SoFi Technologies, Inc. (NASDAQ:SOFI) Stock Position Raised by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 123.1% in the fourth quarter, HoldingsChannel reports. The firm owned 2,740,628 shares of the company’s stock after acquiring an additional 1,512,326 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in SoFi Technologies were worth $40,671,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of SoFi Technologies in the 4th quarter valued at about $27,000. Brooklyn Investment Group acquired a new position in SoFi Technologies in the 3rd quarter valued at approximately $28,000. Hollencrest Capital Management acquired a new position in SoFi Technologies in the 4th quarter valued at approximately $31,000. FNY Investment Advisers LLC lifted its position in SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after buying an additional 1,905 shares in the last quarter. Finally, IAG Wealth Partners LLC acquired a new stake in shares of SoFi Technologies during the 4th quarter valued at $38,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SOFI has been the topic of a number of research reports. Bank of America reaffirmed an “underperform” rating and issued a $12.00 price target on shares of SoFi Technologies in a research note on Monday, December 9th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $8.00 target price (up from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Citigroup lifted their price target on SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. The Goldman Sachs Group increased their price objective on SoFi Technologies from $8.50 to $9.50 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Finally, UBS Group lifted their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.50.

Insider Activity at SoFi Technologies

In related news, CTO Jeremy Rishel sold 68,625 shares of SoFi Technologies 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 sale, the chief technology officer now directly owns 655,118 shares of the company’s stock, valued at $8,280,691.52. This trade represents a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the executive vice president now directly owns 178,811 shares of the company’s stock, valued at approximately $3,143,497.38. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,905 shares of company stock worth $1,308,075 in the last ninety days. 2.60% of the stock is currently owned by insiders.

SoFi Technologies Trading Down 2.9 %

Shares of NASDAQ:SOFI opened at $11.85 on Friday. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-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 has a market cap of $12.99 billion, a P/E ratio of 32.03, a P/E/G ratio of 2.24 and a beta of 1.79. The stock’s 50-day moving average is $14.42 and its 200-day moving average is $13.21.

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

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.