SOFI Stock Is Up Nearly 100% YTD. Let’s Look at Who Owns It

SoFi Technologies (SOFI), a fintech and digital banking business, has actually risen almost 100% year-to-date. The company just recently provided strong Q3 outcomes and raised its full-year outlook, driven by stable development in its member base and broader usage of its monetary items. Management now anticipates adjusted net income of $3.54 billion, up from $3.38 billion formerly, and has actually raised its adjusted EPS projection to $0.37 from $0.31. Nevertheless, some financiers stay mindful about the stock’s high evaluation. With these updates in mind, let’s take a more detailed take a look at SOFI’s ownership profile utilizing TipRanks’ Ownership tools.

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Now, according to TipRanks’ ownership page, public business and specific financiers own 71.90% of SOFI. They are followed by ETFs, shared funds, experts, and other institutional financiers at 12.96%, 11.17%, 3.84%, and 0.13%, respectively.

Digging Much Deeper into SOFI’s Ownership Structure

Looking carefully at leading investors, Lead owns the greatest stake in SOFI at 7.89%. Next up is Lead Index Funds, which holds a 7.67% stake in the business.

Amongst the leading ETF holders, the Lead Overall Stock Exchange ETF ( VTI) owns a 2.97% stake in SoFi Technologies stock, followed by the Lead Small-Cap ETF ( VB) with a 2.29% stake.

Transferring to Shared funds, Lead Index Funds holds about 7.67% of SOFI. On The Other Hand, Fidelity Concord Street Trust owns 0.93% of the stock.

Is SOFI a Good Stock to Purchase?

Presently, Wall Street has a Hold agreement ranking on SoFi Technologies stock based upon 5 Buys, 7 Holds, and 4 Offer suggestions. The typical SOFI stock cost target of $28.29 shows 6.82% disadvantage capacity.