Asset Management One Co. Ltd. Has $84,000 Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Asset Management One Co. Ltd. cut its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 28.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,234 shares of the company’s stock after selling 2,111 shares during the period. Asset Management One Co. Ltd.’s holdings in SoFi Technologies were worth $84,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SOFI. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in SoFi Technologies by 214.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company’s stock worth $30,971,000 after purchasing an additional 2,688,847 shares in the last quarter. Quadrature Capital Ltd bought a new stake in SoFi Technologies in the third quarter worth $16,014,000. Zacks Investment Management bought a new stake in SoFi Technologies in the third quarter worth $3,766,000. Point72 DIFC Ltd bought a new stake in SoFi Technologies in the third quarter worth $3,219,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in SoFi Technologies by 20.6% in the third quarter. Rockefeller Capital Management L.P. now owns 2,209,266 shares of the company’s stock worth $17,365,000 after purchasing an additional 376,899 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SOFI shares. Jefferies Financial Group upped their price objective on shares of SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Citigroup upped their price target on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price target on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Mizuho upped their price target on shares of SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods restated an “underperform” rating and set a $8.00 price target (up from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, SoFi Technologies presently has a consensus rating of “Hold” and an average target price of $12.50.

SoFi Technologies Stock Down 5.7 %

NASDAQ SOFI opened at $14.67 on Friday. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42. 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 market cap of $15.92 billion, a PE ratio of 39.65, a PEG ratio of 2.33 and a beta of 1.77. The firm has a 50-day simple moving average of $15.70 and a 200 day simple moving average of $12.19.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results 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 period last year, the firm earned $0.04 earnings per share. On average, research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling

In other news, Director Iv (Gp) L.L.C. Slta sold 1,758,553 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $16.06, for a total transaction of $28,242,361.18. Following the completion of the sale, the director now owns 482,083 shares of the company’s stock, valued at approximately $7,742,252.98. This trade represents a 78.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kelli Keough sold 9,185 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $15.43, for a total transaction of $141,724.55. Following the sale, the executive vice president now directly 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 position. The disclosure for this sale can be found here. Insiders sold 26,008,465 shares of company stock valued at $416,952,167 over the last quarter. Corporate insiders own 2.60% of the company’s stock.

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.