Sanctuary Advisors LLC Cuts Stock Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

Sanctuary Advisors LLC reduced its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,634 shares of the company’s stock after selling 2,347 shares during the period. Sanctuary Advisors LLC’s holdings in SoFi Technologies were worth $619,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SOFI. Hanseatic Management Services Inc. purchased a new position in SoFi Technologies in the fourth quarter valued at about $1,116,000. Kercheville Advisors LLC purchased a new position in SoFi Technologies in the fourth quarter valued at about $1,594,000. Charles Schwab Investment Management Inc. increased its holdings in 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 buying an additional 87,097 shares in the last quarter. Zacks Investment Management purchased a new position in SoFi Technologies in the third quarter valued at about $3,766,000. Finally, Citizens Financial Group Inc. RI increased its holdings in SoFi Technologies by 41.5% in the third quarter. Citizens Financial Group Inc. RI now owns 240,735 shares of the company’s stock valued at $1,892,000 after buying an additional 70,603 shares in the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SoFi Technologies

In related news, CTO Jeremy Rishel sold 64,991 shares of SoFi Technologies stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $15.72, for a total transaction of $1,021,658.52. Following the sale, the chief technology officer now owns 586,494 shares of the company’s stock, valued at $9,219,685.68. The trade was a 9.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 1,758,553 shares of SoFi Technologies stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $16.06, for a total transaction of $28,242,361.18. Following the sale, the director now directly owns 482,083 shares in the company, valued at $7,742,252.98. This trade represents a 78.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,008,465 shares of company stock worth $416,952,167 in the last quarter. 2.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. The Goldman Sachs Group increased their price target on shares of SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Bank of America reiterated an “underperform” rating and issued a $12.00 price target on shares of SoFi Technologies in a research report on Monday, December 9th. 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 report on Tuesday, November 19th. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $8.00 price target (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Finally, UBS Group increased their price target on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.50.

SoFi Technologies Stock Up 2.8 %

Shares of SOFI opened at $14.47 on Friday. The firm has a market cap of $15.70 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 2.24 and a beta of 1.78. The company’s fifty day moving average is $15.54 and its two-hundred day moving average is $12.50. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.42. 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 (NASDAQ:SOFI) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 posted $0.04 EPS. Analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

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.