WINTON GROUP Ltd bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 82,304 shares of the company’s stock, valued at approximately $6,126,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in AFRM. Norges Bank acquired a new stake in Affirm during the 4th quarter valued at approximately $281,961,000. Invesco Ltd. increased its position in Affirm by 294.2% during the 3rd quarter. Invesco Ltd. now owns 4,333,691 shares of the company’s stock valued at $316,706,000 after purchasing an additional 3,234,260 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Affirm by 11,042.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,161,278 shares of the company’s stock valued at $157,004,000 after purchasing an additional 2,141,881 shares during the period. Atreides Management LP increased its position in Affirm by 543.3% during the 2nd quarter. Atreides Management LP now owns 1,977,882 shares of the company’s stock valued at $136,751,000 after purchasing an additional 1,670,429 shares during the period. Finally, State Street Corp increased its position in Affirm by 26.7% during the 3rd quarter. State Street Corp now owns 5,641,965 shares of the company’s stock valued at $412,315,000 after purchasing an additional 1,187,665 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.
Affirm Price Performance
Shares of NASDAQ:AFRM opened at $63.61 on Friday. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 2.39. Affirm Holdings, Inc. has a twelve month low of $42.10 and a twelve month high of $100.00. The stock’s 50 day moving average is $60.91 and its 200-day moving average is $62.38. The firm has a market capitalization of $21.30 billion, a price-to-earnings ratio of 57.83, a PEG ratio of 3.66 and a beta of 3.70.
Insider Buying and Selling at Affirm
In other news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. Following the transaction, the director directly owned 36,076 shares of the company’s stock, valued at $2,344,940. This represents a 5.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Truist Financial increased their price target on Affirm from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Mizuho increased their price target on Affirm from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Compass Point restated a “buy” rating and set a $68.00 price target on shares of Affirm in a report on Wednesday, February 18th. Zacks Research cut Affirm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 29th. Finally, Bank of America increased their price target on Affirm from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.20.
Check Out Our Latest Stock Report on AFRM
About Affirm
Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.
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