Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Trexquant Investment LP

Trexquant Investment LP decreased its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 240,295 shares of the company’s stock after selling 17,788 shares during the quarter. Trexquant Investment LP owned 0.08% of Affirm worth $14,634,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings 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. Geode Capital Management LLC grew its position in shares of Affirm by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 4,173,353 shares of the company’s stock worth $254,238,000 after acquiring an additional 212,234 shares during the last quarter. Norges Bank purchased a new position in Affirm during the 4th quarter worth $139,949,000. Charles Schwab Investment Management Inc. increased its position in Affirm by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,272,058 shares of the company’s stock valued at $138,368,000 after acquiring an additional 68,848 shares during the period. Finally, Bank of New York Mellon Corp increased 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 valued at $53,902,000 after purchasing an additional 5,169 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Up 0.7 %

AFRM stock opened at $45.51 on Wednesday. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. The firm has a 50 day simple moving average of $59.42 and a 200-day simple moving average of $56.54. The company has a market capitalization of $14.47 billion, a P/E ratio of -70.02 and a beta of 3.63. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $82.53.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data 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 net margin of 7.10% and a negative return on equity of 7.25%. On average, equities research analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Activity at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction on Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the completion of the transaction, the director now owns 38,997 shares of the company’s stock, valued at $1,785,282.66. The trade was a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Robert O’hare sold 6,541 shares of the business’s 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 of the company’s stock, valued at approximately $184,535.64. The trade was a 68.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,301 shares of company stock valued at $3,920,543 over the last three months. 12.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Barclays raised their price target on Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Morgan Stanley lifted their price objective on Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 28th. UBS Group boosted their target price on shares of Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group raised Affirm from a “hold” rating to a “buy” rating and increased their price target for the stock from $70.00 to $82.00 in a research note on Thursday, December 19th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.76.

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.