Wealthcare Advisory Partners LLC Has $219,000 Stake in SoFi Technologies, Inc. (NASDAQ:SOFI)

Wealthcare Advisory Partners LLC lessened its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 23.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,199 shares of the company’s stock after selling 4,248 shares during the period. Wealthcare Advisory Partners LLC’s holdings in SoFi Technologies were worth $219,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of SoFi Technologies by 263.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,083,606 shares of the company’s stock worth $86,478,000 after purchasing an additional 9,482,683 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of SoFi Technologies by 7.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 70,401 shares of the company’s stock valued at $465,000 after buying an additional 4,661 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of SoFi Technologies by 10.7% during the 2nd quarter. Amalgamated Bank now owns 58,529 shares of the company’s stock worth $387,000 after acquiring an additional 5,661 shares during the period. Hsbc Holdings PLC increased its stake in SoFi Technologies by 337.6% in the second quarter. Hsbc Holdings PLC now owns 719,243 shares of the company’s stock valued at $4,715,000 after acquiring an additional 554,866 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in SoFi Technologies by 4,252.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 88,580 shares of the company’s stock valued at $585,000 after purchasing an additional 86,545 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

Insider Transactions at SoFi Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $16.03, for a total transaction of $386,417,705.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $15.59, for a total value of $138,969.26. Following the completion of the sale, the executive vice president now owns 187,725 shares of the company’s stock, valued at approximately $2,926,632.75. The trade was a 4.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,999,956 shares of company stock worth $416,793,365 over the last three months. 2.60% of the stock is owned by company insiders.

SoFi Technologies Trading Down 1.7 %

NASDAQ SOFI opened at $17.59 on Thursday. The firm has a market capitalization of $19.09 billion, a PE ratio of 175.92, a price-to-earnings-growth ratio of 1.12 and a beta of 1.78. The business’s 50-day moving average price is $15.53 and its two-hundred day moving average price is $10.89. 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 12 month low of $6.01 and a 12 month high of $18.10.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Tuesday, October 29th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. SoFi Technologies had a return on equity of 3.71% and a net margin of 8.38%. The business had revenue of $697.10 million for the quarter, compared to analysts’ expectations of $631.59 million. During the same period in the prior year, the business posted ($0.03) earnings per share. The firm’s revenue was up 29.8% on a year-over-year basis. On average, analysts expect that SoFi Technologies, Inc. will post 0.12 EPS for the current year.

Analyst Ratings Changes

SOFI has been the topic of a number of research analyst reports. Citigroup raised their target price on SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Mizuho lifted their target price on SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group increased their target price on shares of SoFi Technologies from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of SoFi Technologies from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Finally, Bank of America reissued an “underperform” rating and issued a $12.00 price objective on shares of SoFi Technologies in a research note on Monday, December 9th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.71.

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.