SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by Hudock Inc.

Hudock Inc. reduced its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,914 shares of the company’s stock after selling 1,458 shares during the period. Hudock Inc.’s holdings in SoFi Technologies were worth $1,030,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC increased its stake in SoFi Technologies by 93.0% in the 3rd quarter. CWM LLC now owns 98,956 shares of the company’s stock worth $778,000 after purchasing an additional 47,672 shares in the last quarter. NBC Securities Inc. increased its stake in SoFi Technologies by 12.7% in the 3rd quarter. NBC Securities Inc. now owns 9,581 shares of the company’s stock worth $75,000 after purchasing an additional 1,081 shares in the last quarter. Capital Advisors Wealth Management LLC increased its stake in SoFi Technologies by 5.0% in the 3rd quarter. Capital Advisors Wealth Management LLC now owns 108,179 shares of the company’s stock worth $850,000 after purchasing an additional 5,180 shares in the last quarter. Vontobel Holding Ltd. increased its stake in SoFi Technologies by 5.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 199,575 shares of the company’s stock worth $1,569,000 after purchasing an additional 10,338 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in SoFi Technologies by 58.7% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 16,478 shares of the company’s stock worth $130,000 after purchasing an additional 6,096 shares in the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Bashir Ruzwana sold 52,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $16.02, for a total value of $833,040.00. Following the completion of the sale, the director now directly owns 25,937 shares in the company, valued at approximately $415,510.74. The trade was a 66.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric Schuppenhauer bought 30,600 shares of SoFi Technologies stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average price of $16.34 per share, with a total value of $500,004.00. Following the completion of the acquisition, the executive vice president now owns 46,105 shares in the company, valued at approximately $753,355.70. The trade was a 197.36 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 26,008,870 shares of company stock worth $416,950,073 in the last three months. 2.60% of the stock is owned by insiders.

SoFi Technologies Stock Down 0.4 %

Shares of SoFi Technologies stock opened at $14.77 on Thursday. The firm has a market cap of $16.03 billion, a price-to-earnings ratio of 39.92, a P/E/G ratio of 2.04 and a beta of 1.77. 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, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The stock has a 50-day simple moving average of $15.70 and a 200-day simple moving average of $11.80.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating 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 last year, the business posted $0.04 earnings per share. On average, equities research analysts expect that SoFi Technologies, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SOFI shares. JPMorgan Chase & Co. lifted their price target on SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. Mizuho lifted 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. The Goldman Sachs Group lifted 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. Finally, Needham & Company LLC raised their price objective on SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and a consensus target price of $12.50.

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.