Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,494 shares of the company’s stock after selling 2,055 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Affirm were worth $5,572,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Spyglass Capital Management LLC grew its holdings in Affirm by 9.3% in the third quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock valued at $95,849,000 after purchasing an additional 200,449 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Affirm by 44.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after purchasing an additional 672,883 shares during the last quarter. Artemis Investment Management LLP grew its holdings in Affirm by 2.1% in the fourth quarter. Artemis Investment Management LLP now owns 770,245 shares of the company’s stock valued at $46,908,000 after purchasing an additional 15,517 shares during the last quarter. Bank of Montreal Can grew its holdings in Affirm by 269.7% in the third quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock valued at $29,814,000 after purchasing an additional 528,400 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in Affirm in the third quarter valued at $27,872,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Activity at Affirm

In related news, CFO Robert O’hare sold 11,218 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $70.00, for a total transaction of $785,260.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Libor Michalek sold 96,332 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $70.01, for a total value of $6,744,203.32. Following the sale, the president now owns 159,449 shares in the company, valued at approximately $11,163,024.49. The trade was a 37.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 861,521 shares of company stock worth $59,549,983. 12.41% of the stock is currently owned by company insiders.

Affirm Stock Performance

Affirm stock opened at $80.98 on Wednesday. The stock’s 50-day moving average is $64.42 and its 200-day moving average is $52.04. The company has a market cap of $25.43 billion, a price-to-earnings ratio of -124.58 and a beta of 3.66. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data 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 return on equity of 7.29% and a negative net margin of 7.10%. Equities analysts anticipate that Affirm Holdings, Inc. will post -0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citizens Jmp raised Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. Jefferies Financial Group raised Affirm from a “hold” rating to a “buy” rating and increased their price objective for the company from $70.00 to $82.00 in a research note on Thursday, December 19th. Barclays increased their price objective on Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. William Blair initiated coverage on Affirm in a research report on Wednesday, January 15th. They set an “outperform” rating on the stock. Finally, JMP Securities increased their target price on Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Friday, February 7th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.24.

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.