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

Pictet Asset Management Holding SA raised its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,857 shares of the company’s stock after acquiring an additional 2,448 shares during the period. Pictet Asset Management Holding SA’s holdings in Affirm were worth $2,062,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Affirm by 6.2% during the third quarter. The Manufacturers Life Insurance Company now owns 54,782 shares of the company’s stock worth $2,236,000 after purchasing an additional 3,194 shares during the period. HighTower Advisors LLC lifted its stake in shares of Affirm by 37.6% in the 3rd quarter. HighTower Advisors LLC now owns 62,811 shares of the company’s stock worth $2,566,000 after acquiring an additional 17,153 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Affirm by 8.7% in the third quarter. Janus Henderson Group PLC now owns 110,282 shares of the company’s stock valued at $4,502,000 after acquiring an additional 8,782 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Affirm during the third quarter worth about $414,000. Finally, Quantinno Capital Management LP raised its holdings in Affirm by 77.5% during the third quarter. Quantinno Capital Management LP now owns 90,169 shares of the company’s stock worth $3,681,000 after purchasing an additional 39,381 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AFRM shares. Susquehanna lowered Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised their price target on Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a report on Monday, December 16th. Citizens Jmp raised Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Wells Fargo & Company raised their target price on Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada boosted their target price on shares of Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Affirm currently has an average rating of “Moderate Buy” and a consensus target price of $69.76.

Insider Activity

In related news, Director Keith Rabois sold 16,088 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $45.41, for a total value of $730,556.08. Following the sale, the director now directly owns 45,432 shares of the company’s stock, valued at approximately $2,063,067.12. This trade represents a 26.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $45.78, for a total transaction of $114,450.00. Following the completion of the sale, the director now owns 38,997 shares of the company’s stock, valued at approximately $1,785,282.66. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,762 shares of company stock valued at $3,241,246 over the last quarter. Company insiders own 12.41% of the company’s stock.

Affirm Trading Down 8.1 %

Shares of AFRM stock opened at $35.75 on Friday. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of -55.00 and a beta of 3.63. 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 moving average price of $58.49 and a 200 day moving average price of $56.30. 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 (EPS) for the quarter, beating 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%. Research analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Affirm 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.