SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,791 shares of the company’s stock after buying an additional 24,713 shares during the period. QRG Capital Management Inc.’s holdings in SoFi Technologies were worth $4,324,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Hanseatic Management Services Inc. purchased a new stake in shares of SoFi Technologies during the fourth quarter worth approximately $1,116,000. Kercheville Advisors LLC acquired a new stake in SoFi Technologies during the 4th quarter worth $1,594,000. Charles Schwab Investment Management Inc. grew its holdings in shares of SoFi Technologies by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,145,837 shares of the company’s stock worth $48,306,000 after buying an additional 87,097 shares in the last quarter. Zacks Investment Management acquired a new stake in shares of SoFi Technologies in the third quarter valued at about $3,766,000. Finally, Citizens Financial Group Inc. RI lifted its stake in shares of SoFi Technologies by 41.5% in the third quarter. Citizens Financial Group Inc. RI now owns 240,735 shares of the company’s stock worth $1,892,000 after buying an additional 70,603 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Trading Up 2.8 %

Shares of SOFI stock opened at $14.47 on Friday. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $18.42. The firm has a market cap of $15.70 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 2.24 and a beta of 1.78. The company has a 50-day moving average of $15.54 and a two-hundred day moving average of $12.46. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same quarter in the previous year, the company posted $0.04 earnings per share. On average, analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Activity

In other SoFi Technologies news, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $16.03, for a total transaction of $386,417,705.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 8,914 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $15.59, for a total transaction of $138,969.26. Following the completion of the transaction, the executive vice president now owns 187,725 shares of the company’s stock, valued at approximately $2,926,632.75. This trade represents a 4.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,008,465 shares of company stock valued at $416,952,167. 2.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on SOFI shares. Morgan Stanley upped their price objective on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, December 19th. Mizuho upped their price target on SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Dbs Bank upgraded SoFi Technologies to a “strong-buy” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their target price on SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Finally, Bank of America reaffirmed an “underperform” rating and issued a $12.00 target price on shares of SoFi Technologies in a research note on Monday, December 9th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.50.

About SoFi Technologies

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.