Sei Investments Co. Purchases 7,884 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Sei Investments Co. lifted its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 14.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 63,206 shares of the company’s stock after purchasing an additional 7,884 shares during the period. Sei Investments Co.’s holdings in SoFi Technologies were worth $973,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in SoFi Technologies by 1.6% during the third quarter. The Manufacturers Life Insurance Company now owns 267,956 shares of the company’s stock worth $2,106,000 after buying an additional 4,130 shares during the last quarter. FMR LLC increased its position in shares of SoFi Technologies by 154.8% during the third quarter. FMR LLC now owns 92,632 shares of the company’s stock worth $728,000 after acquiring an additional 56,279 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of SoFi Technologies by 2.8% in the 3rd quarter. Captrust Financial Advisors now owns 29,639 shares of the company’s stock worth $233,000 after acquiring an additional 809 shares during the last quarter. Janus Henderson Group PLC lifted its position in SoFi Technologies by 5.9% in the 3rd quarter. Janus Henderson Group PLC now owns 479,495 shares of the company’s stock valued at $3,771,000 after acquiring an additional 26,768 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in SoFi Technologies by 79.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 34,467 shares of the company’s stock valued at $271,000 after purchasing an additional 15,301 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors.

SoFi Technologies Stock Up 3.0 %

SOFI opened at $9.86 on Tuesday. SoFi Technologies, Inc. has a twelve month low of $6.01 and a twelve month high of $18.42. The company’s 50-day moving average price is $13.66 and its two-hundred day moving average price is $13.38. The stock has a market cap of $10.81 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 2.24 and a beta of 1.86. 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 posted its quarterly earnings results on Monday, January 27th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates 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 firm posted $0.04 EPS. As a group, equities analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Transactions at SoFi Technologies

In related news, EVP Kelli Keough sold 11,181 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.72, for a total transaction of $142,222.32. Following the sale, the executive vice president now directly owns 226,210 shares in the company, valued at approximately $2,877,391.20. This represents a 4.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies stock in a transaction that occurred 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 transaction, the chief technology officer now owns 655,118 shares of the company’s stock, valued at $8,280,691.52. This represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,905 shares of company stock worth $1,308,075. 2.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. Dbs Bank upgraded SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. Bank of America restated an “underperform” rating and set a $12.00 price objective on shares of SoFi Technologies in a research note on Monday, December 9th. The Goldman Sachs Group upped their target price on shares of SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Finally, UBS Group increased 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. Four research analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $12.50.

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.