SoFi Technologies, Inc. $SOFI is Rakuten Securities Inc.’s 2nd Largest Position

Rakuten Securities Inc. reduced its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 13.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 751,921 shares of the company’s stock after selling 114,575 shares during the quarter. SoFi Technologies accounts for 6.4% of Rakuten Securities Inc.’s investment portfolio, making the stock its 2nd largest holding. Rakuten Securities Inc.’s holdings in SoFi Technologies were worth $19,685,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Riggs Asset Managment Co. Inc. increased its position in shares of SoFi Technologies by 5.0% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 144,732 shares of the company’s stock worth $3,789,000 after purchasing an additional 6,887 shares during the last quarter. Arizona State Retirement System raised its stake in SoFi Technologies by 0.3% in the fourth quarter. Arizona State Retirement System now owns 328,841 shares of the company’s stock valued at $8,609,000 after purchasing an additional 1,112 shares in the last quarter. Legacy Capital Group California Inc. bought a new stake in SoFi Technologies during the fourth quarter valued at approximately $1,347,000. A&I Financial Services LLC bought a new stake in SoFi Technologies during the fourth quarter valued at approximately $262,000. Finally, West Michigan Advisors LLC grew its stake in SoFi Technologies by 18.0% in the 4th quarter. West Michigan Advisors LLC now owns 17,466 shares of the company’s stock worth $457,000 after buying an additional 2,663 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

SOFI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised shares of SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a report on Tuesday, February 3rd. UBS Group set a $24.50 target price on shares of SoFi Technologies in a research report on Monday, February 2nd. Barclays reduced their target price on SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Needham & Company LLC dropped their price target on SoFi Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Finally, Truist Financial cut their price objective on SoFi Technologies from $28.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.85.

SoFi Technologies Stock Performance

Shares of SOFI stock opened at $18.32 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78. SoFi Technologies, Inc. has a fifty-two week low of $11.76 and a fifty-two week high of $32.73. The stock has a 50 day moving average price of $17.80 and a two-hundred day moving average price of $23.73. The company has a market capitalization of $23.36 billion, a P/E ratio of 48.21 and a beta of 2.24.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $984.75 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. The business’s quarterly revenue was up 39.6% compared to the same quarter last year. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. Analysts expect that SoFi Technologies, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In other news, CTO Jeremy Rishel sold 94,958 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the completion of the transaction, the chief technology officer directly owned 839,640 shares of the company’s stock, valued at approximately $14,634,925.20. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven J. Freiberg sold 94,225 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $20.31, for a total transaction of $1,913,709.75. Following the transaction, the director directly owned 588,849 shares of the company’s stock, valued at approximately $11,959,523.19. This trade represents a 13.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have bought 38,900 shares of company stock worth $705,398 and have sold 218,422 shares worth $4,105,468. 2.60% of the stock is currently owned by corporate insiders.

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.