SoFi Technologies, Inc. $SOFI Holdings Decreased by Virtue Capital Management LLC

Virtue Capital Management LLC reduced its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 12.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,944 shares of the company’s stock after selling 10,089 shares during the period. Virtue Capital Management LLC’s holdings in SoFi Technologies were worth $1,237,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in SoFi Technologies by 0.8% during the second quarter. Vanguard Group Inc. now owns 100,287,485 shares of the company’s stock valued at $1,826,235,000 after purchasing an additional 820,190 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of SoFi Technologies by 2.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,628,309 shares of the company’s stock valued at $120,702,000 after buying an additional 155,583 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of SoFi Technologies by 12.5% during 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 last quarter. ARK Investment Management LLC grew its holdings in shares of SoFi Technologies by 118.5% during the second quarter. ARK Investment Management LLC now owns 4,424,155 shares of the company’s stock valued at $80,564,000 after purchasing an additional 2,399,746 shares during the last quarter. Finally, Nuveen LLC bought a new position in SoFi Technologies during the 1st quarter worth $47,616,000. 38.43% of the stock is currently owned by institutional investors.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 10,340 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $26.43, for a total value of $273,286.20. Following the sale, the executive vice president directly owned 265,034 shares in the company, valued at $7,004,848.62. The trade was a 3.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Arun Pinto sold 46,132 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the sale, the insider directly owned 138,396 shares of the company’s stock, valued at approximately $3,426,684.96. This represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 175,277 shares of company stock valued at $4,694,595 in the last quarter. Insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on SOFI. Mizuho set a $38.00 target price on shares of SoFi Technologies in a research report on Thursday, October 30th. The Goldman Sachs Group lifted their target price on SoFi Technologies from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price target on SoFi Technologies from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Needham & Company LLC raised their price target on SoFi Technologies from $29.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Redburn Atlantic upgraded shares of SoFi Technologies to a “hold” rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $24.88.

SoFi Technologies Stock Up 0.6%

SOFI opened at $28.49 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80. The company has a market capitalization of $34.36 billion, a PE ratio of 52.76, a P/E/G ratio of 2.78 and a beta of 1.93. The stock’s fifty day moving average is $28.17 and its 200-day moving average is $22.65. SoFi Technologies, Inc. has a one year low of $8.60 and a one year high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Tuesday, October 28th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. SoFi Technologies had a return on equity of 5.12% and a net margin of 19.29%.The firm had revenue of $949.63 million for the quarter, compared to analyst estimates of $880.33 million. During the same period in the previous year, the company earned $0.05 earnings per share. SoFi Technologies’s revenue 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.