Amundi Grows Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Amundi grew its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 107.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 603,437 shares of the company’s stock after buying an additional 312,620 shares during the quarter. Amundi owned 0.19% of Affirm worth $35,404,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Spyglass Capital Management LLC grew its stake in Affirm by 9.3% during the third quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock worth $95,849,000 after buying an additional 200,449 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Affirm by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,272,058 shares of the company’s stock worth $138,368,000 after buying an additional 68,848 shares during the period. Bank of New York Mellon Corp grew its stake in Affirm by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 885,097 shares of the company’s stock worth $53,902,000 after buying an additional 5,169 shares during the period. Artemis Investment Management LLP grew its stake in Affirm by 2.1% during the fourth quarter. Artemis Investment Management LLP now owns 770,245 shares of the company’s stock worth $46,908,000 after buying an additional 15,517 shares during the period. Finally, Bank of Montreal Can grew its stake in Affirm by 269.7% during the third quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock worth $29,814,000 after buying an additional 528,400 shares during the period. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AFRM has been the subject of several research reports. Compass Point upgraded shares of Affirm from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $20.00 to $61.00 in a research note on Tuesday, January 28th. Wells Fargo & Company boosted their target price on shares of Affirm from $70.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Jefferies Financial Group raised shares of Affirm from a “hold” rating to a “buy” rating and boosted their target price for the stock from $70.00 to $82.00 in a research report on Thursday, December 19th. Morgan Stanley boosted their target price on shares of Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 28th. Finally, 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. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.24.

Affirm Stock Up 4.4 %

Shares of NASDAQ:AFRM opened at $48.81 on Thursday. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of -75.09 and a beta of 3.63. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $82.53. The company’s fifty day moving average is $62.55 and its two-hundred day moving average is $55.56. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.23 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%. Equities analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Activity at Affirm

In other news, Director Keith Rabois sold 16,086 shares of Affirm stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $60.12, for a total value of $967,090.32. Following the transaction, the director now owns 77,608 shares of the company’s stock, valued at $4,665,792.96. The trade was a 17.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Christa S. Quarles sold 5,000 shares of Affirm stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $400,000.00. Following the completion of the transaction, the director now directly 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. Insiders sold 62,301 shares of company stock worth $3,986,218 in the last 90 days. Corporate insiders own 12.41% of the company’s stock.

About Affirm

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.