Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,857 shares of the company’s stock after purchasing an additional 2,448 shares during the period. Pictet Asset Management Holding SA’s holdings in Affirm were worth $2,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AFRM. Norges Bank purchased a new stake in shares of Affirm during the 4th quarter valued at approximately $139,949,000. Vanguard Group Inc. raised its position in Affirm by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company’s stock valued at $1,328,568,000 after purchasing an additional 716,574 shares during the period. Amundi lifted its stake in shares of Affirm by 107.5% in the 4th quarter. Amundi now owns 603,437 shares of the company’s stock valued at $35,404,000 after purchasing an additional 312,620 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Affirm during the 4th quarter worth $14,591,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Affirm during the 4th quarter worth about $8,831,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Keith Rabois sold 16,088 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $45.41, for a total value of $730,556.08. Following the completion of the sale, the director now directly owns 45,432 shares of the company’s stock, valued at approximately $2,063,067.12. The trade was a 26.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christa S. Quarles sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $80.00, for a total value of $400,000.00. Following the transaction, the director now owns 137,325 shares in the company, valued at $10,986,000. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,762 shares of company stock worth $3,241,246. Corporate insiders own 12.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AFRM. Susquehanna cut shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research report on Tuesday, January 21st. Compass Point upgraded shares of Affirm from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $61.00 to $64.00 in a report on Wednesday, March 19th. Royal Bank of Canada lifted their target price 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. Citizens Jmp upgraded Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Wells Fargo & Company lifted their price objective on Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Affirm currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.76.

Affirm Trading Down 8.1 %

NASDAQ:AFRM opened at $35.75 on Friday. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53. The stock has a market cap of $11.37 billion, a P/E ratio of -55.00 and a beta of 3.63. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The stock has a 50-day simple moving average of $58.49 and a 200-day simple moving average of $56.30.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share 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%. As a group, analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal 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.