Hel Ved Capital Management Ltd Purchases Shares of 217,400 SoFi Technologies, Inc. (NASDAQ:SOFI)

Hel Ved Capital Management Ltd bought a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 217,400 shares of the company’s stock, valued at approximately $3,348,000.

Several other hedge funds have also bought and sold shares of SOFI. Thoroughbred Financial Services LLC bought a new stake in SoFi Technologies in the 4th quarter valued at $228,000. Creekmur Asset Management LLC lifted its stake in shares of SoFi Technologies by 7,151.3% during the 4th quarter. Creekmur Asset Management LLC now owns 28,715 shares of the company’s stock worth $442,000 after buying an additional 28,319 shares during the last quarter. Trexquant Investment LP lifted its stake in shares of SoFi Technologies by 282.0% during the 4th quarter. Trexquant Investment LP now owns 617,831 shares of the company’s stock worth $9,515,000 after buying an additional 456,096 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of SoFi Technologies by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 17,934,983 shares of the company’s stock worth $276,288,000 after buying an additional 315,899 shares during the period. Finally, HighPoint Advisor Group LLC grew its stake in SoFi Technologies by 6.0% in the 4th quarter. HighPoint Advisor Group LLC now owns 74,961 shares of the company’s stock valued at $1,112,000 after buying an additional 4,268 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 11,181 shares of SoFi Technologies stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.72, for a total transaction of $142,222.32. Following the sale, the executive vice president now directly owns 226,210 shares of the company’s stock, valued at approximately $2,877,391.20. This trade represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 68,625 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $12.64, for a total value of $867,420.00. Following the sale, the chief technology officer now owns 655,118 shares in the company, valued at approximately $8,280,691.52. This trade represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,905 shares of company stock valued at $1,308,075. 2.60% of the stock is currently owned by insiders.

SoFi Technologies Trading Down 10.1 %

Shares of SOFI opened at $9.57 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.18 and a current ratio of 0.49. SoFi Technologies, Inc. has a 52-week low of $6.01 and a 52-week high of $18.42. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 2.24 and a beta of 1.79. The business’s fifty day moving average is $13.78 and its 200-day moving average is $13.30.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Monday, January 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm earned $0.04 EPS. Equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods restated 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. Dbs Bank upgraded SoFi Technologies to a “strong-buy” rating in a research note on Friday, February 21st. Morgan Stanley increased their price objective on SoFi Technologies from $7.50 to $13.00 and gave the stock an “underweight” rating in a research report on Thursday, December 19th. Needham & Company LLC boosted their target price on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Finally, Citigroup raised their price target on shares of SoFi Technologies from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.50.

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.