Lakeshore Financial Planning Inc. Sells 23,098 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Lakeshore Financial Planning Inc. lowered its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 24.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,715 shares of the company’s stock after selling 23,098 shares during the period. SoFi Technologies comprises about 0.5% of Lakeshore Financial Planning Inc.’s holdings, making the stock its 21st largest holding. Lakeshore Financial Planning Inc.’s holdings in SoFi Technologies were worth $1,074,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Amundi lifted its position in SoFi Technologies by 58,176.3% in the 4th quarter. Amundi now owns 2,705,185 shares of the company’s stock valued at $39,360,000 after acquiring an additional 2,700,543 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of SoFi Technologies by 214.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,940,340 shares of the company’s stock worth $30,971,000 after purchasing an additional 2,688,847 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in SoFi Technologies in the 3rd quarter worth $16,014,000. Raymond James Financial Inc. purchased a new stake in SoFi Technologies in the 4th quarter worth $14,479,000. Finally, Berkshire Capital Holdings Inc. increased its stake in SoFi Technologies by 6,208,000.0% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 620,810 shares of the company’s stock worth $9,560,000 after buying an additional 620,800 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Down 0.7 %

SOFI opened at $12.64 on Friday. The stock has a market capitalization of $13.86 billion, a price-to-earnings ratio of 34.16, a PEG ratio of 2.24 and a beta of 1.79. The company has a fifty day moving average of $14.70 and a two-hundred day moving average of $12.94. 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 fifty-two week low of $6.01 and a fifty-two week high of $18.42.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Monday, January 27th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate 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 period last year, the business posted $0.04 EPS. On average, research analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 8,914 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $17.58, for a total value of $156,708.12. Following the completion of the transaction, the executive vice president now owns 178,811 shares of the company’s stock, valued at $3,143,497.38. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 27,013 shares of company stock worth $437,402. 2.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SOFI has been the subject of several research reports. Needham & Company LLC increased their price objective on shares of SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Dbs Bank raised shares of SoFi Technologies to a “strong-buy” rating in a report on Friday, February 21st. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $8.00 price target (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. William Blair reaffirmed an “outperform” rating on shares of SoFi Technologies in a report on Friday, January 24th. Finally, Citigroup increased their price target 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 research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.