DAVENPORT & Co LLC lessened its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI – Get Rating) by 11.2% during the third quarter, Holdings Channel.com reports. The firm owned 28,000 shares of the company's stock after selling 3,535 shares during the quarter. DAVENPORT & Co LLC's holdings in SoFi Technologies were worth $137,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC raised its position in SoFi Technologies by 7.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 21,626 shares of the company's stock worth $114,000 after purchasing an additional 1,416 shares during the period. Exos Asset Management LLC raised its position in SoFi Technologies by 20.0% in the 2nd quarter. Exos Asset Management LLC now owns 9,434 shares of the company's stock worth $50,000 after purchasing an additional 1,570 shares during the period. Beacon Pointe Advisors LLC grew its holdings in SoFi Technologies by 8.2% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 21,192 shares of the company's stock worth $113,000 after acquiring an additional 1,609 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in SoFi Technologies by 8.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 24,400 shares of the company's stock worth $129,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Game Plan Financial Advisors LLC grew its holdings in SoFi Technologies by 8.9% in the 2nd quarter. Game Plan Financial Advisors LLC now owns 23,300 shares of the company's stock worth $123,000 after acquiring an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 34.32% of the company's stock.

SoFi Technologies Trading Up 0.7 %

NASDAQ:SOFI opened at $4.61 on Friday. SoFi Technologies, Inc. has a one year low of $4.24 and a one year high of $16.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.23 and a quick ratio of 2.23. The company's 50-day simple moving average is $4.97 and its 200 day simple moving average is $5.71. The firm has a market capitalization of $4.28 billion, a P/E ratio of -9.22 and a beta of 1.42.

Wall Street Analyst Weigh In

Insider Buying and Selling

In other SoFi Technologies news, CEO Anthony Noto acquired 682,500 shares of the company's stock in a transaction that occurred on Friday, December 9th. The shares were acquired at an average price of $4.36 per share, with a total value of $2,975,700.00. Following the completion of the purchase, the chief executive officer now directly owns 4,636,186 shares of the company's stock, valued at approximately $20,213,770.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 1,040,100 shares of company stock valued at $4,577,304 over the last quarter. Corporate insiders own 13.00% of the company's stock.

SoFi Technologies Profile

(Get Rating)

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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