LGT Fund Management Co Ltd. Buys Shares of 173,200 SoFi Technologies, Inc. $SOFI

LGT Fund Management Co Ltd. bought a new position in SoFi Technologies, Inc. (NASDAQ:SOFI) during the 1st quarter, HoldingsChannel.com reports. The fund bought 173,200 shares of the company’s stock, valued at approximately $2,750,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Firsthand Capital Management Inc. lifted its position in shares of SoFi Technologies by 60.0% in the third quarter. Firsthand Capital Management Inc. now owns 80,000 shares of the company’s stock worth $2,114,000 after buying an additional 30,000 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of SoFi Technologies by 161.6% in the 4th quarter. SG Americas Securities LLC now owns 902,392 shares of the company’s stock valued at $23,625,000 after acquiring an additional 557,390 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of SoFi Technologies by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock valued at $2,906,061,000 after acquiring an additional 3,900,895 shares in the last quarter. North Dakota State Investment Board acquired a new stake in SoFi Technologies in the 4th quarter worth approximately $1,044,000. Finally, Brighton Jones LLC boosted its position in SoFi Technologies by 2.0% during the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after purchasing an additional 14,281 shares during the period. 38.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Keefe, Bruyette & Woods lowered their price target on SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a report on Thursday, April 9th. UBS Group lowered their target price on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Citigroup dropped their target price on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $18.00 price target on shares of SoFi Technologies in a report on Thursday, April 30th. Finally, Mizuho set a $29.00 price target on SoFi Technologies in a research report on Wednesday, May 6th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.78.

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 10,954 shares of SoFi Technologies stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $17.35, for a total transaction of $190,051.90. Following the sale, the executive vice president owned 378,682 shares of the company’s stock, valued at approximately $6,570,132.70. This trade represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto acquired 15,545 shares of the stock in a transaction dated Monday, May 11th. The shares were purchased at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the completion of the transaction, the chief executive officer owned 11,946,619 shares of the company’s stock, valued at $191,145,904. This trade represents a 0.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have sold 134,044 shares of company stock valued at $2,370,056. 2.50% of the stock is owned by corporate insiders.

SoFi Technologies Price Performance

Shares of SOFI opened at $18.78 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The company has a 50-day simple moving average of $16.92 and a 200-day simple moving average of $19.44. SoFi Technologies, Inc. has a 52 week low of $14.92 and a 52 week high of $32.73. The firm has a market capitalization of $24.09 billion, a P/E ratio of 42.68 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business earned $0.06 earnings per share. The firm’s revenue for the quarter was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, equities research analysts expect that SoFi Technologies, Inc. will post 0.59 earnings per share for the current 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.