California Public Employees Retirement System Has $34.15 Million Stock Holdings in SoFi Technologies, Inc. $SOFI

California Public Employees Retirement System raised its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 9.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,875,222 shares of the company’s stock after purchasing an additional 160,903 shares during the quarter. California Public Employees Retirement System owned 0.17% of SoFi Technologies worth $34,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in SoFi Technologies by 2.0% in the 4th quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock valued at $11,077,000 after buying an additional 14,281 shares in the last quarter. US Bancorp DE lifted its holdings in shares of SoFi Technologies by 35.2% during the first quarter. US Bancorp DE now owns 42,386 shares of the company’s stock valued at $493,000 after acquiring an additional 11,031 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of SoFi Technologies by 16.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 27,993 shares of the company’s stock valued at $326,000 after purchasing an additional 3,980 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of SoFi Technologies by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,472,726 shares of the company’s stock valued at $75,278,000 after purchasing an additional 159,109 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of SoFi Technologies in the 1st quarter worth about $28,000. 38.43% of the stock is currently owned by institutional investors.

SoFi Technologies Trading Up 1.0%

SOFI stock opened at $27.09 on Thursday. The company has a market cap of $32.67 billion, a P/E ratio of 50.17 and a beta of 1.93. SoFi Technologies, Inc. has a twelve month low of $8.60 and a twelve 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 has a fifty day moving average of $28.24 and a 200-day moving average of $23.65.

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

Insider Transactions at SoFi Technologies

In other news, insider Arun Pinto sold 46,132 shares of SoFi Technologies stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the completion of the sale, the insider owned 138,396 shares in the company, valued at $3,426,684.96. The trade was a 25.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Jeremy Rishel sold 98,733 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $27.50, for a total transaction of $2,715,157.50. Following the completion of the transaction, the chief technology officer owned 759,553 shares in the company, valued at $20,887,707.50. This represents a 11.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 175,277 shares of company stock worth $4,694,595 in the last quarter. 2.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SOFI shares. Jefferies Financial Group reissued a “buy” rating and set a $35.00 price target on shares of SoFi Technologies in a report on Tuesday, October 28th. Mizuho set a $38.00 target price on shares of SoFi Technologies in a research note on Thursday, October 30th. Morgan Stanley boosted their target price on SoFi Technologies from $13.00 to $18.00 and gave the stock an “underweight” rating in a report on Monday, September 29th. JPMorgan Chase & Co. raised their price target on SoFi Technologies from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Finally, UBS Group boosted their price objective on SoFi Technologies from $20.50 to $27.50 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and an average price target of $25.69.

SoFi Technologies Company Profile

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.