9,756 Affirm Holdings, Inc. $AFRM Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its stake in Affirm Holdings, Inc. (NASDAQ:AFRM – Free Report) by 111.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,506 shares of the company’s stock after purchasing an additional 9,756 shares during the period. Vontobel Holding Ltd.’s holdings in Affirm were worth $1,281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Rhodes Investment Advisors Inc. ADV grew its stake in shares of Affirm by 1.3% during the 3rd quarter. Rhodes Investment Advisors Inc. ADV now owns 11,378 shares of the company’s stock worth $788,000 after purchasing an additional 149 shares during the period. Mather Group LLC. lifted its stake in shares of Affirm by 52.9% in the 3rd quarter. Mather Group LLC. now owns 613 shares of the company’s stock valued at $42,000 after purchasing an additional 212 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Affirm by 3.6% in the 1st quarter. QRG Capital Management Inc. now owns 9,684 shares of the company’s stock valued at $444,000 after purchasing an additional 340 shares during the period. IFP Advisors Inc boosted its holdings in Affirm by 9.2% during the second quarter. IFP Advisors Inc now owns 4,080 shares of the company’s stock worth $333,000 after buying an additional 343 shares in the last quarter. Finally, ABN Amro Investment Solutions boosted its holdings in Affirm by 3.6% during the first quarter. ABN Amro Investment Solutions now owns 10,931 shares of the company’s stock worth $501,000 after buying an additional 378 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Transactions at Affirm

In related news, insider Katherine Adkins sold 41,664 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $75.53, for a total value of $3,146,881.92. Following the completion of the transaction, the insider directly owned 152,439 shares of the company’s stock, valued at approximately $11,513,717.67. This represents a 21.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Siphelele Jiyane sold 26,980 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $72.19, for a total value of $1,947,686.20. Following the completion of the transaction, the chief accounting officer owned 188,711 shares in the company, valued at $13,623,047.09. The trade was a 12.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 280,118 shares of company stock valued at $22,223,307. Insiders own 11.01% of the company’s stock.

Affirm Trading Down 1.6%

AFRM stock opened at $72.80 on Tuesday. The company has a current ratio of 11.80, a quick ratio of 11.80 and a debt-to-equity ratio of 1.82. Affirm Holdings, Inc. has a 12-month low of $42.10 and a 12-month high of $90.44. The stock has a market cap of $24.56 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 2.97 and a beta of 3.82. The business’s 50-day moving average is $73.60 and its 200 day moving average is $70.73.

Affirm (NASDAQ:AFRM – Get Free Report) last announced its earnings results on Thursday, August 27th. The company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $4.27. Affirm had a return on equity of 47.91% and a net margin of 45.29%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The business’s revenue was up 33.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Affirm Holdings, Inc. will post 1.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on AFRM. Susquehanna raised their price target on shares of Affirm from $105.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, August 28th. Zacks Research downgraded shares of Affirm from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. BMO Capital Markets reissued an “outperform” rating on shares of Affirm in a research note on Wednesday, September 9th. Wolfe Research reissued an “outperform” rating on shares of Affirm in a research note on Friday, August 28th. Finally, Royal Bank Of Canada raised their target price on Affirm from $80.00 to $96.00 and gave the company a “sector perform” rating in a research report on Friday, August 28th. Twenty-four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and an average price target of $97.69.

View Our Latest Stock Report on Affirm

Affirm Company Profile

(Free Report)

Affirm Holdings, Inc (NASDAQ: AFRM) operates a financial technology platform that provides consumers with flexible payment options at the point of sale. Its services allow shoppers to split eligible purchases into scheduled installments, with terms and costs disclosed before a transaction is completed.

Affirm’s platform is available through online and mobile checkout experiences, as well as through the Affirm app. Its product offerings include buy now, pay later financing, the Affirm Card, and savings products.

See Also

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Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

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