Entropy Technologies LP Boosts Stake in SoFi Technologies, Inc. (NASDAQ:SOFI)

Entropy Technologies LP raised its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 201.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 333,426 shares of the company’s stock after acquiring an additional 222,826 shares during the period. Entropy Technologies LP’s holdings in SoFi Technologies were worth $5,135,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of SoFi Technologies by 214.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company’s stock worth $30,971,000 after purchasing an additional 2,688,847 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of SoFi Technologies during the third quarter worth about $16,014,000. Zacks Investment Management acquired a new position in shares of SoFi Technologies during the third quarter worth about $3,766,000. Point72 DIFC Ltd acquired a new position in shares of SoFi Technologies during the third quarter worth about $3,219,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of SoFi Technologies by 20.6% in the third quarter. Rockefeller Capital Management L.P. now owns 2,209,266 shares of the company’s stock worth $17,365,000 after acquiring an additional 376,899 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $17.58, for a total value of $156,708.12. Following the completion of the sale, the executive vice president now directly owns 178,811 shares in the company, valued at $3,143,497.38. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Eric Schuppenhauer bought 30,600 shares of the business’s stock in a transaction on Monday, December 16th. The stock was purchased at an average price of $16.34 per share, with a total value of $500,004.00. Following the completion of the transaction, the executive vice president now directly owns 46,105 shares of the company’s stock, valued at $753,355.70. This trade represents a 197.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 26,008,870 shares of company stock worth $416,950,073 over the last ninety days. Company insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on SOFI shares. The Goldman Sachs Group boosted their price target on SoFi Technologies from $8.50 to $9.50 and gave the stock 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. Mizuho boosted their price target on SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Citigroup upped their price objective on SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods restated an “underperform” rating and set a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, SoFi Technologies has an average rating of “Hold” and an average target price of $12.50.

SoFi Technologies Stock Performance

Shares of SOFI stock opened at $14.91 on Friday. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $18.42. The firm has a market capitalization of $16.18 billion, a price-to-earnings ratio of 40.30, a price-to-earnings-growth ratio of 2.04 and a beta of 1.77. The business has a 50 day simple moving average of $15.76 and a 200 day simple moving average of $11.63. 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 issued its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $0.04 earnings per share. On average, equities research analysts anticipate that SoFi Technologies, Inc. will post 0.27 EPS for the current year.

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.