Global Retirement Partners LLC Has $764,000 Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Global Retirement Partners LLC increased its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 6.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 49,586 shares of the company’s stock after purchasing an additional 2,984 shares during the quarter. Global Retirement Partners LLC’s holdings in SoFi Technologies were worth $764,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of SoFi Technologies in the 3rd quarter valued at about $27,000. Brooklyn Investment Group acquired a new position in SoFi Technologies during the 3rd quarter valued at about $28,000. FNY Investment Advisers LLC boosted its stake in SoFi Technologies by 727.1% during the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock valued at $33,000 after purchasing an additional 1,905 shares during the last quarter. SouthState Corp acquired a new position in SoFi Technologies during the 3rd quarter valued at about $67,000. Finally, Huntington National Bank boosted its stake in SoFi Technologies by 442.0% during the 3rd quarter. Huntington National Bank now owns 8,856 shares of the company’s stock valued at $70,000 after purchasing an additional 7,222 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

SoFi Technologies Trading Down 5.7 %

NASDAQ:SOFI opened at $14.67 on Friday. The company has a market cap of $15.92 billion, a P/E ratio of 39.65, a P/E/G ratio of 2.24 and a beta of 1.77. The stock’s fifty day moving average price is $15.70 and its two-hundred day moving average price is $12.23. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $18.42. 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 earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.82% and a net margin of 18.64%. During the same quarter in the prior year, the company earned $0.04 EPS. As a group, analysts expect that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling

In related news, EVP Kelli Keough sold 8,914 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $15.59, for a total value of $138,969.26. Following the sale, the executive vice president now owns 187,725 shares in the company, valued at approximately $2,926,632.75. This trade represents a 4.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 64,991 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $15.72, for a total value of $1,021,658.52. Following the completion of the sale, the chief technology officer now owns 586,494 shares in the company, valued at $9,219,685.68. This trade represents a 9.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,008,465 shares of company stock worth $416,952,167. Corporate insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

SOFI has been the subject of a number of analyst reports. Jefferies Financial Group lifted their price target on SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price target on SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. UBS Group lifted their price target on SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. William Blair reiterated an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and a consensus target price 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.