SoFi Technologies (SOFI), a fintech and digital banking company, has surged nearly 100% year-to-date. The firm recently delivered strong Q3 results and lifted its full-year outlook, driven by steady growth in its member base and wider use of its financial products. Management now expects adjusted net revenue of $3.54 billion, up from $3.38 billion previously, and has raised its adjusted EPS forecast to $0.37 from $0.31. However, some investors remain cautious about the stock’s high valuation. With these updates in mind, let’s take a closer look at SOFI’s ownership profile using TipRanks’ Ownership tools.
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Now, according to TipRanks’ ownership page, public companies and individual investors own 71.90% of SOFI. They are followed by ETFs, mutual funds, insiders, and other institutional investors at 12.96%, 11.17%, 3.84%, and 0.13%, respectively.
Digging Deeper into SOFI’s Ownership Structure
Looking closely at top shareholders, Vanguard owns the highest stake in SOFI at 7.89%. Next up is Vanguard Index Funds, which holds a 7.67% stake in the company.
Among the top ETF holders, the Vanguard Total Stock Market ETF (VTI) owns a 2.97% stake in SoFi Technologies stock, followed by the Vanguard Small-Cap ETF (VB) with a 2.29% stake.
Moving to Mutual funds, Vanguard Index Funds holds about 7.67% of SOFI. Meanwhile, Fidelity Concord Street Trust owns 0.93% of the stock.
Is SOFI a Good Stock to Buy?
Currently, Wall Street has a Hold consensus rating on SoFi Technologies stock based on five Buys, seven Holds, and four Sell recommendations. The average SOFI stock price target of $28.29 indicates 6.82% downside potential.
