SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by Virtu Financial LLC

Virtu Financial LLC lessened its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 57.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 89,430 shares of the company’s stock after selling 120,348 shares during the quarter. Virtu Financial LLC’s holdings in SoFi Technologies were worth $1,377,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. State Street Corp lifted its holdings in shares of SoFi Technologies by 1.7% in the third quarter. State Street Corp now owns 18,062,855 shares of the company’s stock valued at $141,974,000 after buying an additional 310,532 shares during the period. Geode Capital Management LLC lifted its holdings in shares of SoFi Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 17,619,084 shares of the company’s stock valued at $138,523,000 after buying an additional 358,806 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of SoFi Technologies by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,313,617 shares of the company’s stock valued at $97,230,000 after buying an additional 167,780 shares during the period. Azora Capital LP lifted its holdings in shares of SoFi Technologies by 8.8% in the third quarter. Azora Capital LP now owns 4,348,068 shares of the company’s stock valued at $34,176,000 after buying an additional 352,901 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of SoFi Technologies by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 3,223,370 shares of the company’s stock valued at $49,640,000 after buying an additional 8,218 shares during the period. Institutional investors and hedge funds own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SOFI shares. Citigroup upped their price objective on SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. William Blair reaffirmed an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. UBS Group upped their target price on SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Bank of America reaffirmed an “underperform” rating and set a $12.00 target price on shares of SoFi Technologies in a report on Monday, December 9th. Finally, Dbs Bank raised SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.50.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 9,185 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was 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 in the company, valued at approximately $2,617,329.18. This represents a 5.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the sale, the chief technology officer now 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 97,905 shares of company stock valued at $1,308,075 in the last three months. Insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Performance

Shares of SOFI stock opened at $12.87 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.42. The stock’s 50-day moving average is $14.67 and its two-hundred day moving average is $13.05. The firm has a market cap of $14.11 billion, a P/E ratio of 34.78, a PEG ratio of 2.24 and a beta of 1.79.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Monday, January 27th. The company reported $0.05 earnings per share 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 period last year, the company posted $0.04 EPS. Analysts predict 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.