Jones Financial Companies Lllp Grows Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Jones Financial Companies Lllp boosted its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 20.4% in the fourth quarter, HoldingsChannel reports. The fund owned 217,061 shares of the company’s stock after acquiring an additional 36,842 shares during the period. Jones Financial Companies Lllp’s holdings in SoFi Technologies were worth $3,343,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. FNY Investment Advisers LLC increased its stake in shares of SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock valued at $33,000 after purchasing an additional 1,905 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of SoFi Technologies in the 3rd quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in SoFi Technologies during the 3rd quarter valued at approximately $28,000. AdvisorNet Financial Inc raised its stake in SoFi Technologies by 63.5% during the fourth quarter. AdvisorNet Financial Inc now owns 5,486 shares of the company’s stock valued at $84,000 after buying an additional 2,130 shares during the last quarter. Finally, SOA Wealth Advisors LLC. boosted its holdings in SoFi Technologies by 33.1% in the fourth quarter. SOA Wealth Advisors LLC. now owns 5,634 shares of the company’s stock worth $87,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 9,185 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $15.43, for a total transaction of $141,724.55. Following the completion of the sale, the executive vice president now owns 169,626 shares of the company’s stock, valued at approximately $2,617,329.18. The trade was a 5.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Eric Schuppenhauer acquired 30,600 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of $16.34 per share, for a total transaction of $500,004.00. Following the purchase, the executive vice president now directly owns 46,105 shares of the company’s stock, valued at approximately $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. In the last three months, insiders have sold 144,004 shares of company stock valued at $2,292,100. 2.60% of the stock is owned by company insiders.

SoFi Technologies Trading Up 2.6 %

SoFi Technologies stock opened at $13.43 on Thursday. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The company has a market cap of $14.73 billion, a P/E ratio of 36.30, a P/E/G ratio of 2.24 and a beta of 1.77. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The business has a 50-day simple moving average of $15.39 and a two-hundred day simple moving average of $12.63.

SoFi Technologies (NASDAQ:SOFI) last announced its 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 net margin of 18.64% and a return on equity of 3.82%. During the same quarter last year, the business earned $0.04 earnings per share. Analysts predict that SoFi Technologies, Inc. will post 0.26 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.