WINTON GROUP Ltd Invests $6.13 Million in Affirm Holdings, Inc. $AFRM

WINTON GROUP Ltd purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 bought and sold shares of the stock. Westfield Capital Management Co. LP raised its position in Affirm by 21.4% in the 4th quarter. Westfield Capital Management Co. LP now owns 851,834 shares of the company’s stock valued at $63,402,000 after buying an additional 150,227 shares during the last quarter. Vise Technologies Inc. raised its position in Affirm by 9.1% in the 4th quarter. Vise Technologies Inc. now owns 4,596 shares of the company’s stock valued at $342,000 after buying an additional 383 shares during the last quarter. TD Asset Management Inc raised its position in Affirm by 5.7% in the 4th quarter. TD Asset Management Inc now owns 47,016 shares of the company’s stock valued at $3,499,000 after buying an additional 2,547 shares during the last quarter. Lido Advisors LLC raised its position in Affirm by 15.0% in the 4th quarter. Lido Advisors LLC now owns 4,295 shares of the company’s stock valued at $315,000 after buying an additional 560 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in Affirm by 51.4% in the 4th quarter. CIBC Asset Management Inc now owns 12,257 shares of the company’s stock valued at $912,000 after buying an additional 4,160 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Trading Down 7.4%

Shares of Affirm stock opened at $63.61 on Friday. Affirm Holdings, Inc. has a 1 year low of $42.10 and a 1 year high of $100.00. The firm has a market cap of $21.30 billion, a PE ratio of 57.83, a P/E/G ratio of 3.66 and a beta of 3.70. The stock has a fifty day moving average price of $60.91 and a 200-day moving average price of $62.38. The company has a debt-to-equity ratio of 2.39, a current ratio of 11.32 and a quick ratio of 11.32.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.13. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The firm had revenue of $943.95 million during the quarter, compared to analyst estimates of $995.27 million. During the same period last year, the firm posted $0.01 EPS. The business’s revenue was up 32.7% compared to the same quarter last year. Equities research analysts anticipate that Affirm Holdings, Inc. will post 1.25 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AFRM shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a research report on Friday, March 27th. JPMorgan Chase & Co. increased their price target on Affirm from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Bank of America raised their target price on Affirm from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, May 11th. UBS Group raised their target price on Affirm from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Finally, Citizens Jmp decreased their target price on Affirm from $105.00 to $85.00 and set a “market outperform” rating for the company in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.20.

Insider Buying and Selling at Affirm

In other news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction 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 completion of the transaction, the director owned 36,076 shares in the company, valued at approximately $2,344,940. This represents a 5.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 11.01% of the company’s stock.

Affirm Company Profile

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.