Mirae Asset Global Investments Co. Ltd. reduced its holdings in shares of SoFi Technologies, Inc. (NASDAQ:SOFI – Get Rating) by 14.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,216,889 shares of the company’s stock after selling 198,832 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.13% of SoFi Technologies worth $5,610,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. First Trust Advisors LP grew its position in SoFi Technologies by 1,602.2% during the 4th quarter. First Trust Advisors LP now owns 230,153 shares of the company’s stock worth $1,061,000 after purchasing an additional 216,632 shares during the last quarter. Venture Visionary Partners LLC purchased a new position in SoFi Technologies during the 4th quarter worth $704,000. Hourglass Capital LLC grew its position in SoFi Technologies by 463.2% during the 4th quarter. Hourglass Capital LLC now owns 107,000 shares of the company’s stock worth $493,000 after purchasing an additional 88,000 shares during the last quarter. HBK Sorce Advisory LLC purchased a new position in SoFi Technologies during the 4th quarter worth $69,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of SoFi Technologies by 6,306.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 38,056 shares of the company’s stock valued at $175,000 after acquiring an additional 37,462 shares in the last quarter. 34.32% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, CEO Anthony Noto acquired 108,000 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was acquired at an average price of $4.67 per share, with a total value of $504,360.00. Following the completion of the transaction, the chief executive officer now directly owns 6,488,539 shares in the company, valued at approximately $30,301,477.13. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Anthony Noto acquired 108,000 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was acquired at an average price of $4.67 per share, with a total value of $504,360.00. Following the completion of the transaction, the chief executive officer now directly owns 6,488,539 shares in the company, valued at approximately $30,301,477.13. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Jeremy Rishel sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $5.47, for a total transaction of $1,094,000.00. Following the completion of the transaction, the chief technology officer now directly owns 101,582 shares of the company’s stock, valued at approximately $555,653.54. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 341,926 shares of company stock worth $1,776,266. Insiders own 13.00% of the company’s stock.
Wall Street Analysts Forecast Growth
SoFi Technologies Trading Up 6.7 %
Shares of SOFI opened at $5.26 on Tuesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.31 and a current ratio of 1.80. The company has a 50-day moving average of $5.56 and a two-hundred day moving average of $5.55. SoFi Technologies, Inc. has a 12-month low of $4.24 and a 12-month high of $8.52.
SoFi Technologies (NASDAQ:SOFI – Get Rating) last announced its earnings results on Monday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $460.20 million during the quarter, compared to analysts’ expectations of $436.78 million. SoFi Technologies had a negative net margin of 13.72% and a negative return on equity of 4.70%. The firm’s quarterly revenue was up 43.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.14) earnings per share. As a group, equities research analysts expect that SoFi Technologies, Inc. will post -0.19 earnings per share for the current fiscal year.
About SoFi Technologies
SoFi Technologies, Inc provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans.
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