Affirm Holdings, Inc. (NASDAQ:AFRM) Stock Holdings Increased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 46.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,215 shares of the company’s stock after buying an additional 18,577 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Affirm were worth $3,545,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AFRM. Geneos Wealth Management Inc. increased its holdings in Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after buying an additional 410 shares during the last quarter. R Squared Ltd bought a new stake in Affirm in the fourth quarter valued at about $33,000. Advisors Asset Management Inc. increased its holdings in Affirm by 168.2% in the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after buying an additional 671 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in Affirm by 200.5% in the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after buying an additional 732 shares during the last quarter. Finally, Valley National Advisers Inc. bought a new stake in Affirm in the fourth quarter valued at about $61,000. 69.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AFRM has been the subject of several research analyst reports. Bank of America boosted their price objective on Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. lifted their target price on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Wells Fargo & Company lifted their target price on Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Barclays lifted their target price on Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Affirm currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.24.

Insider Buying and Selling

In related news, CFO Robert O’hare sold 13,965 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $68.57, for a total transaction of $957,580.05. Following the sale, the chief financial officer now owns 668 shares of the company’s stock, valued at $45,804.76. The trade was a 95.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Rabois sold 16,086 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $60.12, for a total value of $967,090.32. Following the sale, the director now directly owns 77,608 shares in the company, valued at approximately $4,665,792.96. The trade was a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 579,111 shares of company stock valued at $40,020,081 over the last quarter. Corporate insiders own 12.41% of the company’s stock.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $68.55 on Monday. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The stock has a market cap of $21.80 billion, a price-to-earnings ratio of -105.46 and a beta of 3.66. The stock’s 50 day moving average price is $64.62 and its 200 day moving average price is $53.08. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. Equities research analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Affirm 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.