SoFi Technologies, Inc. $SOFI Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 9.0% in the 4th quarter, HoldingsChannel reports. The firm owned 23,642,936 shares of the company’s stock after purchasing an additional 1,951,248 shares during the period. Geode Capital Management LLC’s holdings in SoFi Technologies were worth $618,395,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SOFI. Vanguard Group Inc. increased its stake in shares of SoFi Technologies by 6.8% during the 3rd 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. Firsthand Capital Management Inc. increased its stake in shares of SoFi Technologies by 60.0% during the 3rd quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the company’s stock valued at $2,114,000 after acquiring an additional 30,000 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of SoFi Technologies by 161.6% during the 4th quarter. SG Americas Securities LLC now owns 902,392 shares of the company’s stock valued at $23,625,000 after acquiring an additional 557,390 shares during the last quarter. North Dakota State Investment Board acquired a new position in shares of SoFi Technologies during the 4th quarter valued at about $1,044,000. Finally, Thoroughbred Financial Services LLC increased its stake in shares of SoFi Technologies by 212.2% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 40,140 shares of the company’s stock valued at $1,060,000 after acquiring an additional 27,283 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

Analyst Ratings Changes

SOFI has been the subject of a number of research analyst reports. Barclays dropped their price objective on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. UBS Group dropped their price objective on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Citigroup dropped their price objective on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, May 4th. TD Cowen dropped their price objective on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised shares of SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Tuesday, February 3rd. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.56.

Insider Transactions at SoFi Technologies

In other news, CEO Anthony Noto bought 15,545 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was acquired at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the acquisition, the chief executive officer owned 11,946,619 shares of the company’s stock, valued at $191,145,904. This trade represents a 0.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kelli Keough sold 10,037 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $15.53, for a total value of $155,874.61. Following the sale, the executive vice president owned 323,247 shares of the company’s stock, valued at $5,020,025.91. The trade was a 3.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 124,479 shares of company stock worth $2,163,556. 2.60% of the stock is currently owned by company insiders.

SoFi Technologies News Roundup

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: SoFi launched a native stablecoin feature for banking customers, giving the company a new crypto-adjacent product and a potential driver of user activity. SoFi launches native stablecoin to all its banking customers
• Positive Sentiment: Shares are benefiting from renewed enthusiasm around fintech and technical breakout buying, with traders pointing to strong momentum after a recent double-bottom setup. SoFi Shares Surge On Stablecoin Rollout: What Investors Need To Know
• Positive Sentiment: Analysts and market commentators say SoFi’s expanding ecosystem and rapid growth in members and products reinforce the company’s long-term growth story. SoFi’s Expanding Ecosystem Highlights Strong Growth Momentum
• Positive Sentiment: Unusually heavy call-option buying suggests traders are positioning for continued upside in the near term. SoFi surges 13%: Stablecoins, short squeezes, and the return of retail
• Neutral Sentiment: Coverage also notes SoFi has had a weak year overall, so the rally may reflect a rebound from depressed levels as much as fresh fundamental news. SoFi Stock Caps Off a Huge Week. Momentum Is Back.

SoFi Technologies Stock Up 7.4%

Shares of NASDAQ:SOFI opened at $18.22 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. SoFi Technologies, Inc. has a 1 year low of $12.86 and a 1 year high of $32.73. The stock has a market capitalization of $23.37 billion, a P/E ratio of 41.41 and a beta of 2.12. The stock has a 50-day simple moving average of $16.69 and a 200-day simple moving average of $21.65.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s revenue for the quarter was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Equities analysts forecast that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

SoFi Technologies 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.