HUB Investment Partners LLC Decreases Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)

HUB Investment Partners LLC trimmed its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 4.3% during the fourth quarter, Holdings Channel reports. The fund owned 29,775 shares of the company’s stock after selling 1,334 shares during the period. HUB Investment Partners LLC’s holdings in SoFi Technologies were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SOFI. Skandinaviska Enskilda Banken AB publ purchased a new position in SoFi Technologies in the fourth quarter valued at approximately $27,000. Brooklyn Investment Group bought a new stake in shares of SoFi Technologies in the third quarter valued at $28,000. Hollencrest Capital Management purchased a new position in shares of SoFi Technologies during the 4th quarter valued at $31,000. FNY Investment Advisers LLC grew its stake in shares of SoFi Technologies by 727.1% during the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after acquiring an additional 1,905 shares during the period. Finally, IAG Wealth Partners LLC purchased a new stake in SoFi Technologies in the 4th quarter worth about $38,000. 38.43% of the stock is owned by institutional investors.

SoFi Technologies Stock Up 1.8 %

SOFI stock opened at $12.87 on Friday. The company’s 50 day moving average is $14.67 and its 200 day moving average is $12.97. The stock has a market cap of $14.11 billion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. SoFi Technologies, Inc. has a 1-year low of $6.01 and a 1-year high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, beating 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 previous year, the company posted $0.04 EPS. Sell-side analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SOFI. Dbs Bank upgraded shares of SoFi Technologies to a “strong-buy” rating in a research report on Friday, February 21st. Morgan Stanley lifted their price objective on shares of SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, December 19th. Bank of America reissued an “underperform” rating and set a $12.00 target price on shares of SoFi Technologies in a report on Monday, December 9th. JPMorgan Chase & Co. raised their price target on SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Finally, Citigroup boosted their price objective on SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.50.

Insiders Place Their Bets

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $15.59, for a total transaction of $138,969.26. Following the transaction, the executive vice president now directly owns 187,725 shares of the company’s stock, valued at approximately $2,926,632.75. This trade represents a 4.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of the sale, the chief technology officer now directly owns 655,118 shares of the company’s stock, valued at $8,280,691.52. This trade represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,819 shares of company stock valued at $1,447,044 over the last 90 days. 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.