Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 5,239,086 SoFi Technologies, Inc. $SOFI

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) in the 2nd quarter, Holdings Channel reports. The firm acquired 5,239,086 shares of the company’s stock, valued at approximately $93,937,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Valley Wealth Managers Inc. purchased a new stake in shares of SoFi Technologies during the fourth quarter worth approximately $25,000. Vermillion Wealth Management Inc. lifted its stake in SoFi Technologies by 283.1% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after acquiring an additional 739 shares during the last quarter. Reflection Asset Management purchased a new position in SoFi Technologies in the fourth quarter worth approximately $28,000. Quaker Wealth Management LLC lifted its stake in SoFi Technologies by 2,745.2% in the fourth quarter. Quaker Wealth Management LLC now owns 1,195 shares of the company’s stock worth $31,000 after acquiring an additional 1,153 shares during the last quarter. Finally, American Capital Advisory LLC grew its holdings in SoFi Technologies by 456.7% during the 4th quarter. American Capital Advisory LLC now owns 1,297 shares of the company’s stock worth $34,000 after acquiring an additional 1,064 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SOFI shares. Mizuho reduced their price objective on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Stephens lowered their target price on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. UBS Group dropped their target price on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Weiss Ratings raised SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Citigroup lowered their price objective on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.42.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 10,954 shares of the firm’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $17.19, for a total transaction of $188,299.26. Following the transaction, the executive vice president owned 367,728 shares of the company’s stock, valued at approximately $6,321,244.32. This trade represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total value of $1,815,746.94. Following the sale, the chief technology officer owned 895,089 shares in the company, valued at $15,914,682.42. This trade represents a 10.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 125,219 shares of company stock valued at $2,214,948 in the last 90 days. 2.50% of the stock is currently owned by insiders.

Key Headlines Impacting SoFi Technologies

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: New bullish analyst coverage: Piper Sandler initiated coverage with an Overweight rating and a $22 price target, implying meaningful upside. Analyst Patrick Moley described SoFi as a high-growth company with a powerful product “flywheel” and argued that its expanding product base could justify a premium valuation. Piper Sandler coverage report
• Positive Sentiment: Strong product growth: SoFi’s products are reportedly growing faster than its member base, suggesting rising engagement and increased cross-selling among existing customers. This supports the investment case that SoFi can generate more revenue per member over time. SoFi products growing faster than members
• Positive Sentiment: SoFi Coach expansion: The company is using its financial-planning tool, SoFi Coach, to deepen member engagement, encourage cross-buying and strengthen its integrated financial-services ecosystem. The initiative could improve retention and long-term monetization. SoFi Coach engagement strategy
• Positive Sentiment: Favorable spending trends: SoFi’s second-quarter Debit Spend Index showed strong seasonal spending in travel and experiences, indicating continued activity among members and potential support for transaction-related revenue. SoFi Q2 Debit Spend Index
• Neutral Sentiment: Technical setup remains constructive: A reported breakout from a bullish flag could signal an end to SOFI’s six-month consolidation, although the stock still needs to clear resistance near $20.13 to confirm a larger move. SoFi technical forecast
• Negative Sentiment: Valuation and macro concerns: The bullish analyst call follows a sharp rebound, leaving investors sensitive to profit-taking and questions about whether future growth is already reflected in the valuation. Gas prices at a four-year high also create pressure on household budgets, even as travel spending remains resilient.

SoFi Technologies Stock Down 3.5%

Shares of NASDAQ:SOFI opened at $17.66 on Wednesday. The firm has a 50 day simple moving average of $17.61 and a 200-day simple moving average of $17.71. SoFi Technologies, Inc. has a twelve month low of $14.88 and a twelve month high of $32.73. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $22.81 billion, a PE ratio of 36.79 and a beta of 2.17.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm posted $0.08 EPS. The company’s revenue was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, equities analysts predict that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

SoFi Technologies 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.