Soltis Investment Advisors LLC Sells 72,372 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Soltis Investment Advisors LLC lessened its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 62.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,880 shares of the company’s stock after selling 72,372 shares during the period. Soltis Investment Advisors LLC’s holdings in SoFi Technologies were worth $676,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SOFI. AQR Capital Management LLC lifted its stake in SoFi Technologies by 58.8% in the second quarter. AQR Capital Management LLC now owns 115,186 shares of the company’s stock valued at $756,000 after acquiring an additional 42,660 shares during the last quarter. Sanctuary Advisors LLC bought a new position in SoFi Technologies during the second quarter worth about $731,000. Park Avenue Securities LLC increased its position in SoFi Technologies by 45.1% during the third quarter. Park Avenue Securities LLC now owns 14,782 shares of the company’s stock worth $116,000 after acquiring an additional 4,592 shares during the period. CWM LLC increased its position in SoFi Technologies by 93.0% during the third quarter. CWM LLC now owns 98,956 shares of the company’s stock worth $778,000 after acquiring an additional 47,672 shares during the period. Finally, Wedmont Private Capital bought a new position in SoFi Technologies in the 3rd quarter valued at about $123,000. Institutional investors own 38.43% of the company’s stock.

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 8,914 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total value of $156,708.12. Following the completion of the transaction, the executive vice president now directly owns 178,811 shares in the company, valued at $3,143,497.38. This trade represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Jeremy Rishel sold 64,991 shares of SoFi Technologies stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $15.72, for a total value of $1,021,658.52. Following the transaction, the chief technology officer now owns 586,494 shares of the company’s stock, valued at approximately $9,219,685.68. This represents a 9.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,008,870 shares of company stock valued at $416,950,073. 2.60% of the stock is currently owned by corporate insiders.

SoFi Technologies Trading Up 1.5 %

Shares of NASDAQ:SOFI opened at $15.13 on Tuesday. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $18.42. 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 has a market cap of $16.42 billion, a PE ratio of 40.89, a price-to-earnings-growth ratio of 2.04 and a beta of 1.77. The stock has a 50 day moving average of $15.75 and a 200 day moving average of $11.72.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the business posted $0.04 EPS. As a group, equities research analysts expect that SoFi Technologies, Inc. will post 0.27 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SOFI. The Goldman Sachs Group raised their price target on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. JPMorgan Chase & Co. lifted their price objective on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Morgan Stanley boosted their price target on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, December 19th. Finally, Bank of America reaffirmed an “underperform” rating and set a $12.00 price objective on shares of SoFi Technologies in a report on Monday, December 9th. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and an average price target of $12.50.

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.