FAS Wealth Partners bought a new position in SoFi Technologies, Inc. (NASDAQ:SOFI – Get Rating) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,700 shares of the company's stock, valued at approximately $57,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SOFI. State Street Corp raised its holdings in shares of SoFi Technologies by 76.6% in the 2nd quarter. State Street Corp now owns 11,686,894 shares of the company's stock worth $61,590,000 after purchasing an additional 5,068,034 shares in the last quarter. Banco BTG Pactual S.A. acquired a new stake in shares of SoFi Technologies during the first quarter valued at approximately $18,467,000. Swiss National Bank acquired a new stake in shares of SoFi Technologies during the second quarter valued at approximately $7,346,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of SoFi Technologies by 2,626.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,440,932 shares of the company's stock valued at $13,616,000 after acquiring an additional 1,388,088 shares during the period. Finally, Credit Suisse AG raised its holdings in shares of SoFi Technologies by 65.3% during the second quarter. Credit Suisse AG now owns 3,384,847 shares of the company's stock valued at $17,840,000 after acquiring an additional 1,336,754 shares during the period. 34.32% of the stock is currently owned by institutional investors.

SoFi Technologies Stock Performance

SOFI stock opened at $4.37 on Thursday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of -8.74 and a beta of 1.42. SoFi Technologies, Inc. has a 12 month low of $4.24 and a 12 month high of $16.49. The firm has a 50 day moving average of $4.92 and a two-hundred day moving average of $5.65.

Analysts Set New Price Targets

Insiders Place Their Bets

In other SoFi Technologies news, CEO Anthony Noto bought 225,000 shares of the firm's stock in a transaction on Thursday, December 15th. The stock was bought at an average cost of $4.59 per share, with a total value of $1,032,750.00. Following the completion of the transaction, the chief executive officer now directly owns 5,358,612 shares of the company's stock, valued at approximately $24,596,029.08. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired 1,040,100 shares of company stock valued at $4,577,304 over the last ninety days. Corporate insiders own 13.00% of the company's stock.

About SoFi Technologies

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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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