Westbourne Investment Advisors Inc. Invests $6.72 Million in SoFi Technologies, Inc. $SOFI

Westbourne Investment Advisors Inc. purchased a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 254,164 shares of the company’s stock, valued at approximately $6,715,000. SoFi Technologies comprises approximately 1.9% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 19th biggest position.

A number of other hedge funds have also bought and sold shares of SOFI. Edmond DE Rothschild Holding S.A. bought a new stake in SoFi Technologies in the 1st quarter valued at about $39,000. Bartlett & CO. Wealth Management LLC increased its holdings in shares of SoFi Technologies by 46.9% during the third quarter. Bartlett & CO. Wealth Management LLC now owns 1,469 shares of the company’s stock worth $39,000 after purchasing an additional 469 shares during the period. TD Private Client Wealth LLC raised its position in shares of SoFi Technologies by 153.9% in the second quarter. TD Private Client Wealth LLC now owns 2,562 shares of the company’s stock valued at $47,000 after buying an additional 1,553 shares in the last quarter. Hilltop National Bank boosted its stake in shares of SoFi Technologies by 888.0% in the third quarter. Hilltop National Bank now owns 1,976 shares of the company’s stock valued at $52,000 after buying an additional 1,776 shares during the period. Finally, Grove Bank & Trust grew its position in SoFi Technologies by 151.4% during the third quarter. Grove Bank & Trust now owns 2,004 shares of the company’s stock worth $53,000 after buying an additional 1,207 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SOFI shares. Mizuho set a $38.00 price objective on SoFi Technologies in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SoFi Technologies in a research note on Wednesday, October 8th. Truist Financial cut their price objective on shares of SoFi Technologies from $31.00 to $28.00 and set a “hold” rating for the company in a research report on Tuesday, November 25th. UBS Group raised their target price on shares of SoFi Technologies from $20.50 to $27.50 and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, BTIG Research restated a “neutral” rating on shares of SoFi Technologies in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, SoFi Technologies has an average rating of “Hold” and a consensus target price of $25.69.

SoFi Technologies Stock Performance

SoFi Technologies stock opened at $26.82 on Tuesday. SoFi Technologies, Inc. has a 12-month low of $8.60 and a 12-month high of $32.73. The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average price is $28.15 and its two-hundred day moving average price is $24.92. The stock has a market cap of $32.34 billion, a PE ratio of 49.67 and a beta of 1.93.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Tuesday, October 28th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. SoFi Technologies had a net margin of 19.29% and a return on equity of 5.12%. The firm had revenue of $949.63 million during the quarter, compared to analysts’ expectations of $880.33 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. SoFi Technologies has set its FY 2025 guidance at 0.370-0.370 EPS. As a group, analysts expect that SoFi Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 9,468 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $27.14, for a total transaction of $256,961.52. Following the sale, the executive vice president owned 312,948 shares of the company’s stock, valued at approximately $8,493,408.72. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Jeremy Rishel sold 91,837 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $26.64, for a total transaction of $2,446,537.68. Following the transaction, the chief technology officer owned 794,598 shares of the company’s stock, valued at $21,168,090.72. This trade represents a 10.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 167,813 shares of company stock worth $4,403,334 over the last quarter. Corporate insiders own 2.60% of the company’s stock.

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.