Baltimore Washington Financial Advisors Inc. Buys 67,779 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Baltimore Washington Financial Advisors Inc. increased its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 12.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 592,930 shares of the company’s stock after acquiring an additional 67,779 shares during the quarter. Baltimore Washington Financial Advisors Inc. owned 0.05% of SoFi Technologies worth $9,131,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SOFI. Capital Performance Advisors LLP bought a new stake in SoFi Technologies during the 3rd quarter valued at $27,000. Brooklyn Investment Group bought a new stake in SoFi Technologies during the 3rd quarter valued at $28,000. FNY Investment Advisers LLC increased its stake in SoFi Technologies by 727.1% during the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock valued at $33,000 after purchasing an additional 1,905 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in SoFi Technologies during the 3rd quarter valued at $39,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in SoFi Technologies during the 3rd quarter valued at $47,000. Institutional investors own 38.43% of the company’s stock.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 9,590 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total value of $139,630.40. Following the sale, the executive vice president now directly owns 142,613 shares of the company’s stock, valued at approximately $2,076,445.28. This represents a 6.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the 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 disclosure for this sale can be found here. Insiders have sold a total of 26,008,870 shares of company stock valued at $416,950,073 over the last three months. 2.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Citigroup boosted their price target on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Bank of America restated an “underperform” rating and set a $12.00 price target on shares of SoFi Technologies in a research note on Monday, December 9th. JPMorgan Chase & Co. lifted their price objective on shares of SoFi Technologies from $9.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Needham & Company LLC lifted their price objective on shares of SoFi Technologies from $13.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, Jefferies Financial Group lifted their price objective on shares of SoFi Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.50.

SoFi Technologies Price Performance

Shares of NASDAQ:SOFI opened at $15.40 on Tuesday. The company has a market capitalization of $16.71 billion, a P/E ratio of 41.62, a price-to-earnings-growth ratio of 2.12 and a beta of 1.78. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. The company’s 50-day moving average is $15.84 and its 200 day moving average is $11.45.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings data on Monday, January 27th. The company reported $0.05 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 quarter in the prior year, the firm earned $0.04 EPS. On average, equities research analysts forecast that SoFi Technologies, Inc. will post 0.28 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.