Handelsbanken Fonder AB Has $3.59 Million Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Handelsbanken Fonder AB cut its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,000 shares of the company’s stock after selling 3,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Affirm were worth $3,593,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its holdings in shares of Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after purchasing an additional 410 shares during the period. R Squared Ltd bought a new position in shares of Affirm during the 4th quarter worth about $33,000. Advisors Asset Management Inc. raised its holdings in shares of Affirm by 168.2% in 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 during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Affirm by 200.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after acquiring an additional 732 shares during the last quarter. Finally, Valley National Advisers Inc. acquired a new stake in shares of Affirm in the 4th quarter worth about $61,000. 69.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Affirm

In other Affirm news, CFO Robert O’hare sold 13,965 shares of Affirm stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $68.57, for a total value of $957,580.05. Following the completion of the transaction, the chief financial officer now directly owns 668 shares of the company’s stock, valued at approximately $45,804.76. The trade was a 95.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Libor Michalek sold 6,629 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $72.08, for a total transaction of $477,818.32. Following the transaction, the president now directly owns 160,601 shares of the company’s stock, valued at $11,576,120.08. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 579,111 shares of company stock worth $40,020,081. 12.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AFRM shares. Morgan Stanley increased their price objective on shares of Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 28th. Jefferies Financial Group raised shares of Affirm from a “hold” rating to a “buy” rating and increased their target price for the company from $70.00 to $82.00 in a research report on Thursday, December 19th. Mizuho raised their price objective on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Bank of America raised their price target on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Royal Bank of Canada raised their price target on shares of Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.24.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $68.55 on Monday. The stock has a market cap of $21.80 billion, a PE ratio of -105.46 and a beta of 3.66. The company’s fifty day moving average is $64.62 and its 200 day moving average is $53.08. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Research analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

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.