AG2R LA Mondiale Gestion D Actifs Buys New Holdings in SoFi Technologies, Inc. $SOFI

AG2R LA Mondiale Gestion D Actifs bought a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 50,255 shares of the company’s stock, valued at approximately $1,316,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in SoFi Technologies by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock valued at $2,906,061,000 after buying an additional 3,900,895 shares in the last quarter. State Street Corp increased its position in SoFi Technologies by 30.7% in the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company’s stock valued at $642,019,000 after buying an additional 5,708,053 shares in the last quarter. Dimensional Fund Advisors LP increased its position in SoFi Technologies by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,792,807 shares of the company’s stock valued at $258,821,000 after buying an additional 67,504 shares in the last quarter. Northern Trust Corp increased its position in SoFi Technologies by 10.4% in the 3rd quarter. Northern Trust Corp now owns 6,632,432 shares of the company’s stock valued at $175,229,000 after buying an additional 625,571 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in SoFi Technologies by 87.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,361,809 shares of the company’s stock valued at $168,079,000 after buying an additional 2,961,849 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

Insider Activity at SoFi Technologies

In other news, CEO Anthony Noto acquired 28,900 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were acquired at an average price of $17.32 per share, for a total transaction of $500,548.00. Following the completion of the purchase, the chief executive officer owned 11,704,352 shares in the company, valued at approximately $202,719,376.64. This trade represents a 0.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Jeremy Rishel sold 94,958 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total value of $1,655,117.94. Following the completion of the transaction, the chief technology officer owned 839,640 shares in the company, valued at approximately $14,634,925.20. The trade was a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 124,197 shares of company stock worth $2,191,758. Insiders own 2.60% of the company’s stock.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $15.90 on Wednesday. SoFi Technologies, Inc. has a twelve month low of $12.74 and a twelve month high of $32.73. The stock’s 50 day moving average price is $17.27 and its 200-day moving average price is $22.83. The company has a market capitalization of $20.28 billion, a PE ratio of 36.14 and a beta of 2.12. The company has a quick ratio of 0.18, a current ratio of 0.75 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s revenue was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, equities analysts anticipate that SoFi Technologies, Inc. will post 0.59 EPS for the current year.

Key SoFi Technologies News

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

• Positive Sentiment: CEO Anthony Noto bought 15,545 shares at about $16.00 each, a signal of insider confidence that can support investor sentiment. SoFi Technologies (NASDAQ:SOFI) CEO Anthony Noto Buys 15,545 Shares
• Positive Sentiment: Reports say SoFi acquired most of PrimaryBid, expanding its capital markets capabilities and potentially adding new growth avenues in fintech and retail investing. SoFi Acquires Capital Markets Partner PrimaryBid
• Positive Sentiment: SoFi’s latest quarter showed strong fundamentals, with revenue up 42.6% year over year to $1.09 billion and EPS matching expectations, reinforcing the company’s growth story. Here’s What I Think Is Really Going On With SoFi Stock
• Neutral Sentiment: SoFi’s head of investment strategy, Liz Thomas, warned investors to look beyond the surface strength in the broader market, a comment that does not directly change the company’s outlook but reflects a cautious stance. SoFi’s Liz Thomas has a message for stock market investors
• Negative Sentiment: Truist cut its price target on SoFi to $17 from $20 and kept a Hold rating, citing slower loan platform assumptions and softer expectations for technology revenue. Truist Cuts SoFi Price Target to $17: Loan Platform Slowdown Pressures the Bull Case

Wall Street Analysts Forecast Growth

A number of analysts have commented on SOFI shares. TD Cowen decreased their price objective on SoFi Technologies from $24.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Stephens decreased their price objective on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company 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 Friday. Morgan Stanley set a $16.00 price objective on SoFi Technologies in a report on Thursday, April 30th. Finally, Needham & Company LLC decreased their price objective on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, SoFi Technologies currently has a consensus rating of “Hold” and a consensus target price of $22.56.

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.