Fintel reports that Vanguard Group has filed a 13G/A form with the SEC disclosing ownership of 68.27MM shares of SoFi Technologies, Inc. (SOFI). This represents 7.36% of the company.
In their previous filing dated February 10, 2022 they reported 53.39MM shares and 6.62% of the company, an increase in shares of 27.88% and an increase in total ownership of 0.74% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 6.84% Upside
As of February 9, 2023, the average one-year price target for SoFi Technologies is $7.69. The forecasts range from a low of $5.05 to a high of $10.50. The average price target represents an increase of 6.84% from its latest reported closing price of $7.20.
The projected annual revenue for SoFi Technologies is $2,083MM, an increase of 37.11%. The projected annual EPS is -$0.26.
What is the Fund Sentiment?
There are 669 funds or institutions reporting positions in SoFi Technologies. This is an increase of 25 owner(s) or 3.88% in the last quarter. Average portfolio weight of all funds dedicated to SOFI is 0.23%, a decrease of 5.53%. Total shares owned by institutions decreased in the last three months by 18.86% to 330,830K shares. The put/call ratio of SOFI is 0.62, indicating a bullish outlook.
What are large shareholders doing?
Silver Lake Group, L.L.C. holds 31,154K shares representing 3.34% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 21,969K shares representing 2.35% ownership of the company. In it's prior filing, the firm reported owning 20,201K shares, representing an increase of 8.05%. The firm increased its portfolio allocation in SOFI by 4.97% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 18,737K shares representing 2.01% ownership of the company. In it's prior filing, the firm reported owning 17,333K shares, representing an increase of 7.49%. The firm increased its portfolio allocation in SOFI by 4.38% over the last quarter.
Geode Capital Management holds 10,978K shares representing 1.18% ownership of the company. In it's prior filing, the firm reported owning 10,271K shares, representing an increase of 6.43%. The firm increased its portfolio allocation in SOFI by 2.48% over the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 10,929K shares representing 1.17% ownership of the company. In it's prior filing, the firm reported owning 9,879K shares, representing an increase of 9.61%. The firm increased its portfolio allocation in SOFI by 4.19% over the last quarter.
SoFi Technologies Background Information
(This description is provided by the company.)
SoFi Technologies, Inc. operates as a financial technology company. The Company offers financial services platform for borrowing, saving, spending, and investing. SoFi Technologies serves customers in the United States.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
