Mitsubishi UFJ Asset Management Co. Ltd. Acquires New Position in SoFi Technologies, Inc. $SOFI

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,239,086 shares of the company’s stock, valued at approximately $93,937,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.41% of SoFi Technologies at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SOFI. Norges Bank purchased a new stake in shares of SoFi Technologies in the 4th quarter valued at approximately $321,515,000. State Street Corp raised its position in shares of SoFi Technologies by 30.7% during the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company’s stock valued at $642,019,000 after buying an additional 5,708,053 shares during the period. Marshall Wace LLP lifted its holdings in SoFi Technologies by 372.9% in the fourth quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock valued at $174,116,000 after acquiring an additional 5,244,291 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in SoFi Technologies in the second quarter worth approximately $72,531,000. Finally, Vanguard Group Inc. increased its stake in SoFi Technologies by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock worth $2,906,061,000 after acquiring an additional 3,900,895 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SoFi Technologies

In other news, CTO Jeremy Rishel sold 102,123 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the sale, the chief technology officer owned 895,089 shares of the company’s stock, valued at approximately $15,914,682.42. This represents a 10.24% 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Kelli Keough sold 10,954 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $17.19, for a total transaction of $188,299.26. Following the completion of the transaction, the executive vice president directly owned 367,728 shares of the company’s stock, valued at approximately $6,321,244.32. The trade was a 2.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 125,219 shares of company stock worth $2,214,948 over the last quarter. Insiders own 2.50% of the company’s stock.

Key Headlines Impacting SoFi Technologies

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

• Positive Sentiment: New bullish analyst coverage: Piper Sandler initiated coverage with an Overweight rating and a $22 price target, implying meaningful upside. Analyst Patrick Moley described SoFi as a high-growth company with a powerful product “flywheel” and argued that its expanding product base could justify a premium valuation. Piper Sandler coverage report
• Positive Sentiment: Strong product growth: SoFi’s products are reportedly growing faster than its member base, suggesting rising engagement and increased cross-selling among existing customers. This supports the investment case that SoFi can generate more revenue per member over time. SoFi products growing faster than members
• Positive Sentiment: SoFi Coach expansion: The company is using its financial-planning tool, SoFi Coach, to deepen member engagement, encourage cross-buying and strengthen its integrated financial-services ecosystem. The initiative could improve retention and long-term monetization. SoFi Coach engagement strategy
• Positive Sentiment: Favorable spending trends: SoFi’s second-quarter Debit Spend Index showed strong seasonal spending in travel and experiences, indicating continued activity among members and potential support for transaction-related revenue. SoFi Q2 Debit Spend Index
• Neutral Sentiment: Technical setup remains constructive: A reported breakout from a bullish flag could signal an end to SOFI’s six-month consolidation, although the stock still needs to clear resistance near $20.13 to confirm a larger move. SoFi technical forecast
• Negative Sentiment: Valuation and macro concerns: The bullish analyst call follows a sharp rebound, leaving investors sensitive to profit-taking and questions about whether future growth is already reflected in the valuation. Gas prices at a four-year high also create pressure on household budgets, even as travel spending remains resilient.

SoFi Technologies Price Performance

SOFI stock opened at $17.66 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $22.81 billion, a PE ratio of 36.79 and a beta of 2.17. SoFi Technologies, Inc. has a 12-month low of $14.88 and a 12-month high of $32.73. The business’s fifty day moving average price is $17.61 and its 200 day moving average price is $17.71.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company earned $0.08 EPS. SoFi Technologies’s revenue was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.61 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Citigroup decreased their price target on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Weiss Ratings raised SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Mizuho reduced their price objective on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. UBS Group decreased their target price on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Finally, Needham & Company LLC lowered their target price on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, SoFi Technologies has an average rating of “Hold” and a consensus target price of $22.42.

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.