Parkside Investments LLC Decreases Stock Holdings in SoFi Technologies, Inc. $SOFI

Parkside Investments LLC lowered its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 30.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 299,540 shares of the company’s stock after selling 132,505 shares during the period. Parkside Investments LLC’s holdings in SoFi Technologies were worth $7,914,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of SoFi Technologies by 6.8% during the third quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock valued at $2,829,640,000 after acquiring an additional 6,814,727 shares during the last quarter. Norges Bank purchased a new position in SoFi Technologies during the 2nd quarter valued at about $164,068,000. Marshall Wace LLP raised its position in SoFi Technologies by 88.2% during the 2nd quarter. Marshall Wace LLP now owns 7,997,146 shares of the company’s stock valued at $145,628,000 after purchasing an additional 3,748,817 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of SoFi Technologies by 2.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,628,309 shares of the company’s stock worth $120,702,000 after buying an additional 155,583 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of SoFi Technologies by 87.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,361,809 shares of the company’s stock worth $168,079,000 after buying an additional 2,961,849 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Insider Activity

In other SoFi Technologies news, Director Steven J. Freiberg sold 94,225 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $20.31, for a total transaction of $1,913,709.75. Following the completion of the sale, the director directly owned 588,849 shares in the company, valued at approximately $11,959,523.19. This trade represents a 13.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric Schuppenhauer bought 5,000 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was purchased at an average price of $19.93 per share, for a total transaction of $99,650.00. Following the purchase, the executive vice president owned 228,768 shares of the company’s stock, valued at approximately $4,559,346.24. This represents a 2.23% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders sold 214,753 shares of company stock valued at $5,045,087. 2.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Bank of America started coverage on SoFi Technologies in a report on Tuesday, January 6th. They set an “underperform” rating and a $20.50 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of SoFi Technologies in a research report on Thursday, January 22nd. Citizens Jmp raised shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Monday, February 9th. Needham & Company LLC cut their target price on shares of SoFi Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Finally, UBS Group set a $24.50 price target on shares of SoFi Technologies in a research report on Monday, February 2nd. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, SoFi Technologies currently has an average rating of “Hold” and an average price target of $26.34.

SoFi Technologies Stock Performance

Shares of SoFi Technologies stock opened at $18.66 on Wednesday. SoFi Technologies, Inc. has a 12 month low of $8.60 and a 12 month high of $32.73. The firm has a market capitalization of $22.50 billion, a P/E ratio of 49.11 and a beta of 2.13. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $24.25 and a two-hundred day simple moving average of $26.15.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $984.75 million. SoFi Technologies had a net margin of 13.34% and a return on equity of 5.88%. The company’s revenue was up 39.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. On average, equities analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

SoFi Technologies Company Profile

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.