SoFi Technologies (SOFI) shares edged higher in early trading on Wednesday after CEO Anthony Noto responded to a short seller attack by buying about $500,000 worth of stock. He purchased 28,900 shares at an average price of $17.32, according to an SEC filing.
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The move came after Muddy Waters Research disclosed a short position, which pushed the stock down more than 4% intraday before it closed 1.3% lower. SoFi pushed back, saying the report showed a “fundamental lack of understanding” of its business and may be “factually inaccurate and misleading,” adding that it could explore legal action. With attention now turning to ownership, here’s a look at who owns SoFi stock.
Now, according to TipRanks’ ownership page, public companies and individual investors own 64.28% of SOFI. They are followed by mutual funds, ETFs, other institutional investors, and insiders at 14.10%, 12.41%, 7.81%, and 1.42%, respectively.
Digging Deeper into SOFI’s Ownership Structure
Looking closely at top shareholders, Vanguard owns the highest stake in SOFI at 7.59%. Next up is Vanguard Index Funds, which holds a 7.35% stake in the company.
Among the top ETF holders, the Vanguard Total Stock Market ETF (VTI) owns a 2.95% stake in SoFi Technologies stock, followed by the Vanguard Small-Cap ETF (VB) with a 2.13% stake.
Moving to mutual funds, Vanguard Index Funds holds about 7.35% of SOFI. Meanwhile, JPMorgan Trust II owns 2.97% of the stock.
What Is the Price Target for SOFI?
Overall, Wall Street is sidelined on SoFi stock, with a Hold consensus rating based on five Buys, seven Holds, and three Sell recommendations. The average SOFI stock price target of $25.96 indicates a possible upside of 49.45% from current levels.
