Steward Partners Investment Advisory LLC Decreases Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Steward Partners Investment Advisory LLC lessened its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 20.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,071 shares of the company’s stock after selling 6,400 shares during the period. Steward Partners Investment Advisory LLC’s holdings in SoFi Technologies were worth $386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SOFI. SBI Securities Co. Ltd. acquired a new stake in shares of SoFi Technologies in the 4th quarter valued at $3,703,000. Hanseatic Management Services Inc. acquired a new stake in shares of SoFi Technologies in the 4th quarter valued at $1,116,000. Kercheville Advisors LLC acquired a new stake in shares of SoFi Technologies in the 4th quarter valued at $1,594,000. Charles Schwab Investment Management Inc. raised its holdings in shares of SoFi Technologies by 1.4% in the 3rd 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 in the last quarter. Finally, Zacks Investment Management acquired a new stake in shares of SoFi Technologies in the 3rd quarter valued at $3,766,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $8.00 price objective (up from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. The Goldman Sachs Group lifted their price target on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Morgan Stanley lifted their price target on shares of SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a research note on Thursday, December 19th. Needham & Company LLC lifted their price target on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Finally, Bank of America reiterated an “underperform” rating and set a $12.00 price target on shares of SoFi Technologies in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.50.

SoFi Technologies Trading Down 4.4 %

Shares of SoFi Technologies stock opened at $11.39 on Friday. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year 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 company has a market capitalization of $12.49 billion, a P/E ratio of 30.78, a PEG ratio of 2.24 and a beta of 1.79. The company’s fifty day moving average is $14.94 and its two-hundred day moving average is $12.78.

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, 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 posted $0.04 EPS. Analysts forecast that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Activity

In other news, EVP Eric Schuppenhauer bought 30,600 shares of the stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of $16.34 per share, with a total value of $500,004.00. Following the completion of the acquisition, the executive vice president now directly owns 46,105 shares in the company, valued at approximately $753,355.70. The trade was a 197.36 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $15.59, for a total transaction of $138,969.26. Following the completion of the sale, the executive vice president now directly owns 187,725 shares in the company, valued at approximately $2,926,632.75. The trade was a 4.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,004 shares of company stock valued at $1,459,060 over the last quarter. Corporate insiders own 2.60% of the company’s stock.

About SoFi Technologies

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.