Teacher Retirement System of Texas Boosts Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Teacher Retirement System of Texas grew its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 121.9% during the 4th quarter, Holdings Channel reports. The fund owned 62,436 shares of the company’s stock after purchasing an additional 34,298 shares during the period. Teacher Retirement System of Texas’ holdings in Affirm were worth $3,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AFRM. Natixis Advisors LLC purchased a new stake in Affirm during the third quarter worth $759,000. Quest Partners LLC acquired a new position in shares of Affirm in the third quarter worth about $391,000. Advisors Asset Management Inc. boosted its stake in shares of Affirm by 168.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after acquiring an additional 671 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Affirm by 44.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after acquiring an additional 672,883 shares during the period. Finally, Independent Advisor Alliance increased its stake in shares of Affirm by 10.8% in the 3rd quarter. Independent Advisor Alliance now owns 16,449 shares of the company’s stock valued at $671,000 after purchasing an additional 1,609 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Trading Up 5.3 %

Shares of AFRM stock opened at $52.54 on Tuesday. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $82.53. The stock has a market cap of $16.71 billion, a price-to-earnings ratio of -80.83 and a beta of 3.63. The company’s 50-day moving average price is $60.63 and its 200-day moving average price is $56.23. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. As a group, equities analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a report on Monday, December 16th. BMO Capital Markets reissued an “outperform” rating and issued a $69.00 price target on shares of Affirm in a research note on Thursday, March 20th. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. William Blair started coverage on shares of Affirm in a report on Wednesday, January 15th. They set an “outperform” rating on the stock. Finally, The Goldman Sachs Group reduced their price target on shares of Affirm from $90.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.76.

Insiders Place Their Bets

In other news, Director Noel Bertram Watson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the sale, the director now directly owns 38,997 shares of the company’s stock, valued at approximately $1,785,282.66. The trade was a 6.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keith Rabois sold 16,086 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the transaction, the director now directly owns 93,694 shares of the company’s stock, valued at $5,839,010.08. The trade was a 14.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,301 shares of company stock valued at $3,920,543 over the last quarter. 12.41% of the stock is owned by insiders.

Affirm Company Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.