QRG Capital Management Inc. Has $3.22 Million Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

QRG Capital Management Inc. lowered its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 47.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 52,886 shares of the company’s stock after selling 48,564 shares during the period. QRG Capital Management Inc.’s holdings in Affirm were worth $3,221,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of AFRM. Holocene Advisors LP bought a new position in Affirm during the third quarter worth $27,872,000. Charles Schwab Investment Management Inc. raised its position in shares of Affirm by 44.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock worth $89,935,000 after acquiring an additional 672,883 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Affirm by 269.7% in the 3rd 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 period. Atreides Management LP bought a new stake in shares of Affirm during the 3rd quarter valued at about $20,404,000. Finally, Quadrature Capital Ltd grew its stake in Affirm by 214.4% during the third quarter. Quadrature Capital Ltd now owns 485,431 shares of the company’s stock worth $19,820,000 after purchasing an additional 331,042 shares during the period. 69.29% of the stock is owned by institutional investors.

Affirm Trading Up 4.0 %

Shares of Affirm stock opened at $64.15 on Friday. The company has a market capitalization of $20.40 billion, a P/E ratio of -98.69 and a beta of 3.66. The stock has a fifty day simple moving average of $64.32 and a 200 day simple moving average of $54.24. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $82.53. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Morgan Stanley boosted 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. Deutsche Bank Aktiengesellschaft raised their price target on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. raised their target price on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.24.

Insiders Place Their Bets

In related news, Director Christa S. Quarles sold 5,000 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the transaction, the director now directly owns 137,325 shares of the company’s stock, valued at approximately $10,986,000. The trade was a 3.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $72.05, for a total transaction of $180,125.00. Following the sale, the director now owns 41,497 shares of the company’s stock, valued at $2,989,858.85. This trade represents a 5.68 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 576,264 shares of company stock valued at $39,820,791. Corporate insiders own 12.41% of the company’s stock.

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.