Alberta Investment Management Corp Invests $13.30 Million in SoFi Technologies, Inc. $SOFI

Alberta Investment Management Corp acquired a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFIFree Report) in the 4th quarter, Holdings Channel reports. The fund acquired 508,000 shares of the company’s stock, valued at approximately $13,299,000.

Several other institutional investors have also modified their holdings of SOFI. Norges Bank purchased a new stake in shares of SoFi Technologies during the 4th quarter worth approximately $321,515,000. Vanguard Group Inc. lifted its position 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 worth $2,829,640,000 after buying an additional 6,814,727 shares during the last quarter. State Street Corp raised its position in SoFi Technologies by 30.7% in the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company’s stock valued at $642,019,000 after purchasing an additional 5,708,053 shares during the last quarter. Marshall Wace LLP raised its position in SoFi Technologies by 372.9% in the 4th quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock valued at $174,116,000 after purchasing an additional 5,244,291 shares during the last quarter. Finally, Morgan Stanley raised its position in SoFi Technologies by 33.6% in the 4th quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock valued at $348,806,000 after purchasing an additional 3,350,258 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Up 3.3%

SOFI stock opened at $17.13 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. The company has a market cap of $21.97 billion, a price-to-earnings ratio of 38.93 and a beta of 2.14. The company has a fifty day moving average price of $16.83 and a 200 day moving average price of $20.74. SoFi Technologies, Inc. has a 12 month low of $14.23 and a 12 month high of $32.73.

SoFi Technologies (NASDAQ:SOFIGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. SoFi Technologies’s revenue was up 42.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Sell-side analysts expect that SoFi Technologies, Inc. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings downgraded shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 price target on shares of SoFi Technologies in a research report on Thursday, April 30th. Mizuho set a $29.00 price target on shares of SoFi Technologies in a research report on Wednesday, May 6th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 price target on shares of SoFi Technologies in a research report on Thursday, April 30th. Finally, Argus assumed coverage on shares of SoFi Technologies in a research report on Wednesday, April 15th. They issued a “hold” rating for the company. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and a consensus target price of $22.56.

Read Our Latest Report on SoFi Technologies

More SoFi Technologies News

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

Insider Buying and Selling at SoFi Technologies

In other news, CEO Anthony Noto acquired 15,545 shares of the company’s stock in a transaction on Monday, May 11th. The shares were bought at an average cost of $16.00 per share, with a total value of $248,720.00. Following the purchase, the chief executive officer owned 11,946,619 shares of the company’s stock, valued at $191,145,904. This represents a 0.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kelli Keough sold 10,037 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $15.53, for a total transaction of $155,874.61. Following the completion of the transaction, the executive vice president directly owned 323,247 shares in the company, valued at $5,020,025.91. This represents a 3.01% decrease in their ownership of the stock. 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 three months, insiders have sold 124,479 shares of company stock valued at $2,163,556. 2.50% of the stock is owned by company insiders.

SoFi Technologies Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SOFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SoFi Technologies, Inc. (NASDAQ:SOFIFree Report).

Institutional Ownership by Quarter for SoFi Technologies (NASDAQ:SOFI)

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