SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Sold by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC cut its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 60.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 299,446 shares of the company’s stock after selling 453,652 shares during the quarter. SoFi Technologies makes up 0.5% of AlphaStar Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding. AlphaStar Capital Management LLC’s holdings in SoFi Technologies were worth $4,611,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Hanseatic Management Services Inc. acquired a new position in shares of SoFi Technologies in the fourth quarter valued at approximately $1,116,000. Kercheville Advisors LLC acquired a new position in SoFi Technologies in the 4th quarter valued at $1,594,000. Charles Schwab Investment Management Inc. raised its position in SoFi Technologies by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,145,837 shares of the company’s stock worth $48,306,000 after buying an additional 87,097 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of SoFi Technologies in the 3rd quarter worth $3,766,000. Finally, Citizens Financial Group Inc. RI boosted its holdings in shares of SoFi Technologies by 41.5% in the third quarter. Citizens Financial Group Inc. RI now owns 240,735 shares of the company’s stock valued at $1,892,000 after acquiring an additional 70,603 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a research report on Thursday, January 2nd. Bank of America reiterated an “underperform” rating and issued a $12.00 price objective on shares of SoFi Technologies in a research report on Monday, December 9th. UBS Group boosted their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. Finally, Citigroup increased their target price on shares of SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and an average target price of $12.50.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $16.03, for a total transaction of $386,417,705.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 8,914 shares of the business’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 transaction of $156,708.12. Following the sale, the executive vice president now owns 178,811 shares of the company’s stock, valued at approximately $3,143,497.38. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,008,870 shares of company stock worth $416,950,073 in the last ninety days. Insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Up 0.7 %

SOFI stock opened at $14.91 on Friday. The company has a 50 day moving average price of $15.76 and a two-hundred day moving average price of $11.63. 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 stock has a market capitalization of $16.18 billion, a P/E ratio of 40.30, a PEG ratio of 2.04 and a beta of 1.77. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings results 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 return on equity of 3.82% and a net margin of 18.64%. During the same period in the previous year, the business posted $0.04 earnings per share. As a group, sell-side analysts expect that SoFi Technologies, Inc. will post 0.27 EPS 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.