SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Bought by Capital Advisors Wealth Management LLC

Capital Advisors Wealth Management LLC lifted its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 3.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 111,887 shares of the company’s stock after buying an additional 3,708 shares during the quarter. Capital Advisors Wealth Management LLC’s holdings in SoFi Technologies were worth $1,723,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SOFI. Victory Capital Management Inc. lifted its holdings in shares of SoFi Technologies by 6.9% during the second quarter. Victory Capital Management Inc. now owns 127,342 shares of the company’s stock worth $842,000 after purchasing an additional 8,267 shares during the period. Choreo LLC acquired a new stake in shares of SoFi Technologies in the 2nd quarter worth $101,000. Dimensional Fund Advisors LP boosted its holdings in shares of SoFi Technologies by 263.3% in the second quarter. Dimensional Fund Advisors LP now owns 13,083,606 shares of the company’s stock valued at $86,478,000 after acquiring an additional 9,482,683 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of SoFi Technologies during the second quarter worth about $1,720,000. Finally, Mercer Global Advisors Inc. ADV raised its holdings in SoFi Technologies by 7.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 70,401 shares of the company’s stock worth $465,000 after purchasing an additional 4,661 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,308 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $10.36, for a total transaction of $96,430.88. Following the sale, the executive vice president now directly owns 152,203 shares of the company’s stock, valued at $1,576,823.08. This trade represents a 5.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric Schuppenhauer purchased 30,600 shares of the stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of $16.34 per share, with a total value of $500,004.00. Following the completion of the acquisition, the executive vice president now owns 46,105 shares of the company’s stock, valued at approximately $753,355.70. This represents a 197.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 26,009,264 shares of company stock worth $416,889,795. 2.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Mizuho upped their price objective on SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Barclays increased their price objective on SoFi Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group boosted their target price on shares of SoFi Technologies from $7.50 to $8.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Four analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, SoFi Technologies presently has a consensus rating of “Hold” and an average price target of $11.71.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $16.30 on Friday. 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 $15.16 and its 200 day moving average price is $10.52. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $17.19. The stock has a market cap of $17.69 billion, a price-to-earnings ratio of 163.02, a PEG ratio of 0.96 and a beta of 1.78.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. The business had revenue of $697.10 million for the quarter, compared to analyst estimates of $631.59 million. During the same period in the prior year, the business earned ($0.03) earnings per share. The company’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, research analysts forecast that SoFi Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

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.