SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,458 shares of the company’s stock after acquiring an additional 13,088 shares during the period. Pictet Asset Management Holding SA’s holdings in SoFi Technologies were worth $2,271,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in SoFi Technologies during the fourth quarter worth $27,000. Hollencrest Capital Management purchased a new stake in shares of SoFi Technologies in the 4th quarter worth about $31,000. FNY Investment Advisers LLC grew its stake in SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock valued at $33,000 after acquiring an additional 1,905 shares during the last quarter. IAG Wealth Partners LLC purchased a new position in SoFi Technologies during the 4th quarter valued at about $38,000. Finally, Nomura Asset Management Co. Ltd. raised its position in SoFi Technologies by 33.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 4,400 shares of the company’s stock worth $68,000 after acquiring an additional 1,100 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SOFI. William Blair reissued an “outperform” rating on shares of SoFi Technologies in a research note on Friday, January 24th. Dbs Bank raised SoFi Technologies to a “strong-buy” rating in a research report on Friday, February 21st. Morgan Stanley upped their price objective on SoFi Technologies from $7.50 to $13.00 and gave the company an “underweight” rating in a research report on Thursday, December 19th. Bank of America reiterated an “underperform” rating and set a $12.00 price objective on shares of SoFi Technologies in a research report on Monday, December 9th. Finally, UBS Group upped their target price on shares of SoFi Technologies from $10.50 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and a consensus target price of $12.50.

SoFi Technologies Trading Down 10.1 %

Shares of SOFI stock opened at $9.57 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. SoFi Technologies, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $18.42. The firm’s 50 day moving average price is $13.78 and its two-hundred day moving average price is $13.30. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.05 earnings per share 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 in the previous year, the business posted $0.04 earnings per share. On average, analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Kelli Keough sold 11,181 shares of SoFi Technologies stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.72, for a total transaction of $142,222.32. Following the sale, the executive vice president now owns 226,210 shares of the company’s stock, valued at $2,877,391.20. The trade was a 4.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the completion of the transaction, the chief technology officer now directly owns 655,118 shares of the company’s stock, valued at approximately $8,280,691.52. The trade was a 9.48 % decrease in their ownership of the stock. 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 90 days. 2.60% of the stock is owned by company insiders.

SoFi Technologies Company 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.