Vontobel Holding Ltd. Cuts Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Vontobel Holding Ltd. decreased its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 48.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,361 shares of the company’s stock after selling 97,214 shares during the period. Vontobel Holding Ltd.’s holdings in SoFi Technologies were worth $1,576,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. raised its position in shares of SoFi Technologies by 12.7% during 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 during the last quarter. Global Retirement Partners LLC grew its stake in SoFi Technologies by 21.7% during the 3rd quarter. Global Retirement Partners LLC now owns 46,602 shares of the company’s stock valued at $366,000 after acquiring an additional 8,323 shares in the last quarter. Stratos Wealth Advisors LLC grew its stake in SoFi Technologies by 3.3% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 32,610 shares of the company’s stock valued at $256,000 after acquiring an additional 1,054 shares in the last quarter. Blue Trust Inc. grew its stake in SoFi Technologies by 67.9% during the 3rd quarter. Blue Trust Inc. now owns 13,606 shares of the company’s stock valued at $107,000 after acquiring an additional 5,504 shares in the last quarter. Finally, Raymond James & Associates grew its stake in SoFi Technologies by 2.1% during the 3rd quarter. Raymond James & Associates now owns 531,363 shares of the company’s stock valued at $4,177,000 after acquiring an additional 11,062 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 9,590 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total transaction of $139,630.40. Following the completion of the transaction, the executive vice president now owns 142,613 shares in the company, valued at approximately $2,076,445.28. This represents a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the company’s stock in a transaction dated 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. Over the last three months, insiders have sold 26,008,870 shares of company stock valued at $416,950,073. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Price Performance

SOFI opened at $16.21 on Tuesday. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The company has a 50 day moving average of $15.70 and a two-hundred day moving average of $12.01. The company has a market cap of $17.59 billion, a P/E ratio of 43.81, a P/E/G ratio of 2.04 and a beta of 1.77.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 in the prior year, the company earned $0.04 earnings per share. On average, analysts expect that SoFi Technologies, Inc. will post 0.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SOFI shares. Citigroup upped their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. JPMorgan Chase & Co. increased their price target on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Morgan Stanley increased their price target on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, December 19th. Finally, Mizuho increased their price target on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.50.

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.