Handelsbanken Fonder AB Grows Stock Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Handelsbanken Fonder AB increased its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 252,100 shares of the company’s stock after buying an additional 25,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in SoFi Technologies were worth $3,882,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC lifted its position in SoFi Technologies by 727.1% during the fourth quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after buying an additional 1,905 shares during the period. Capital Performance Advisors LLP acquired a new stake in SoFi Technologies during the third quarter worth about $27,000. Brooklyn Investment Group acquired a new stake in SoFi Technologies during the third quarter worth about $28,000. AdvisorNet Financial Inc increased its stake in SoFi Technologies by 63.5% during the fourth quarter. AdvisorNet Financial Inc now owns 5,486 shares of the company’s stock worth $84,000 after acquiring an additional 2,130 shares during the last quarter. Finally, SOA Wealth Advisors LLC. increased its stake in SoFi Technologies by 33.1% during the fourth quarter. SOA Wealth Advisors LLC. now owns 5,634 shares of the company’s stock worth $87,000 after acquiring an additional 1,400 shares during the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $14.67 on Monday. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.42. The business has a 50 day moving average price of $15.70 and a two-hundred day moving average price of $12.27. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The firm has a market cap of $15.92 billion, a PE ratio of 39.65, a price-to-earnings-growth ratio of 2.24 and a beta of 1.77.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data 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 return on equity of 3.82% and a net margin of 18.64%. During the same quarter last year, the firm posted $0.04 earnings per share. Sell-side analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $15.59, for a total transaction of $138,969.26. Following the transaction, the executive vice president now owns 187,725 shares of the company’s stock, valued at $2,926,632.75. This trade represents a 4.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Eric Schuppenhauer bought 30,600 shares of SoFi Technologies stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of $16.34 per share, for a total transaction of $500,004.00. Following the acquisition, the executive vice president now owns 46,105 shares in the company, valued at $753,355.70. The trade was a 197.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 26,008,465 shares of company stock worth $416,952,167 in the last 90 days. 2.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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