Quantbot Technologies LP Raises Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Quantbot Technologies LP increased its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 980.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 92,081 shares of the company’s stock after purchasing an additional 83,562 shares during the period. Quantbot Technologies LP’s holdings in SoFi Technologies were worth $1,418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SOFI. Victory Capital Management Inc. raised its holdings in shares of SoFi Technologies by 1.0% during the 3rd quarter. Victory Capital Management Inc. now owns 128,661 shares of the company’s stock worth $1,011,000 after acquiring an additional 1,319 shares in the last quarter. Empowered Funds LLC increased its position in SoFi Technologies by 5.0% in the third quarter. Empowered Funds LLC now owns 41,277 shares of the company’s stock worth $324,000 after purchasing an additional 1,951 shares during the last quarter. Pathstone Holdings LLC raised its stake in SoFi Technologies by 13.2% during the third quarter. Pathstone Holdings LLC now owns 192,057 shares of the company’s stock valued at $1,510,000 after purchasing an additional 22,426 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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 valued at $48,306,000 after purchasing an additional 87,097 shares during the last quarter. Finally, Nwam LLC grew its stake in shares of SoFi Technologies by 22.1% in the 3rd quarter. Nwam LLC now owns 40,104 shares of the company’s stock worth $315,000 after buying an additional 7,255 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SOFI has been the topic of several analyst reports. Morgan Stanley boosted their price objective on SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a research note on Thursday, December 19th. Needham & Company LLC boosted their target price on SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Dbs Bank upgraded SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Finally, Citigroup increased their target price on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, SoFi Technologies has an average rating of “Hold” and an average price target of $12.50.

SoFi Technologies Price Performance

Shares of SOFI stock opened at $13.72 on Tuesday. The company has a market capitalization of $15.04 billion, a P/E ratio of 37.08, a P/E/G ratio of 2.24 and a beta of 1.79. The company’s 50-day simple moving average is $14.66 and its two-hundred day simple moving average is $13.10. SoFi Technologies, Inc. has a one year low of $6.01 and a one 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 announced its quarterly earnings data 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 period in the previous year, the company earned $0.04 EPS. As a group, equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total transaction of $156,708.12. Following the transaction, the executive vice president now directly owns 178,811 shares of the company’s stock, valued at $3,143,497.38. This trade represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Jeremy Rishel sold 68,625 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the sale, the chief technology officer now owns 655,118 shares of the company’s stock, valued at approximately $8,280,691.52. This represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 97,905 shares of company stock worth $1,308,075 over the last three months. 2.60% of the stock is owned by corporate insiders.

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.