Trexquant Investment LP Raises Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Trexquant Investment LP boosted its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 282.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 617,831 shares of the company’s stock after acquiring an additional 456,096 shares during the quarter. Trexquant Investment LP owned about 0.06% of SoFi Technologies worth $9,515,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake 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 purchasing an additional 315,899 shares during the period. HighPoint Advisor Group LLC raised its position in SoFi Technologies by 6.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 74,961 shares of the company’s stock valued at $1,112,000 after purchasing an additional 4,268 shares during the period. Alliancebernstein L.P. boosted its holdings in SoFi Technologies by 234.4% in the 4th quarter. Alliancebernstein L.P. now owns 1,286,698 shares of the company’s stock worth $19,815,000 after acquiring an additional 901,865 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of SoFi Technologies in the fourth quarter valued at $325,000. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of SoFi Technologies by 121.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 37,780 shares of the company’s stock valued at $582,000 after acquiring an additional 20,705 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Up 3.4 %

Shares of SOFI opened at $12.31 on Thursday. SoFi Technologies, Inc. has a one year low of $6.01 and a one year high of $18.42. The firm has a 50 day simple moving average of $14.10 and a two-hundred day simple moving average of $13.30. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The company has a market cap of $13.50 billion, a P/E ratio of 33.27, a P/E/G ratio of 2.24 and a beta of 1.79.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Monday, January 27th. The company reported $0.05 EPS 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 quarter in the prior year, the firm posted $0.04 EPS. Research analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Dbs Bank upgraded shares of SoFi Technologies to a “strong-buy” rating in a research note on Friday, February 21st. Bank of America restated an “underperform” rating and issued a $12.00 price target on shares of SoFi Technologies in a research note on Monday, December 9th. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $8.00 target price (up previously from $7.00) on shares of SoFi Technologies in a research note on Thursday, January 2nd. UBS Group lifted their price objective on shares of SoFi Technologies from $10.50 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Finally, Needham & Company LLC increased their price target on SoFi Technologies from $13.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Four 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 given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.50.

Insider Buying and Selling at SoFi Technologies

In other news, EVP Kelli Keough sold 8,914 shares of the stock in a transaction 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 transaction, the executive vice president now owns 178,811 shares of the company’s stock, valued at $3,143,497.38. This represents a 4.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Jeremy Rishel sold 68,625 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $12.64, for a total transaction of $867,420.00. Following the transaction, the chief technology officer now directly owns 655,118 shares in the company, valued at approximately $8,280,691.52. This represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,905 shares of company stock worth $1,308,075. 2.60% of the stock is owned by corporate 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.