Winfield Associates Inc. boosted its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM – Get Rating) by 153.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,232 shares of the company’s stock after acquiring an additional 3,167 shares during the period. Winfield Associates Inc.’s holdings in Affirm were worth $526,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Baillie Gifford & Co. increased its position in shares of Affirm by 51.3% during the fourth quarter. Baillie Gifford & Co. now owns 16,314,513 shares of the company’s stock worth $1,640,587,000 after acquiring an additional 5,530,698 shares during the period. Capital Research Global Investors boosted its stake in Affirm by 100.1% in the third quarter. Capital Research Global Investors now owns 14,458,147 shares of the company’s stock valued at $1,722,324,000 after acquiring an additional 7,231,859 shares in the last quarter. Morgan Stanley boosted its stake in Affirm by 158.4% in the third quarter. Morgan Stanley now owns 5,423,850 shares of the company’s stock valued at $646,141,000 after acquiring an additional 3,324,709 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Affirm by 1.1% during the fourth quarter. Jennison Associates LLC now owns 2,489,897 shares of the company’s stock worth $250,384,000 after buying an additional 28,282 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Affirm by 38.2% during the third quarter. BlackRock Inc. now owns 1,796,104 shares of the company’s stock worth $213,969,000 after buying an additional 496,458 shares during the period. Institutional investors own 58.34% of the company’s stock.
Shares of Affirm stock traded up $5.67 on Friday, hitting $23.71. The company had a trading volume of 85,071,852 shares, compared to its average volume of 9,082,170. The firm has a market capitalization of $6.74 billion, a P/E ratio of -10.00 and a beta of 3.05. Affirm Holdings, Inc. has a twelve month low of $13.64 and a twelve month high of $176.65. The company has a debt-to-equity ratio of 1.62, a current ratio of 7.12 and a quick ratio of 7.12. The stock has a 50-day moving average of $34.94 and a 200-day moving average of $73.18.
In other news, major shareholder Private Ltd Gic acquired 1,091,738 shares of Affirm stock in a transaction on Thursday, April 21st. The shares were purchased at an average cost of $33.33 per share, for a total transaction of $36,387,627.54. Following the completion of the purchase, the insider now directly owns 2,785,714 shares of the company’s stock, valued at approximately $92,847,847.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last quarter, insiders acquired 2,107,799 shares of company stock worth $68,998,013. Corporate insiders own 16.48% of the company’s stock.
A number of research analysts have issued reports on the stock. Loop Capital assumed coverage on shares of Affirm in a report on Wednesday, January 19th. They issued a “hold” rating and a $72.00 target price for the company. Mizuho lifted their target price on shares of Affirm from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, March 15th. Zacks Investment Research upgraded shares of Affirm from a “sell” rating to a “hold” rating in a report on Wednesday, April 13th. Piper Sandler decreased their price target on shares of Affirm from $58.00 to $32.00 in a report on Friday. Finally, Morgan Stanley reduced their target price on shares of Affirm from $140.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, March 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $71.53.
Affirm Company Profile (Get Rating)
Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States and Canada. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its payments network and partnership with an originating bank, enables consumers to pay for a purchase over time with terms ranging from one to forty-eight months.
- Get a free copy of the StockNews.com research report on Affirm (AFRM)
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