Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Purchased by Swiss National Bank

Swiss National Bank lifted its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 476,400 shares of the company’s stock after acquiring an additional 12,900 shares during the quarter. Swiss National Bank’s holdings in Affirm were worth $29,013,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. acquired a new stake in Affirm during the fourth quarter valued at $340,000. Independent Advisor Alliance grew its position in Affirm by 9.6% during the fourth quarter. Independent Advisor Alliance now owns 18,024 shares of the company’s stock valued at $1,098,000 after buying an additional 1,575 shares during the period. SLT Holdings LLC acquired a new stake in Affirm during the fourth quarter valued at $247,000. Amundi grew its position in Affirm by 107.5% during the fourth quarter. Amundi now owns 603,437 shares of the company’s stock valued at $35,404,000 after buying an additional 312,620 shares during the period. Finally, West Family Investments Inc. acquired a new stake in Affirm during the fourth quarter valued at $296,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insiders Place Their Bets

In other Affirm news, Director Keith Rabois sold 16,086 shares of Affirm stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $60.12, for a total transaction of $967,090.32. Following the completion of the sale, the director now directly owns 77,608 shares in the company, valued at $4,665,792.96. This trade represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christa S. Quarles sold 5,000 shares of Affirm stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $400,000.00. Following the sale, the director now owns 137,325 shares of the company’s stock, valued at approximately $10,986,000. This represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 59,801 shares of company stock valued at $3,806,093 over the last ninety days. Company insiders own 12.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AFRM. Citizens Jmp upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. The Goldman Sachs Group lifted their target price on shares of Affirm from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Morgan Stanley lifted their target price on shares of Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research report on Friday, February 7th. 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 company. According to data from MarketBeat, Affirm presently has an average rating of “Moderate Buy” and an average target price of $70.24.

Affirm Price Performance

Shares of AFRM stock opened at $47.96 on Tuesday. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. The firm’s 50-day moving average is $61.57 and its two-hundred day moving average is $56.01. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The company has a market capitalization of $15.25 billion, a PE ratio of -73.78 and a beta of 3.63.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, February 6th. The company reported $0.23 EPS 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%. Analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current 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.