Stifel Financial Corp Decreases Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Stifel Financial Corp trimmed its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 33.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,546 shares of the company's stock after selling 31,647 shares during the period. Stifel Financial Corp's holdings in SoFi Technologies were worth $963,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other SoFi Technologies news, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the sale, the chief technology officer now directly owns 655,118 shares in the company, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 11,181 shares of the firm's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $10.71, for a total value of $119,748.51. Following the completion of 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 worth $1,271,115 in the last ninety days. 2.60% of the stock is owned by insiders.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI traded down $0.08 during mid-day trading on Friday, hitting $13.18. The company had a trading volume of 53,113,102 shares, compared to its average volume of 47,081,362. 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, Inc. has a 1 year low of $6.01 and a 1 year high of $18.42. The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of 35.62, a P/E/G ratio of 2.24 and a beta of 1.84. The stock's 50-day moving average price is $11.89 and its 200-day moving average price is $13.85.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released 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. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. The firm had revenue of $763.81 million for the quarter, compared to analysts' expectations of $739.93 million. During the same quarter last year, the firm posted $0.02 EPS. The company's revenue was up 32.7% compared to the same quarter last year. On average, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SOFI shares. Barclays upped their price objective on SoFi Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Dbs Bank upgraded shares of SoFi Technologies to a "strong-buy" rating in a research report on Friday, February 21st. JMP Securities started 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. UBS Group raised their target price on SoFi Technologies from $14.00 to $15.50 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Finally, Citigroup raised their price target on SoFi Technologies from $12.50 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $14.38.

SoFi Technologies 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.