SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Bought by Harbour Investments Inc.

Harbour Investments Inc. grew its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,117 shares of the company’s stock after purchasing an additional 6,018 shares during the quarter. Harbour Investments Inc.’s holdings in SoFi Technologies were worth $1,049,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Amundi lifted its stake in shares of SoFi Technologies by 58,176.3% in the fourth quarter. Amundi now owns 2,705,185 shares of the company’s stock worth $39,360,000 after acquiring an additional 2,700,543 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of SoFi Technologies by 214.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company’s stock worth $30,971,000 after acquiring an additional 2,688,847 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of SoFi Technologies in the third quarter worth about $16,014,000. Raymond James Financial Inc. acquired a new position in shares of SoFi Technologies in the fourth quarter worth about $14,479,000. Finally, Zacks Investment Management acquired a new position in shares of SoFi Technologies in the third quarter worth about $3,766,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

Analyst Ratings Changes

SOFI has been the topic of several recent analyst reports. William Blair reiterated an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. JPMorgan Chase & Co. boosted 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. The Goldman Sachs Group boosted their price objective on SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Needham & Company LLC boosted their price objective on SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Finally, Bank of America reissued an “underperform” rating and issued a $12.00 price objective on shares of SoFi Technologies in a report on Monday, December 9th. 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’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.50.

SoFi Technologies Stock Down 3.0 %

NASDAQ:SOFI opened at $11.95 on Wednesday. The firm has a market capitalization of $13.10 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. The stock has a 50 day moving average of $14.77 and a 200-day moving average of $12.94. SoFi Technologies, Inc. has a 52 week low of $6.01 and a 52 week high of $18.42. 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 (NASDAQ:SOFI) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the firm earned $0.04 earnings per share. Analysts predict that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 8,914 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 directly owns 178,811 shares in the company, valued at $3,143,497.38. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Jeremy Rishel sold 64,991 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $15.72, for a total value of $1,021,658.52. Following the completion of the sale, the chief technology officer now owns 586,494 shares of the company’s stock, valued at $9,219,685.68. This trade represents a 9.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,004 shares of company stock worth $1,459,060. Company insiders own 2.60% of the company’s stock.

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.