168,366 SoFi Technologies, Inc. $SOFI Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 32.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 358,409 shares of the company’s stock after selling 168,366 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in SoFi Technologies were worth $5,634,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of SoFi Technologies in the second quarter worth approximately $1,298,925,000. Bank of America Corp DE purchased a new position in SoFi Technologies during the 2nd quarter valued at $163,808,000. Dimensional Fund Advisors LP boosted its holdings in SoFi Technologies by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,106,532 shares of the company’s stock valued at $144,539,000 after acquiring an additional 359,785 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in SoFi Technologies in the 2nd quarter valued at $93,937,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in SoFi Technologies by 2.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,689,426 shares of the company’s stock valued at $90,348,000 after acquiring an additional 156,218 shares during the last quarter. Institutional investors own 38.43% of the company’s stock.

Analyst Ratings Changes

SOFI has been the topic of a number of recent analyst reports. Scotiabank reiterated a “sector outperform” rating and issued a $26.00 target price (up from $25.00) on shares of SoFi Technologies in a research note on Wednesday. Piper Sandler began coverage on shares of SoFi Technologies in a research note on Monday, August 17th. They set an “overweight” rating and a $22.00 target price for the company. Monness Crespi & Hardt assumed coverage on shares of SoFi Technologies in a report on Monday, October 26th. They issued a “buy” rating and a $20.00 price target on the stock. Loop Capital assumed coverage on shares of SoFi Technologies in a research note on Tuesday, September 8th. They issued a “hold” rating and a $22.00 price target on the stock. Finally, TD Cowen lifted their price objective on shares of SoFi Technologies from $17.50 to $18.00 and gave the company a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.23.

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 11,286 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $18.00, for a total value of $203,148.00. Following the completion of the sale, the executive vice president owned 356,442 shares in the company, valued at approximately $6,415,956. The trade was a 3.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $17.50, for a total transaction of $325,920.00. Following the completion of the sale, the chief technology officer directly owned 912,650 shares of the company’s stock, valued at $15,971,375. The trade was a 2.00% 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 a total of 50,316 shares of company stock worth $852,605 in the last three months. Insiders own 2.50% of the company’s stock.

SoFi Technologies Stock Performance

Shares of SoFi Technologies stock opened at $16.76 on Monday. The firm has a market cap of $21.65 billion, a P/E ratio of 30.47, a P/E/G ratio of 1.05 and a beta of 2.25. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. SoFi Technologies, Inc. has a 12 month low of $13.86 and a 12 month high of $32.73. The stock’s fifty day moving average price is $16.58 and its 200-day moving average price is $17.89.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Tuesday, October 27th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. SoFi Technologies had a return on equity of 6.89% and a net margin of 15.60%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was up 44.4% on a year-over-year basis. On average, equities research analysts expect that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

SoFi Technologies News Roundup

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

• Positive Sentiment: Strong earnings and raised outlook: SoFi reported its sixth consecutive earnings beat, with third-quarter revenue up 44% year over year to $1.37 billion and EPS of $0.18 versus the $0.17 consensus. Adjusted EBITDA reached a record $470 million, and management issued 2027 guidance above Wall Street expectations, including approximately $6.4 billion in revenue and $0.90 in EPS. SoFi Technologies: 2027 Growth Outlook Looks Underpriced
• Positive Sentiment: Improving profitability and funding economics: Expanding net interest margin, lower-cost deposits and growing fee-based businesses are strengthening SoFi’s earnings model. Analysts highlighted a 6.14% net interest margin, 17% capital ratio and favorable credit trends, including lower net charge-offs. SoFi’s $745 Million Advantage Is Hiding in Deposits
• Positive Sentiment: More bullish analyst views: Keefe, Bruyette & Woods raised its price target, while Wells Fargo forecast significant appreciation. One analyst estimated fair value of $23–$26, implying substantial upside from recent levels. SoFi Price Target Boost
• Positive Sentiment: Expansion beyond traditional lending: SoFi plans to process approximately $25 billion of card volume on stablecoin rails, while its app is adding embedded Prudential life-insurance products. These initiatives could diversify revenue and deepen member engagement. SoFi Stablecoin Card Payments
• Neutral Sentiment: Execution remains the key test: Commentators noted that previous post-earnings rallies faded, making the next several quarters important for proving that the 2027 targets are achievable. SoFi Execution Must Continue
• Negative Sentiment: Valuation and profit-taking pressure: Although forward valuation appears reasonable relative to projected EPS growth, SOFI remains a high-beta stock. Investors may be locking in gains after the earnings rally and questioning whether exceptional growth can continue, contributing to the stock’s decline despite favorable fundamentals.

SoFi Technologies Profile

SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.

SoFi’s offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.