PFG Investments LLC Has $733,000 Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

PFG Investments LLC lessened its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 10.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 47,625 shares of the company’s stock after selling 5,420 shares during the period. PFG Investments LLC’s holdings in SoFi Technologies were worth $733,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SOFI. Capital Performance Advisors LLP bought a new position in shares of SoFi Technologies during the third quarter worth $27,000. Brooklyn Investment Group bought a new position in shares of SoFi Technologies during the third quarter worth $28,000. FNY Investment Advisers LLC boosted its position in shares of SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after purchasing an additional 1,905 shares in the last quarter. Waldron Private Wealth LLC bought a new position in shares of SoFi Technologies during the third quarter worth $39,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in shares of SoFi Technologies during the third quarter worth $47,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Stock Up 0.6 %

SoFi Technologies stock opened at $16.17 on Wednesday. The firm has a market capitalization of $17.55 billion, a PE ratio of 161.72, a P/E/G ratio of 1.19 and a beta of 1.78. The company’s 50-day moving average is $15.78 and its 200-day moving average is $11.22. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.42. 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 (NASDAQ:SOFI) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. During the same period last year, the company posted $0.04 EPS. Sell-side analysts anticipate that SoFi Technologies, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Bank of America reaffirmed an “underperform” rating and issued a $12.00 price objective on shares of SoFi Technologies in a research report on Monday, December 9th. Mizuho boosted their price objective on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. William Blair reaffirmed an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. Barclays boosted their price objective on shares of SoFi Technologies from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, UBS Group boosted their price target on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.50.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 9,590 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total value of $139,630.40. Following the transaction, the executive vice president now owns 142,613 shares in the company, valued at approximately $2,076,445.28. This represents a 6.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eric Schuppenhauer acquired 30,600 shares of the business’s stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of $16.34 per share, with a total value of $500,004.00. Following the acquisition, the executive vice president now directly owns 46,105 shares in the company, valued at approximately $753,355.70. This trade represents a 197.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 26,008,870 shares of company stock worth $416,950,073. Insiders own 2.60% of the company’s stock.

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.