Berkshire Capital Holdings Inc. Acquires 620,800 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Berkshire Capital Holdings Inc. grew its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 6,208,000.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 620,810 shares of the company’s stock after purchasing an additional 620,800 shares during the period. SoFi Technologies comprises about 3.5% of Berkshire Capital Holdings Inc.’s holdings, making the stock its 12th largest holding. Berkshire Capital Holdings Inc. owned approximately 0.06% of SoFi Technologies worth $9,560,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas purchased a new position in SoFi Technologies during the 4th quarter valued at about $2,800,000. Harvest Fund Management Co. Ltd bought a new position in shares of SoFi Technologies during the 4th quarter valued at $1,095,000. Xponance Inc. lifted its holdings in shares of SoFi Technologies by 19.3% during the 4th quarter. Xponance Inc. now owns 64,541 shares of the company’s stock valued at $994,000 after buying an additional 10,444 shares during the period. Harbour Investments Inc. increased its stake in shares of SoFi Technologies by 9.7% in the 4th quarter. Harbour Investments Inc. now owns 68,117 shares of the company’s stock worth $1,049,000 after purchasing an additional 6,018 shares in the last quarter. Finally, one8zero8 LLC purchased a new stake in shares of SoFi Technologies in the 4th quarter worth $340,000. Institutional investors own 38.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SOFI. Needham & Company LLC raised their price objective on SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Citigroup raised their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Dbs Bank raised shares of SoFi Technologies to a “strong-buy” rating in a research note on Friday, February 21st. The Goldman Sachs Group lifted 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. Finally, Bank of America reissued an “underperform” rating and set a $12.00 price objective on shares of SoFi Technologies in a report on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.50.

Insider Buying and Selling

In other news, EVP Kelli Keough sold 8,914 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total value of $138,969.26. Following the completion of the transaction, the executive vice president now directly owns 187,725 shares in the company, valued at approximately $2,926,632.75. This represents a 4.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 27,013 shares of company stock valued at $437,402. Insiders own 2.60% of the company’s stock.

SoFi Technologies Trading Up 6.5 %

NASDAQ SOFI opened at $12.73 on Thursday. The firm has a market cap of $13.96 billion, a PE ratio of 34.41, a P/E/G ratio of 2.24 and a beta of 1.79. The firm’s fifty day moving average is $14.73 and its two-hundred day moving average is $12.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $18.42.

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 net margin of 18.64% and a return on equity of 3.82%. During the same quarter in the prior year, the company earned $0.04 EPS. Analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current 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.