Summit Trail Advisors LLC Sells 2,929 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Summit Trail Advisors LLC decreased its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 1.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 277,535 shares of the company’s stock after selling 2,929 shares during the quarter. Summit Trail Advisors LLC’s holdings in SoFi Technologies were worth $4,274,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hanseatic Management Services Inc. bought a new position in shares of SoFi Technologies during the 4th quarter valued at $1,116,000. Kercheville Advisors LLC bought a new position in shares of SoFi Technologies during the 4th quarter valued at $1,594,000. Charles Schwab Investment Management Inc. grew its holdings in shares of SoFi Technologies by 1.4% during the 3rd 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. Zacks Investment Management bought a new position in shares of SoFi Technologies during the 3rd quarter valued at $3,766,000. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of SoFi Technologies by 41.5% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 240,735 shares of the company’s stock valued at $1,892,000 after purchasing an additional 70,603 shares during the last quarter. Institutional investors own 38.43% of the company’s stock.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 9,590 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total value of $139,630.40. Following the completion of the sale, the executive vice president now directly owns 142,613 shares in the company, valued at $2,076,445.28. The trade was a 6.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $16.03, for a total transaction of $386,417,705.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,008,870 shares of company stock worth $416,950,073. 2.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SOFI has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Morgan Stanley raised their price target on shares of SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a report on Thursday, December 19th. UBS Group raised their price target on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Finally, Jefferies Financial Group raised their price target on shares of SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, SoFi Technologies has an average rating of “Hold” and a consensus price target of $12.50.

SoFi Technologies Trading Up 1.5 %

Shares of NASDAQ SOFI opened at $15.13 on Tuesday. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $18.42. The stock has a market cap of $16.42 billion, a P/E ratio of 40.89, a price-to-earnings-growth ratio of 2.04 and a beta of 1.77. The firm has a 50-day moving average of $15.75 and a 200 day moving average of $11.72. 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 results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a net margin of 18.64% and a return on equity of 3.82%. During the same quarter in the previous year, the company posted $0.04 earnings per share. As a group, sell-side analysts expect that SoFi Technologies, Inc. will post 0.27 EPS for the current fiscal year.

SoFi Technologies Company Profile

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.