Global Retirement Partners LLC Has $764,000 Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Global Retirement Partners LLC raised its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,586 shares of the company’s stock after purchasing an additional 2,984 shares during the quarter. Global Retirement Partners LLC’s holdings in SoFi Technologies were worth $764,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SOFI. Blue Trust Inc. boosted its holdings in shares of SoFi Technologies by 67.9% in the 3rd quarter. Blue Trust Inc. now owns 13,606 shares of the company’s stock valued at $107,000 after purchasing an additional 5,504 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of SoFi Technologies by 2.1% in the 3rd quarter. Raymond James & Associates now owns 531,363 shares of the company’s stock valued at $4,177,000 after purchasing an additional 11,062 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of SoFi Technologies in the 3rd quarter valued at $137,000. International Assets Investment Management LLC boosted its holdings in shares of SoFi Technologies by 1,159.5% in the 3rd quarter. International Assets Investment Management LLC now owns 346,673 shares of the company’s stock valued at $2,725,000 after purchasing an additional 319,148 shares in the last quarter. Finally, Trueblood Wealth Management LLC boosted its holdings in shares of SoFi Technologies by 30.4% in the 3rd quarter. Trueblood Wealth Management LLC now owns 28,824 shares of the company’s stock valued at $227,000 after purchasing an additional 6,721 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies Stock Down 5.7 %

Shares of NASDAQ:SOFI opened at $14.67 on Friday. The firm has a market cap of $15.92 billion, a P/E ratio of 39.65, a P/E/G ratio of 2.24 and a beta of 1.77. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. SoFi Technologies, Inc. has a 12-month low of $6.01 and a 12-month high of $18.42. The business has a fifty day simple moving average of $15.70 and a 200 day simple moving average of $12.23.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.05 earnings per share 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 last year, the firm posted $0.04 earnings per share. Analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. Needham & Company LLC raised 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. Mizuho raised their price objective on SoFi Technologies from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Finally, Citigroup raised their price objective on SoFi Technologies from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Four 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 data from MarketBeat, SoFi Technologies has a consensus rating of “Hold” and a consensus price target of $12.50.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Eric Schuppenhauer acquired 30,600 shares of the stock in a transaction dated Monday, December 16th. The stock was purchased at an average cost of $16.34 per share, with a total value of $500,004.00. Following the transaction, the executive vice president now owns 46,105 shares in the company, valued at approximately $753,355.70. The trade was a 197.36 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kelli Keough sold 8,914 shares of SoFi Technologies stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $15.59, for a total value of $138,969.26. Following the completion of the transaction, the executive vice president now directly owns 187,725 shares of the company’s stock, valued at approximately $2,926,632.75. This trade represents a 4.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,008,465 shares of company stock valued at $416,952,167. Corporate 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.