Swiss National Bank Acquires 31,200 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Swiss National Bank grew its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 1.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,991,700 shares of the company’s stock after acquiring an additional 31,200 shares during the period. Swiss National Bank’s holdings in SoFi Technologies were worth $30,672,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Rakuten Securities Inc. purchased a new position in SoFi Technologies during the fourth quarter valued at $1,370,000. Hollencrest Capital Management bought a new stake in shares of SoFi Technologies during the fourth quarter valued at approximately $31,000. Wealthfront Advisers LLC increased its position in shares of SoFi Technologies by 72.5% during the fourth quarter. Wealthfront Advisers LLC now owns 179,581 shares of the company’s stock valued at $2,766,000 after acquiring an additional 75,452 shares in the last quarter. Miller Financial Services LLC bought a new position in SoFi Technologies in the 4th quarter valued at approximately $1,810,000. Finally, SPX Gestao de Recursos Ltda bought a new position in SoFi Technologies in the 4th quarter valued at approximately $1,540,000. 38.43% of the stock is owned by institutional investors.

Insider Buying and Selling at SoFi Technologies

In related news, EVP Kelli Keough sold 9,185 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $15.43, for a total value of $141,724.55. Following the completion of the transaction, the executive vice president now owns 169,626 shares of the company’s stock, valued at approximately $2,617,329.18. This trade represents a 5.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 64,991 shares of SoFi Technologies stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $15.72, for a total value of $1,021,658.52. Following the completion of the transaction, the chief technology officer now owns 586,494 shares of the company’s stock, valued at approximately $9,219,685.68. This trade represents a 9.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,004 shares of company stock worth $1,459,060. Insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Up 1.9 %

Shares of SOFI stock opened at $12.32 on Tuesday. 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 one year low of $6.01 and a one year high of $18.42. The company’s fifty day moving average price is $14.83 and its 200-day moving average price is $12.92. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 2.24 and a beta of 1.79.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating 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 last year, the company posted $0.04 earnings per share. Sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. William Blair restated an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. JPMorgan Chase & Co. boosted their target price 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. UBS Group raised their price target on SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Finally, Needham & Company LLC raised their target price on SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.50.

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.