Mediolanum International Funds Ltd Has $1.73 Million Position in SoFi Technologies, Inc. $SOFI

Mediolanum International Funds Ltd reduced its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 70.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,405 shares of the company’s stock after selling 275,149 shares during the period. Mediolanum International Funds Ltd’s holdings in SoFi Technologies were worth $1,733,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. SG Americas Securities LLC lifted its holdings in shares of SoFi Technologies by 161.6% during the 4th quarter. SG Americas Securities LLC now owns 902,392 shares of the company’s stock valued at $23,625,000 after buying an additional 557,390 shares during the last quarter. Vanguard Group Inc. increased its holdings in SoFi Technologies by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock worth $2,906,061,000 after buying an additional 3,900,895 shares during the last quarter. North Dakota State Investment Board bought a new position in SoFi Technologies during the fourth quarter valued at approximately $1,044,000. Brighton Jones LLC raised its position in SoFi Technologies by 2.0% during the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after acquiring an additional 14,281 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in SoFi Technologies in the fourth quarter valued at approximately $926,000. 38.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Anthony Noto purchased 15,545 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $16.00 per share, for a total transaction of $248,720.00. Following the completion of the acquisition, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at approximately $191,145,904. The trade was a 0.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 102,123 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total value of $1,815,746.94. Following the completion of the sale, the chief technology officer directly owned 895,089 shares in the company, valued at approximately $15,914,682.42. This represents a 10.24% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 124,302 shares of company stock worth $2,182,523 in the last quarter. 2.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SOFI has been the subject of several recent research reports. Citigroup decreased their target price on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, May 4th. TD Cowen reduced their price objective on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Barclays decreased their price objective on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 target price on shares of SoFi Technologies in a research report on Thursday, April 30th. Finally, Wells Fargo & Company cut their target price on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and a consensus target price of $22.78.

SoFi Technologies Trading Up 3.7%

Shares of SOFI stock opened at $17.64 on Wednesday. SoFi Technologies, Inc. has a 12 month low of $14.92 and a 12 month high of $32.73. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $17.15 and its two-hundred day moving average is $18.98. The company has a market cap of $22.63 billion, a PE ratio of 40.09 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Equities analysts predict that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

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.