SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Purchased by Berkshire Capital Holdings Inc.

Berkshire Capital Holdings Inc. raised its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 6,208,000.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 620,810 shares of the company’s stock after buying an additional 620,800 shares during the period. SoFi Technologies makes up 3.5% of Berkshire Capital Holdings Inc.’s portfolio, making the stock its 12th biggest position. Berkshire Capital Holdings Inc.’s holdings in SoFi Technologies were worth $9,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of SoFi Technologies in the fourth quarter worth about $3,703,000. Hanseatic Management Services Inc. bought a new position in SoFi Technologies during the fourth quarter valued at approximately $1,116,000. Kercheville Advisors LLC bought a new position in SoFi Technologies during the fourth quarter valued at approximately $1,594,000. Charles Schwab Investment Management Inc. raised its position in shares of SoFi Technologies by 1.4% in the third 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 period. Finally, Zacks Investment Management bought a new position in shares of SoFi Technologies in the third quarter valued at approximately $3,766,000. Institutional investors own 38.43% of the company’s stock.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 8,914 shares of the business’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 transaction, the executive vice president now directly owns 178,811 shares in the company, valued at approximately $3,143,497.38. The trade was a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 27,013 shares of company stock worth $437,402. 2.60% of the stock is owned by company insiders.

SoFi Technologies Price Performance

Shares of SOFI opened at $12.73 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The stock has a 50 day simple moving average of $14.73 and a 200 day simple moving average of $12.94. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The firm has a market capitalization of $13.96 billion, a PE ratio of 34.41, a P/E/G ratio of 2.24 and a beta of 1.79.

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, 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 period last year, the firm posted $0.04 earnings per share. Sell-side analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. UBS Group lifted their price target on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. William Blair restated an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. Finally, The Goldman Sachs Group lifted their price target on SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.