Westbourne Investment Advisors Inc. Makes New $6.72 Million Investment in SoFi Technologies, Inc. $SOFI

Westbourne Investment Advisors Inc. purchased a new position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 254,164 shares of the company’s stock, valued at approximately $6,715,000. SoFi Technologies makes up 1.9% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 19th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Key Client Fiduciary Advisors LLC boosted its holdings in SoFi Technologies by 3.1% during the third quarter. Key Client Fiduciary Advisors LLC now owns 14,101 shares of the company’s stock worth $373,000 after purchasing an additional 419 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its position in SoFi Technologies by 46.9% during the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 1,469 shares of the company’s stock worth $39,000 after buying an additional 469 shares in the last quarter. Soltis Investment Advisors LLC boosted its stake in shares of SoFi Technologies by 1.8% during the 2nd quarter. Soltis Investment Advisors LLC now owns 28,436 shares of the company’s stock worth $518,000 after buying an additional 501 shares during the last quarter. AE Wealth Management LLC boosted its stake in shares of SoFi Technologies by 2.8% during the 2nd quarter. AE Wealth Management LLC now owns 18,620 shares of the company’s stock worth $339,000 after buying an additional 514 shares during the last quarter. Finally, Pathway Financial Advisers LLC grew its holdings in shares of SoFi Technologies by 1.1% in the 2nd quarter. Pathway Financial Advisers LLC now owns 47,319 shares of the company’s stock valued at $862,000 after acquiring an additional 537 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Stock Down 0.9%

SOFI opened at $26.82 on Tuesday. The stock’s fifty day simple moving average is $28.15 and its 200 day simple moving average is $24.92. SoFi Technologies, Inc. has a 1-year low of $8.60 and a 1-year high of $32.73. The stock has a market cap of $32.34 billion, a PE ratio of 49.67 and a beta of 1.93. The company has a current ratio of 0.80, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $949.63 million during the quarter, compared to analysts’ expectations of $880.33 million. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. The company’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 earnings per share. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, research analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 91,837 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $26.64, for a total value of $2,446,537.68. Following the transaction, the chief technology officer directly owned 794,598 shares of the company’s stock, valued at $21,168,090.72. This represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelli Keough sold 10,340 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $26.43, for a total transaction of $273,286.20. Following the sale, the executive vice president owned 265,034 shares of the company’s stock, valued at $7,004,848.62. This trade represents a 3.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 167,813 shares of company stock worth $4,403,334. Insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Truist Financial dropped their target price on SoFi Technologies from $31.00 to $28.00 and set a “hold” rating on the stock in a report on Tuesday, November 25th. Keefe, Bruyette & Woods upped their price objective on SoFi Technologies from $18.00 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. Citigroup increased their price objective on SoFi Technologies from $28.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Jefferies Financial Group restated a “buy” rating and set a $35.00 target price on shares of SoFi Technologies in a report on Tuesday, October 28th. Finally, The Goldman Sachs Group increased their price target on shares of SoFi Technologies from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.69.

About SoFi Technologies

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.