SoFi Technologies, Inc. (NASDAQ:SOFI) Holdings Raised by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC grew its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 91.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,500 shares of the company’s stock after acquiring an additional 5,500 shares during the period. Gilliland Jeter Wealth Management LLC’s holdings in SoFi Technologies were worth $177,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SOFI. FNY Investment Advisers LLC increased 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 purchasing an additional 1,905 shares during the last quarter. Capital Performance Advisors LLP bought a new position in SoFi Technologies during the third quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in shares of SoFi Technologies during the 3rd quarter worth about $28,000. Waldron Private Wealth LLC bought a new stake in SoFi Technologies during the 3rd quarter valued at approximately $39,000. Finally, AdvisorNet Financial Inc grew its holdings in SoFi Technologies by 63.5% in the 4th quarter. AdvisorNet Financial Inc now owns 5,486 shares of the company’s stock valued at $84,000 after buying an additional 2,130 shares during the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Stock Down 4.5 %

Shares of NASDAQ SOFI opened at $14.80 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The company has a market cap of $16.06 billion, a price-to-earnings ratio of 40.00, a price-to-earnings-growth ratio of 2.12 and a beta of 1.78. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $18.42. The firm’s 50-day simple moving average is $15.79 and its 200 day simple moving average is $11.55.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Monday, January 27th. The company reported $0.05 earnings per share (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 quarter last year, the business earned $0.04 EPS. On average, research analysts expect that SoFi Technologies, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Kelli Keough sold 9,590 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $14.56, for a total transaction of $139,630.40. Following the completion of the sale, the executive vice president now directly owns 142,613 shares of the company’s stock, valued at $2,076,445.28. The trade was a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Bashir Ruzwana sold 52,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $16.02, for a total transaction of $833,040.00. Following the completion of the transaction, the director now owns 25,937 shares in the company, valued at $415,510.74. This represents a 66.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,008,870 shares of company stock valued at $416,950,073 over the last 90 days. 2.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group increased their price objective on SoFi Technologies from $8.50 to $9.50 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Mizuho raised their price target on shares of SoFi Technologies from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. UBS Group upped their price objective on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Finally, William Blair reiterated an “outperform” rating on shares of SoFi Technologies in a research report on Friday, January 24th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.