Virtu Financial LLC Sells 120,348 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Virtu Financial LLC decreased its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 57.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,430 shares of the company’s stock after selling 120,348 shares during the quarter. Virtu Financial LLC’s holdings in SoFi Technologies were worth $1,377,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SOFI. Skandinaviska Enskilda Banken AB publ bought a new stake in SoFi Technologies during the 4th quarter valued at approximately $27,000. Brooklyn Investment Group bought a new stake in shares of SoFi Technologies in the 3rd quarter worth approximately $28,000. Hollencrest Capital Management bought a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $31,000. FNY Investment Advisers LLC lifted its position in shares of SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after acquiring an additional 1,905 shares during the period. Finally, IAG Wealth Partners LLC bought a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $38,000. Institutional investors own 38.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Morgan Stanley raised their price objective on SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a research report on Thursday, December 19th. The Goldman Sachs Group raised their price objective on SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. raised their price objective on SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Keefe, Bruyette & Woods reissued 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. Finally, William Blair reissued an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. Four 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. According to MarketBeat, SoFi Technologies has a consensus rating of “Hold” and an average target price of $12.50.

Insider Transactions at SoFi Technologies

In other news, CTO Jeremy Rishel sold 68,625 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of the sale, the chief technology officer now owns 655,118 shares in the company, valued at $8,280,691.52. The trade was a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kelli Keough sold 11,181 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $12.72, for a total value of $142,222.32. Following the sale, the executive vice president now owns 226,210 shares of the company’s stock, valued at approximately $2,877,391.20. The trade was a 4.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,905 shares of company stock worth $1,308,075 over the last 90 days. 2.60% of the stock is owned by insiders.

SoFi Technologies Trading Up 1.8 %

Shares of SOFI opened at $12.87 on Monday. The stock has a fifty day moving average price of $14.67 and a two-hundred day moving average price of $13.05. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. 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 $14.11 billion, a price-to-earnings ratio of 34.78, a PEG 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 in the prior year, the business posted $0.04 earnings per share. Analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

SoFi Technologies 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.