SoFi Technologies, Inc. $SOFI Holdings Lifted by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. boosted its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 26.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 763,386 shares of the company’s stock after acquiring an additional 158,455 shares during the quarter. Baltimore Washington Financial Advisors Inc. owned about 0.07% of SoFi Technologies worth $13,901,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SOFI. Vanguard Group Inc. lifted its stake in SoFi Technologies by 0.8% during the second quarter. Vanguard Group Inc. now owns 100,287,485 shares of the company’s stock valued at $1,826,235,000 after purchasing an additional 820,190 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of SoFi Technologies by 2.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,628,309 shares of the company’s stock valued at $120,702,000 after buying an additional 155,583 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of SoFi Technologies by 12.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,879,959 shares of the company’s stock valued at $88,864,000 after buying an additional 540,610 shares in the last quarter. ARK Investment Management LLC lifted its position in shares of SoFi Technologies by 118.5% during the 2nd quarter. ARK Investment Management LLC now owns 4,424,155 shares of the company’s stock valued at $80,564,000 after acquiring an additional 2,399,746 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of SoFi Technologies during the 1st quarter worth $47,616,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

Insider Transactions at SoFi Technologies

In other news, CTO Jeremy Rishel sold 98,733 shares of the 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 transaction, the chief technology officer owned 759,553 shares of the company’s stock, valued at approximately $20,887,707.50. This represents a 11.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Arun Pinto sold 46,132 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $24.76, for a total value of $1,142,228.32. Following the completion of the transaction, the insider directly owned 138,396 shares in the company, valued at $3,426,684.96. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 175,277 shares of company stock worth $4,694,595. 2.60% of the stock is owned by corporate insiders.

SoFi Technologies Trading Up 0.6%

SoFi Technologies stock opened at $28.49 on Thursday. SoFi Technologies, Inc. has a 12 month low of $8.60 and a 12 month high of $32.73. The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. The stock has a market cap of $34.36 billion, a P/E ratio of 52.76, a P/E/G ratio of 2.76 and a beta of 1.93. The company’s fifty day simple moving average is $28.16 and its 200-day simple moving average is $22.61.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $949.63 million for the quarter, compared to the consensus estimate of $880.33 million. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. SoFi Technologies’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 EPS. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, sell-side analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Ratings Changes

SOFI has been the subject of several analyst reports. Truist Financial reduced their target price on SoFi Technologies from $31.00 to $28.00 and set a “hold” rating for the company in a report on Tuesday. The Goldman Sachs Group raised their target price on shares of SoFi Technologies from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Citigroup lifted their target price on shares of SoFi Technologies from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. upped their price target on shares of SoFi Technologies from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of SoFi Technologies in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.88.

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.