Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Bought by Amundi

Amundi grew its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 107.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 603,437 shares of the company’s stock after purchasing an additional 312,620 shares during the period. Amundi’s holdings in Affirm were worth $35,404,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Spyglass Capital Management LLC boosted its holdings in shares of Affirm by 9.3% in the third quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock worth $95,849,000 after buying an additional 200,449 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Affirm by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,272,058 shares of the company’s stock worth $138,368,000 after buying an additional 68,848 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Affirm by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 885,097 shares of the company’s stock worth $53,902,000 after buying an additional 5,169 shares during the period. Artemis Investment Management LLP boosted its holdings in shares of Affirm by 2.1% in the fourth quarter. Artemis Investment Management LLP now owns 770,245 shares of the company’s stock worth $46,908,000 after buying an additional 15,517 shares during the period. Finally, Bank of Montreal Can boosted its holdings in shares of Affirm by 269.7% in the third quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock worth $29,814,000 after buying an additional 528,400 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AFRM shares. Wells Fargo & Company raised their target price on shares of Affirm from $70.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Susquehanna cut shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price target for the company. in a report on Tuesday, January 21st. JPMorgan Chase & Co. raised their price target on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Citizens Jmp upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Finally, Bank of America raised their price target on shares of Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $70.24.

Affirm Trading Up 4.4 %

Shares of AFRM stock opened at $48.81 on Thursday. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53. The firm’s fifty day simple moving average is $62.55 and its 200 day simple moving average is $55.56. The firm has a market capitalization of $15.52 billion, a P/E ratio of -75.09 and a beta of 3.63. 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, topping 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%. As a group, sell-side analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insiders Place Their Bets

In other Affirm news, CFO Robert O’hare sold 6,541 shares of Affirm stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total transaction of $407,373.48. Following the sale, the chief financial officer now owns 2,963 shares in the company, valued at $184,535.64. The trade was a 68.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Keith Rabois sold 16,086 shares of Affirm stock in a transaction 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 sale, the director now owns 93,694 shares in the company, valued at $5,839,010.08. This represents a 14.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 62,301 shares of company stock worth $3,986,218 over the last 90 days. Corporate insiders own 12.41% of the company’s stock.

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.