SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Purchased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina raised its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 3.3% in the 4th quarter, Holdings Channel reports. The fund owned 464,917 shares of the company’s stock after purchasing an additional 14,700 shares during the period. Treasurer of the State of North Carolina’s holdings in SoFi Technologies were worth $7,160,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in SoFi Technologies by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 98,337,045 shares of the company’s stock valued at $1,514,390,000 after purchasing an additional 8,898,879 shares in the last quarter. Norges Bank acquired a new stake in shares of SoFi Technologies during the fourth quarter valued at about $103,678,000. Amundi increased its position in shares of SoFi Technologies by 58,176.3% during the fourth quarter. Amundi now owns 2,705,185 shares of the company’s stock worth $39,360,000 after acquiring an additional 2,700,543 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of SoFi Technologies by 123.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,740,628 shares of the company’s stock worth $40,671,000 after acquiring an additional 1,512,326 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of SoFi Technologies in the fourth quarter worth about $14,479,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Analyst Ratings Changes

SOFI has been the subject of a number of recent analyst reports. Needham & Company LLC raised their price objective on SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. 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. UBS Group raised their price objective on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group boosted their target price on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $12.50.

SoFi Technologies Stock Performance

Shares of SOFI stock opened at $10.71 on Monday. The company has a market cap of $11.74 billion, a P/E ratio of 28.95, a PEG ratio of 2.24 and a beta of 1.86. The business has a 50 day moving average of $13.02 and a two-hundred day moving average of $13.45. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 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 released its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company posted $0.04 earnings per share. As a group, analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 11,181 shares of the firm’s stock in a transaction that occurred 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 directly owns 226,210 shares in the company, valued at $2,877,391.20. This trade represents a 4.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total value of $867,420.00. Following the sale, the chief technology officer now directly owns 655,118 shares in the company, valued at $8,280,691.52. The trade was a 9.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 97,905 shares of company stock worth $1,308,075. 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.