Orion Portfolio Solutions LLC Buys 13,908 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Orion Portfolio Solutions LLC raised its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 64.4% in the fourth quarter, HoldingsChannel reports. The fund owned 35,493 shares of the company’s stock after acquiring an additional 13,908 shares during the period. Orion Portfolio Solutions LLC’s holdings in SoFi Technologies were worth $547,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Captrust Financial Advisors increased its position in SoFi Technologies by 2.8% during the 3rd quarter. Captrust Financial Advisors now owns 29,639 shares of the company’s stock worth $233,000 after buying an additional 809 shares during the period. Procyon Advisors LLC boosted its holdings in SoFi Technologies by 8.0% in the 4th quarter. Procyon Advisors LLC now owns 13,497 shares of the company’s stock valued at $208,000 after purchasing an additional 1,000 shares during the period. Game Plan Financial Advisors LLC grew its position in shares of SoFi Technologies by 13.9% during the 4th quarter. Game Plan Financial Advisors LLC now owns 8,200 shares of the company’s stock worth $128,000 after purchasing an additional 1,000 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of SoFi Technologies by 33.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company’s stock valued at $68,000 after buying an additional 1,100 shares in the last quarter. Finally, World Investment Advisors LLC boosted its stake in shares of SoFi Technologies by 6.5% in the third quarter. World Investment Advisors LLC now owns 21,745 shares of the company’s stock valued at $171,000 after buying an additional 1,336 shares during the period. Institutional investors own 38.43% of the company’s stock.

Insider Buying and Selling

In other news, CTO Jeremy Rishel sold 68,625 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of the transaction, the chief technology officer now directly owns 655,118 shares in the company, valued at $8,280,691.52. This trade represents a 9.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelli Keough sold 8,914 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total value of $156,708.12. Following the completion of the sale, the executive vice president now owns 178,811 shares in the company, valued at $3,143,497.38. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,905 shares of company stock valued at $1,308,075 in the last three months. Insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SOFI shares. Needham & Company LLC increased their target price on SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Citigroup upped their price objective on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. UBS Group raised their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. The Goldman Sachs Group upped their price target on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Finally, 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. Four analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.50.

SoFi Technologies Stock Performance

SoFi Technologies stock opened at $9.86 on Tuesday. The business has a 50 day moving average of $13.66 and a 200-day moving average of $13.38. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. SoFi Technologies, Inc. has a 1 year low of $6.01 and a 1 year high of $18.42. The company has a market capitalization of $10.81 billion, a P/E ratio of 26.65, a P/E/G ratio of 2.24 and a beta of 1.86.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) 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 period in the previous year, the company posted $0.04 earnings per share. On average, equities research analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

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.