First Trust Advisors LP Sells 628,589 Shares of SoFi Technologies, Inc. $SOFI

First Trust Advisors LP lowered its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 15.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,320,409 shares of the company’s stock after selling 628,589 shares during the period. First Trust Advisors LP’s holdings in SoFi Technologies were worth $87,725,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Salomon & Ludwin LLC purchased a new position in SoFi Technologies during the third quarter worth about $29,000. SJS Investment Consulting Inc. increased its stake in SoFi Technologies by 840.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock valued at $30,000 after buying an additional 1,000 shares during the last quarter. Blume Capital Management Inc. increased its stake in SoFi Technologies by 52.9% in the 3rd quarter. Blume Capital Management Inc. now owns 1,300 shares of the company’s stock valued at $34,000 after buying an additional 450 shares during the last quarter. Assetmark Inc. lifted its position in shares of SoFi Technologies by 50.5% during the 3rd quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock worth $34,000 after buying an additional 427 shares in the last quarter. Finally, Bessemer Group Inc. bought a new position in shares of SoFi Technologies during the 3rd quarter worth approximately $36,000. 38.43% of the stock is owned by institutional investors.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,755 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $18.87, for a total value of $184,076.85. Following the transaction, the executive vice president owned 293,725 shares in the company, valued at approximately $5,542,590.75. The trade was a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Robert S. Lavet acquired 5,000 shares of the stock in a transaction dated Friday, February 6th. The shares were purchased at an average cost of $21.04 per share, with a total value of $105,200.00. Following the completion of the purchase, the general counsel owned 17,172 shares of the company’s stock, valued at approximately $361,298.88. The trade was a 41.08% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 214,753 shares of company stock worth $5,045,087 over the last ninety days. Insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SOFI shares. Needham & Company LLC reduced their target price on SoFi Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Barclays lifted their price target on SoFi Technologies from $23.00 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. The Goldman Sachs Group cut their price objective on SoFi Technologies from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 6th. JPMorgan Chase & Co. raised SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 target price for the company in a research report on Tuesday, February 3rd. Finally, UBS Group set a $24.50 target price on SoFi Technologies in a research note on Monday, February 2nd. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.34.

SoFi Technologies Stock Performance

NASDAQ SOFI opened at $18.79 on Tuesday. The stock has a market capitalization of $23.96 billion, a PE ratio of 49.45 and a beta of 2.21. SoFi Technologies, Inc. has a 1 year low of $8.60 and a 1 year high of $32.73. The company’s 50 day simple moving average is $22.79 and its two-hundred day simple moving average is $25.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.18.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Friday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. SoFi Technologies had a net margin of 13.34% and a return on equity of 5.88%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $984.75 million. During the same period in the previous year, the business earned $0.05 earnings per share. The firm’s quarterly revenue was up 39.6% compared to the same quarter last year. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. Analysts predict that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

SoFi Technologies Company Profile

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.