AdvisorNet Financial Inc raised its stake in shares of SoFi Technologies by 63.5% in the fourth quarter. AdvisorNet Financial Inc now owns 5,486 shares of the company's stock valued at $84,000 after purchasing an additional 2,130 shares in the last quarter. Finally, SOA Wealth Advisors LLC. boosted its position in shares of SoFi Technologies by 33.1% during the 4th quarter. SOA Wealth Advisors LLC. now owns 5,634 shares of the company's stock valued at $87,000 after acquiring an additional 1,400 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SOFI has been the topic of several research analyst reports. Needham & Company LLC increased their target price on SoFi Technologies from $13.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and issued a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Morgan Stanley upped their target price on SoFi Technologies from $7.50 to $13.00 and gave the stock an "underweight" rating in a report on Thursday, December 19th. UBS Group boosted their target price on SoFi Technologies from $10.50 to $14.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Finally, Mizuho boosted their price target on SoFi Technologies from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $12.50.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Eric Schuppenhauer bought 30,600 shares of the stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $16.34 per share, for a total transaction of $500,004.00. Following the purchase, the executive vice president now directly owns 46,105 shares in the company, valued at $753,355.70. This trade represents a 197.36 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 8,914 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $15.59, for a total value of $138,969.26. Following the completion of the transaction, the executive vice president now owns 187,725 shares of the company's stock, valued at approximately $2,926,632.75. This trade represents a 4.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 144,004 shares of company stock valued at $2,292,100 in the last 90 days. Corporate insiders own 2.60% of the company's stock.

SoFi Technologies Stock Performance

Shares of NASDAQ:SOFI traded down $0.07 during midday trading on Friday, reaching $12.39. The company had a trading volume of 36,419,927 shares, compared to its average volume of 45,920,656. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The company's 50 day moving average price is $15.31 and its 200 day moving average price is $12.63. The stock has a market cap of $13.58 billion, a P/E ratio of 33.50, a P/E/G ratio of 2.24 and a beta of 1.79.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same period last year, the company earned $0.04 earnings per share. As a group, sell-side analysts anticipate 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.