Hsbc Holdings PLC Has $10.99 Million Holdings in SoFi Technologies, Inc. $SOFI

Hsbc Holdings PLC raised its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 14.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 419,105 shares of the company’s stock after acquiring an additional 53,941 shares during the quarter. Hsbc Holdings PLC’s holdings in SoFi Technologies were worth $10,992,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of SOFI. Pure Financial Advisors LLC acquired a new stake in SoFi Technologies during the fourth quarter worth $315,000. SHP Wealth Management bought a new stake in SoFi Technologies in the fourth quarter valued at about $36,000. Tulsa Wealth Advisors INC acquired a new position in SoFi Technologies in the fourth quarter worth about $201,000. Reflection Asset Management acquired a new position in SoFi Technologies in the fourth quarter worth about $28,000. Finally, Alpine Global Management LLC boosted its holdings in SoFi Technologies by 47.3% during the fourth quarter. Alpine Global Management LLC now owns 19,016 shares of the company’s stock valued at $498,000 after purchasing an additional 6,105 shares in the last quarter. Institutional investors own 38.43% of the company’s stock.

Wall Street Analyst Weigh In

SOFI has been the topic of a number of analyst reports. Mizuho set a $29.00 price objective on SoFi Technologies in a research note on Wednesday, May 6th. Argus initiated coverage on SoFi Technologies in a report on Wednesday, April 15th. They issued a “hold” rating on the stock. Needham & Company LLC decreased their price target 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 decreased their target price on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Finally, Morgan Stanley set a $16.00 target price on SoFi Technologies in a research note on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, SoFi Technologies currently has an average rating of “Hold” and a consensus price target of $22.56.

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 102,123 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total value of $1,815,746.94. Following the completion of the sale, the chief technology officer directly owned 895,089 shares in the company, valued at $15,914,682.42. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, CEO Anthony Noto bought 15,545 shares of the company’s stock in a transaction on Monday, May 11th. The shares were bought at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the completion of the acquisition, the chief executive officer directly owned 11,946,619 shares in the company, valued at approximately $191,145,904. This trade represents a 0.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have sold 134,044 shares of company stock worth $2,370,056. Company insiders own 2.50% of the company’s stock.

More SoFi Technologies News

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

• Positive Sentiment: SoFi’s acquisition of Composer expands its AI investing tools and could improve user engagement and retention if the platform gains traction. Yahoo Finance: SoFi deepens AI-powered trading ambitions with Composer deal
• Positive Sentiment: SoFi remains a heavily watched stock among Zacks users, suggesting continued investor interest and trading momentum. Zacks: SoFi is attracting investor attention
• Neutral Sentiment: Analyst sentiment remains mixed overall, with the stock carrying a consensus “Hold” rating and valuation still seen as rich relative to execution risk.
• Negative Sentiment: An executive vice president sold shares under a pre-arranged trading plan, which may create some caution even though the sale was not unusual. InsiderTrades: Insider selling by SoFi EVP
• Negative Sentiment: Short-interest data showed no meaningful bearish positioning change, so there is little evidence of a new short-squeeze setup to drive the stock higher.

SoFi Technologies Stock Down 0.1%

Shares of NASDAQ SOFI opened at $17.30 on Friday. SoFi Technologies, Inc. has a 1 year low of $14.92 and a 1 year high of $32.73. The firm’s 50-day moving average is $16.99 and its 200-day moving average is $20.10. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $22.19 billion, a PE ratio of 39.32 and a beta of 2.14.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The business’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Equities analysts expect that SoFi Technologies, Inc. will post 0.59 EPS 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.