Voya Investment Management LLC Grows Stock Holdings in SoFi Technologies, Inc. $SOFI

Voya Investment Management LLC lifted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 184,665 shares of the company’s stock after purchasing an additional 2,186 shares during the period. Voya Investment Management LLC’s holdings in SoFi Technologies were worth $2,148,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of SoFi Technologies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company’s stock worth $1,156,805,000 after purchasing an additional 1,130,250 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of SoFi Technologies by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,472,726 shares of the company’s stock worth $75,278,000 after purchasing an additional 159,109 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of SoFi Technologies by 58.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,339,349 shares of the company’s stock worth $50,467,000 after purchasing an additional 1,598,721 shares during the last quarter. Nuveen LLC purchased a new stake in shares of SoFi Technologies during the 1st quarter worth $47,616,000. Finally, Bank of New York Mellon Corp lifted its position in shares of SoFi Technologies by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 3,261,225 shares of the company’s stock worth $37,928,000 after purchasing an additional 37,855 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 10,036 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $27.86, for a total transaction of $279,602.96. Following the sale, the executive vice president owned 285,410 shares of the company’s stock, valued at approximately $7,951,522.60. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Jeremy Rishel sold 98,733 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the sale, the chief technology officer directly owned 759,553 shares in the company, valued at approximately $20,887,707.50. This represents a 11.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,614 shares of company stock worth $3,452,672. 2.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on SOFI shares. JPMorgan Chase & Co. lifted their price target on shares of SoFi Technologies from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. Citigroup lifted their price target on shares of SoFi Technologies from $18.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Redburn Atlantic upgraded shares of SoFi Technologies to a “hold” rating in a research note on Friday, August 1st. Citizens Jmp lowered shares of SoFi Technologies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 14th. Finally, Truist Financial set a $23.00 price target on shares of SoFi Technologies in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and an average price target of $19.88.

SoFi Technologies Stock Up 5.0%

SOFI stock opened at $29.51 on Monday. The company has a market cap of $35.34 billion, a P/E ratio of 61.48, a P/E/G ratio of 3.51 and a beta of 1.93. SoFi Technologies, Inc. has a 52 week low of $7.57 and a 52 week high of $29.63. The company’s 50-day moving average price is $23.82 and its 200 day moving average price is $17.15. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.57.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $519.37 million for the quarter, compared to the consensus estimate of $801.94 million. SoFi Technologies had a net margin of 18.38% and a return on equity of 4.44%. The firm’s revenue was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.310-0.310 EPS. On average, research analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

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.