Nwam LLC Increases Stock Holdings in SoFi Technologies, Inc. $SOFI

Nwam LLC raised its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,179 shares of the company’s stock after acquiring an additional 4,521 shares during the quarter. Nwam LLC’s holdings in SoFi Technologies were worth $1,150,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in SoFi Technologies by 12.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,879,959 shares of the company’s stock valued at $88,864,000 after buying an additional 540,610 shares during the period. Vanguard Group Inc. raised its stake in shares of SoFi Technologies by 1.1% in the first quarter. Vanguard Group Inc. now owns 99,467,295 shares of the company’s stock valued at $1,156,805,000 after acquiring an additional 1,130,250 shares in the last quarter. Sullivan Wood Capital Management LLC purchased a new position in SoFi Technologies in the second quarter valued at $2,799,000. Blair William & Co. IL grew its stake in SoFi Technologies by 443.9% during the 2nd quarter. Blair William & Co. IL now owns 335,698 shares of the company’s stock worth $6,113,000 after purchasing an additional 273,972 shares in the last quarter. Finally, Nicholas Wealth LLC. acquired a new position in SoFi Technologies during the 1st quarter worth $993,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SOFI has been the topic of a number of analyst reports. BTIG Research reaffirmed a “neutral” rating on shares of SoFi Technologies in a research report on Wednesday, October 29th. Needham & Company LLC raised their target price on shares of SoFi Technologies from $29.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Truist Financial boosted their price target on shares of SoFi Technologies from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Morgan Stanley raised their price objective on shares of SoFi Technologies from $13.00 to $18.00 and gave the company an “underweight” rating in a report on Monday, September 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of SoFi Technologies from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.06.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 10,036 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $28.33, for a total transaction of $284,319.88. Following the transaction, the executive vice president owned 275,374 shares in the company, valued at $7,801,345.42. This trade represents a 3.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Jeremy Rishel sold 98,733 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $27.50, for a total value of $2,715,157.50. Following the completion of the sale, the chief technology officer owned 759,553 shares of the company’s stock, valued at approximately $20,887,707.50. This represents a 11.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 129,383 shares of company stock worth $3,513,171 in the last quarter. Insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Up 1.3%

Shares of NASDAQ:SOFI opened at $30.95 on Wednesday. The firm has a 50 day simple moving average of $27.86 and a 200-day simple moving average of $21.55. SoFi Technologies, Inc. has a twelve month low of $8.60 and a twelve month high of $32.56. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $37.06 billion, a PE ratio of 57.32, a P/E/G ratio of 2.98 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. The firm had revenue of $949.63 million for the quarter, compared to analyst estimates of $880.33 million. During the same period last year, the business earned $0.05 EPS. SoFi Technologies’s revenue for the quarter was up 37.7% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. On average, equities analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

SoFi Technologies 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.