SoFi Technologies, Inc. $SOFI is AXQ Capital LP’s 7th Largest Position

AXQ Capital LP lifted its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 93.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,670 shares of the company’s stock after purchasing an additional 51,013 shares during the quarter. SoFi Technologies accounts for approximately 0.6% of AXQ Capital LP’s holdings, making the stock its 7th biggest position. AXQ Capital LP’s holdings in SoFi Technologies were worth $2,766,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in SoFi Technologies by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock worth $2,906,061,000 after buying an additional 3,900,895 shares in the last quarter. State Street Corp increased its holdings in SoFi Technologies by 30.7% in the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after buying an additional 5,708,053 shares in the last quarter. Geode Capital Management LLC boosted its position in SoFi Technologies by 9.0% in the fourth quarter. Geode Capital Management LLC now owns 23,642,936 shares of the company’s stock worth $618,395,000 after purchasing an additional 1,951,248 shares during the last quarter. Norges Bank purchased a new position in SoFi Technologies in the fourth quarter worth about $321,515,000. Finally, Dimensional Fund Advisors LP boosted its position in SoFi Technologies by 0.7% in the third quarter. Dimensional Fund Advisors LP now owns 9,792,807 shares of the company’s stock worth $258,821,000 after purchasing an additional 67,504 shares during the last quarter. 38.43% of the stock is currently owned by institutional investors.

Insider Transactions at SoFi Technologies

In other news, EVP Kelli Keough sold 10,037 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $15.53, for a total value of $155,874.61. Following the transaction, the executive vice president owned 323,247 shares of the company’s stock, valued at $5,020,025.91. The trade was a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Noto bought 28,900 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was purchased at an average price of $17.32 per share, with a total value of $500,548.00. Following the completion of the acquisition, the chief executive officer owned 11,704,352 shares of the company’s stock, valued at approximately $202,719,376.64. This trade represents a 0.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 124,479 shares of company stock valued at $2,163,556 in the last quarter. Insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SOFI. Needham & Company LLC dropped their target price on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Wells Fargo & Company lowered their price objective on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Stephens lowered their price objective on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.00 price objective on shares of SoFi Technologies in a research report on Thursday, April 30th. Finally, Weiss Ratings cut SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, SoFi Technologies presently has an average rating of “Hold” and an average price target of $22.56.

SoFi Technologies Price Performance

SOFI opened at $18.58 on Tuesday. The company has a fifty day simple moving average of $16.72 and a 200 day simple moving average of $21.50. The firm has a market cap of $23.83 billion, a price-to-earnings ratio of 42.23 and a beta of 2.14. SoFi Technologies, Inc. has a twelve month low of $13.09 and a twelve month high of $32.73. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm posted $0.06 EPS. The firm’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. Equities research analysts expect that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: SoFi appointed former Visa executive Kathleen Pierce-Gilmore as president of technology solutions, a move that could strengthen leadership and help expand the company’s fintech platform and partnerships. SoFi Names Visa Vet Kathleen Pierce-Gilmore President
• Positive Sentiment: Multiple market notes say SOFI is drawing heavy investor and retail attention, with articles highlighting a strong recent rally and unusually high trading volume, which can reinforce momentum in the stock. Investors Heavily Search SoFi Technologies, Inc. (SOFI): Here is What You Need to Know
• Positive Sentiment: Commentary around SoFi’s transformation from a student-loan lender into a broader fintech platform is helping support the bull case and keeping the stock in the spotlight. Inside SoFi’s shocking transformation from student loan company to fintech powerhouse
• Neutral Sentiment: SoFi was mentioned as a potential venue for SpaceX IPO access and in broader market wrapups, but these items do not appear to materially change near-term fundamentals. How to Try to Buy SpaceX Stock at the IPO Price
• Neutral Sentiment: One article asked whether SOFI could double this year, but framed that outcome as a stretch, which adds attention more than it changes the investment thesis. Prediction: Will SoFi Stock Double This Year?
• Negative Sentiment: A skeptical stock-prediction piece suggested SoFi’s recent rebound may not be enough to justify another major leg higher, which could temper enthusiasm after the rally. Prediction: Will SoFi Stock Double This Year?

About SoFi Technologies

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.