SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by LM Advisors LLC

LM Advisors LLC reduced its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 3.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 127,805 shares of the company’s stock after selling 4,700 shares during the quarter. LM Advisors LLC’s holdings in SoFi Technologies were worth $1,968,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of SOFI. Vanguard Group Inc. grew its holdings in SoFi Technologies by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company’s stock valued at $1,514,390,000 after purchasing an additional 8,898,879 shares during the period. Amundi lifted its position in shares of SoFi Technologies by 58,176.3% during the 4th quarter. Amundi now owns 2,705,185 shares of the company’s stock valued at $39,360,000 after buying an additional 2,700,543 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in SoFi Technologies in the 3rd quarter valued at $16,014,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in SoFi Technologies by 123.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,740,628 shares of the company’s stock worth $40,671,000 after acquiring an additional 1,512,326 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in SoFi Technologies during the fourth quarter valued at $14,479,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Price Performance

Shares of NASDAQ:SOFI opened at $13.07 on Thursday. The business has a fifty day simple moving average of $14.60 and a 200-day simple moving average of $13.14. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. The company has a market cap of $14.33 billion, a P/E ratio of 35.32, a P/E/G ratio of 2.24 and a beta of 1.79. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data 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 quarter in the prior year, the business posted $0.04 earnings per share. Equities research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Bank of America reiterated an “underperform” rating and set a $12.00 price objective on shares of SoFi Technologies in a research note on Monday, December 9th. The Goldman Sachs Group increased their price objective on SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. William Blair restated an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. Needham & Company LLC raised their target price on SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Finally, Morgan Stanley lifted their price target on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research report on Thursday, December 19th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and an average price target of $12.50.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 9,185 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $15.43, for a total transaction of $141,724.55. Following the completion of the sale, the executive vice president now owns 169,626 shares of the company’s stock, valued at approximately $2,617,329.18. This represents a 5.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the company’s 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 of the company’s stock, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,905 shares of company stock worth $1,308,075 in the last three months. 2.60% of the stock is currently owned by company insiders.

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.