Fjarde AP Fonden Fourth Swedish National Pension Fund Has $6.77 Million Stake in SoFi Technologies, Inc. $SOFI

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 59.0% in the first quarter, Holdings Channel.com reports. The firm owned 426,050 shares of the company’s stock after acquiring an additional 158,050 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in SoFi Technologies were worth $6,766,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted 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 worth $2,906,061,000 after buying an additional 3,900,895 shares in the last quarter. State Street Corp increased its stake in shares of SoFi Technologies by 6.7% in the fourth quarter. State Street Corp now owns 25,937,928 shares of the company’s stock worth $679,055,000 after acquiring an additional 1,637,430 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of 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 acquiring an additional 1,951,248 shares during the last quarter. Morgan Stanley raised its holdings in shares of SoFi Technologies by 33.6% during the fourth quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock worth $348,806,000 after acquiring an additional 3,350,258 shares in the last quarter. Finally, Norges Bank acquired a new stake in SoFi Technologies during the fourth quarter valued at $321,515,000. 38.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Kelli Keough sold 10,954 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $17.35, for a total value of $190,051.90. Following the sale, the executive vice president owned 378,682 shares in the company, valued at approximately $6,570,132.70. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the transaction, the chief technology officer directly owned 895,089 shares in the company, valued at $15,914,682.42. This trade represents a 10.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 134,044 shares of company stock valued at $2,370,056. 2.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays cut their price target on SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Mizuho set a $29.00 target price on shares of SoFi Technologies in a research note on Wednesday, May 6th. UBS Group decreased their target price on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Morgan Stanley set a $16.00 price target on shares of SoFi Technologies in a research note on Thursday, April 30th. Finally, TD Cowen cut their price target on shares of SoFi Technologies from $24.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, SoFi Technologies currently has a consensus rating of “Hold” and an average price target of $22.56.

SoFi Technologies Stock Performance

Shares of SOFI opened at $18.24 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.13. SoFi Technologies, Inc. has a one year low of $14.92 and a one year high of $32.73. The company’s fifty day moving average price is $16.88 and its 200 day moving average price is $19.73. The company has a market capitalization of $23.40 billion, a PE ratio of 41.46 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business posted $0.06 earnings per share. 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. As a group, analysts expect that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

SoFi Technologies 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.