Sumitomo Mitsui DS Asset Management Company Ltd Takes $13.78 Million Position in SoFi Technologies, Inc. $SOFI

Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 521,640 shares of the company’s stock, valued at approximately $13,782,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SOFI. Brighton Jones LLC increased its stake in shares of SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after acquiring an additional 14,281 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of SoFi Technologies in the first quarter valued at about $129,000. Empowered Funds LLC grew its holdings in shares of SoFi Technologies by 5.2% in the first quarter. Empowered Funds LLC now owns 33,126 shares of the company’s stock valued at $385,000 after purchasing an additional 1,631 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in SoFi Technologies by 8.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,725,268 shares of the company’s stock worth $31,695,000 after purchasing an additional 205,908 shares during the last quarter. Finally, SCS Capital Management LLC purchased a new position in SoFi Technologies during the first quarter worth about $193,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

Insiders Place Their Bets

In other 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 transaction of $2,446,537.68. Following the sale, the chief technology officer owned 794,598 shares of the company’s stock, valued at approximately $21,168,090.72. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Arun Pinto sold 46,132 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the completion of the transaction, the insider directly owned 138,396 shares of the company’s stock, valued at approximately $3,426,684.96. The trade was a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 167,813 shares of company stock worth $4,403,334 over the last three months. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Trading Down 1.2%

SOFI opened at $27.40 on Friday. SoFi Technologies, Inc. has a 52 week low of $8.60 and a 52 week high of $32.73. The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $27.76 and a 200-day simple moving average of $25.61. The firm has a market cap of $33.04 billion, a P/E ratio of 50.74, a P/E/G ratio of 1.72 and a beta of 1.92.

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

Wall Street Analysts Forecast Growth

SOFI has been the subject of several analyst reports. UBS Group increased their price target on shares of SoFi Technologies from $20.50 to $27.50 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $35.00 price objective on shares of SoFi Technologies in a research report on Tuesday, October 28th. Mizuho set a $38.00 target price on SoFi Technologies in a research report on Thursday, October 30th. BTIG Research reiterated a “neutral” rating on shares of SoFi Technologies in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of SoFi Technologies from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.50.

SoFi Technologies 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.