Swiss National Bank Buys 1,196,000 Shares of SoFi Technologies, Inc. $SOFI

Swiss National Bank grew its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 60.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,186,300 shares of the company’s stock after buying an additional 1,196,000 shares during the quarter. Swiss National Bank’s holdings in SoFi Technologies were worth $84,182,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of SoFi Technologies in the second quarter worth $164,068,000. Vanguard Group Inc. lifted its position in SoFi Technologies by 6.8% during the third quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company’s stock valued at $2,829,640,000 after purchasing an additional 6,814,727 shares during the period. Quadrature Capital Ltd purchased a new stake in SoFi Technologies in the second quarter valued at $115,188,000. Marshall Wace LLP grew its position in SoFi Technologies by 88.2% during the 2nd quarter. Marshall Wace LLP now owns 7,997,146 shares of the company’s stock worth $145,628,000 after purchasing an additional 3,748,817 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of SoFi Technologies by 87.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,361,809 shares of the company’s stock valued at $168,079,000 after buying an additional 2,961,849 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on SOFI shares. Citizens Jmp upgraded SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research note on Monday, February 9th. Needham & Company LLC decreased their price target on SoFi Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a report on Monday, February 2nd. JPMorgan Chase & Co. raised shares of SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 target price for the company in a report on Tuesday, February 3rd. Barclays increased their price target on shares of SoFi Technologies from $23.00 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SoFi Technologies in a report on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.34.

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 91,837 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $26.64, for a total transaction of $2,446,537.68. Following the completion of the transaction, the chief technology officer directly owned 794,598 shares of the company’s stock, valued at $21,168,090.72. The trade was a 10.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Eric Schuppenhauer bought 5,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were purchased at an average price of $19.93 per share, with a total value of $99,650.00. Following the purchase, the executive vice president owned 228,768 shares of the company’s stock, valued at approximately $4,559,346.24. This represents a 2.23% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 214,753 shares of company stock worth $5,045,087 over the last three months. 2.60% of the stock is owned by insiders.

SoFi Technologies Price Performance

SoFi Technologies stock opened at $18.29 on Wednesday. The firm has a market capitalization of $23.32 billion, a price-to-earnings ratio of 48.13 and a beta of 2.20. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 0.17. SoFi Technologies, Inc. has a 52-week low of $8.60 and a 52-week high of $32.73. The company has a fifty day simple moving average of $22.62 and a 200-day simple moving average of $25.81.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Friday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $984.75 million. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.The company’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same period last year, the company earned $0.05 EPS. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. On average, equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

SoFi Technologies Company 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.