Swiss National Bank Takes $7.35 Million Position in SoFi Technologies, Inc. (NASDAQ:SOFI)

Swiss National Bank purchased a new stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFIGet Rating) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,394,000 shares of the company’s stock, valued at approximately $7,346,000.

A number of other institutional investors have also recently made changes to their positions in SOFI. Steward Partners Investment Advisory LLC grew its holdings in shares of SoFi Technologies by 13.0% during the first quarter. Steward Partners Investment Advisory LLC now owns 20,210 shares of the company’s stock valued at $191,000 after buying an additional 2,332 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in shares of SoFi Technologies by 17.4% during the first quarter. DAVENPORT & Co LLC now owns 35,630 shares of the company’s stock valued at $337,000 after buying an additional 5,290 shares during the last quarter. National Asset Management Inc. grew its holdings in shares of SoFi Technologies by 19.6% during the first quarter. National Asset Management Inc. now owns 63,462 shares of the company’s stock valued at $600,000 after buying an additional 10,417 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of SoFi Technologies by 6.1% during the first quarter. State of New Jersey Common Pension Fund D now owns 337,930 shares of the company’s stock valued at $3,193,000 after buying an additional 19,551 shares during the last quarter. Finally, Sandy Spring Bank grew its holdings in shares of SoFi Technologies by 16.2% during the first quarter. Sandy Spring Bank now owns 78,280 shares of the company’s stock valued at $740,000 after buying an additional 10,889 shares during the last quarter. Hedge funds and other institutional investors own 38.19% of the company’s stock.

SoFi Technologies Stock Down 4.7 %

SOFI opened at $4.64 on Wednesday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.88. SoFi Technologies, Inc. has a 1-year low of $4.60 and a 1-year high of $18.69. The company has a market capitalization of $4.31 billion, a PE ratio of -9.70 and a beta of 1.57. The firm’s 50 day simple moving average is $5.35 and its two-hundred day simple moving average is $6.07.

Analyst Ratings Changes

Several brokerages recently issued reports on SOFI. Bank of America upgraded shares of SoFi Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $8.00 to $9.00 in a report on Wednesday, September 14th. Bank Of America (Bofa) upgraded shares of SoFi Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $8.00 to $9.00 in a report on Wednesday, September 14th. Mizuho raised their target price on shares of SoFi Technologies from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Seaport Res Ptn restated a “neutral” rating on shares of SoFi Technologies in a report on Friday, September 9th. Finally, Credit Suisse Group raised their target price on shares of SoFi Technologies from $8.00 to $8.50 and gave the stock a “neutral” rating in a report on Wednesday, August 3rd. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, SoFi Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $11.69.

SoFi Technologies Profile

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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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Institutional Ownership by Quarter for SoFi Technologies (NASDAQ:SOFI)

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