87,837 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Purchased by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. purchased a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 87,837 shares of the company’s stock, valued at approximately $5,349,000.

Other large investors have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new position in Affirm during the fourth quarter worth about $28,000. Geneos Wealth Management Inc. raised its holdings in Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after purchasing an additional 410 shares in the last quarter. R Squared Ltd purchased a new position in Affirm in the fourth quarter valued at about $33,000. Coppell Advisory Solutions LLC purchased a new position in Affirm in the fourth quarter valued at about $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Affirm in the fourth quarter valued at about $43,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Keith Rabois sold 16,088 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the sale, the director now owns 61,520 shares in the company, valued at approximately $3,935,434.40. This trade represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a legal 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 that occurred on Monday, March 17th. The stock was sold at an average price of $45.78, for a total transaction of $114,450.00. Following the sale, the director now owns 38,997 shares in the company, valued at approximately $1,785,282.66. This trade represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,765 shares of company stock worth $2,694,694. 11.82% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AFRM has been the subject of a number of research analyst reports. Evercore ISI initiated coverage on shares of Affirm in a report on Wednesday, April 9th. They issued an “outperform” rating and a $50.00 target price for the company. Royal Bank of Canada increased their target price on shares of Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Bank of America increased their target price on shares of Affirm from $76.00 to $80.00 and gave the company a “buy” rating in a report on Friday, May 9th. Seaport Res Ptn raised shares of Affirm to a “hold” rating in a report on Monday, March 24th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a report on Friday, February 7th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.05.

Affirm Stock Up 0.7%

AFRM stock opened at $49.30 on Friday. The company’s 50 day simple moving average is $46.85 and its 200-day simple moving average is $57.23. The firm has a market capitalization of $15.90 billion, a PE ratio of -75.85 and a beta of 3.66. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.10. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. The firm had revenue of $783.14 million for the quarter, compared to analyst estimates of $782.98 million. During the same quarter last year, the business earned ($0.43) earnings per share. Affirm’s revenue was up 35.9% compared to the same quarter last year. Equities analysts expect 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.