Handelsbanken Fonder AB Purchases 41,000 Shares of SoFi Technologies, Inc. $SOFI

Handelsbanken Fonder AB lifted its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 13.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 337,700 shares of the company’s stock after purchasing an additional 41,000 shares during the period. Handelsbanken Fonder AB’s holdings in SoFi Technologies were worth $8,841,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of SoFi Technologies by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock worth $2,906,061,000 after purchasing an additional 3,900,895 shares during the last quarter. State Street Corp grew its holdings in shares of SoFi Technologies by 30.7% in the third quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after purchasing an additional 5,708,053 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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. Northern Trust Corp grew its holdings in shares of SoFi Technologies by 10.4% in the third quarter. Northern Trust Corp now owns 6,632,432 shares of the company’s stock worth $175,229,000 after purchasing an additional 625,571 shares during the last quarter. Finally, ARK Investment Management LLC grew its holdings in shares of SoFi Technologies by 11.8% in the third quarter. ARK Investment Management LLC now owns 4,945,247 shares of the company’s stock worth $130,653,000 after purchasing an additional 521,092 shares during the last quarter. Institutional investors own 38.43% of the company’s stock.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, CEO Anthony Noto bought 15,545 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the acquisition, the chief executive officer owned 11,946,619 shares in the company, valued at approximately $191,145,904. This represents a 0.13% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Jeremy Rishel sold 94,958 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the sale, the chief technology officer owned 839,640 shares in the company, valued at approximately $14,634,925.20. This trade represents a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 114,442 shares of company stock worth $2,007,681 over the last quarter. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SOFI shares. Truist Financial cut their target price on shares of SoFi Technologies from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Tuesday, May 12th. Morgan Stanley set a $16.00 target price on shares of SoFi Technologies in a report on Thursday, April 30th. UBS Group cut their target price on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Wells Fargo & Company cut their target price on shares of 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, Keefe, Bruyette & Woods cut their price target on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a report on Thursday, April 9th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.56.

SoFi Technologies Stock Performance

NASDAQ:SOFI opened at $15.65 on Friday. The stock has a market cap of $20.07 billion, a P/E ratio of 35.57 and a beta of 2.12. The firm’s fifty day simple moving average is $16.84 and its 200 day simple moving average is $22.13. SoFi Technologies, Inc. has a twelve month low of $12.74 and a twelve month high of $32.73. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17.

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

SoFi Technologies News Summary

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

• Positive Sentiment: SoFi’s business momentum remains solid, with Q1 showing strong loan originations, growing revenue quality, and expanding fee-based businesses that could support more stable earnings over time. SoFi’s Expanding Cash Revenues Highlight Improving Business Quality
• Positive Sentiment: Analysts and market commentators continue to point to SoFi as a high-growth fintech name with potential upside, helped by its recent stablecoin launch and Mastercard partnership for global settlement, which highlights innovation beyond traditional lending. Can SoFi Hit $50 by 2030?
• Neutral Sentiment: Recent market chatter suggests the stock may be stabilizing after its post-earnings pullback, with traders testing whether the recent lows are holding as risk appetite improves. SoFi Stock Edges Higher Wednesday: What’s Driving The Action?
• Neutral Sentiment: SoFi’s Q1 report was broadly strong, but investors are still sorting through mixed signals including a Technology Platform revenue setback and cautious macro concerns, which helps explain why sentiment has stayed volatile. A Look At SoFi Technologies (SOFI) Valuation After Q1 2026 Beat And Technology Platform Setback
• Negative Sentiment: Despite the company’s strong fundamentals, SOFI remains under pressure from a broader selloff in growth stocks, elevated yields, and lingering cautious sentiment after earnings. Stock Market Today, May 19: SoFi Technologies Extends Losses on Cautious Sentiment

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.