Jump Financial LLC Has $9.68 Million Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Jump Financial LLC lifted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 100.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 158,973 shares of the company's stock after purchasing an additional 79,486 shares during the period. Jump Financial LLC owned 0.05% of Affirm worth $9,681,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AFRM. Vanguard Group Inc. boosted its holdings in Affirm by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company's stock worth $1,328,568,000 after buying an additional 716,574 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Affirm by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 4,173,353 shares of the company's stock valued at $254,238,000 after acquiring an additional 212,234 shares during the period. Norges Bank bought a new position in Affirm during the 4th quarter worth approximately $139,949,000. Charles Schwab Investment Management Inc. grew its holdings in Affirm by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,272,058 shares of the company's stock valued at $138,368,000 after purchasing an additional 68,848 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Affirm by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 885,097 shares of the company's stock valued at $53,902,000 after purchasing an additional 5,169 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Stock Up 3.2 %

Shares of NASDAQ AFRM traded up $1.31 during trading hours on Friday, hitting $42.07. The company had a trading volume of 4,756,989 shares, compared to its average volume of 8,340,199. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $82.53. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. The firm's 50 day moving average is $52.84 and its 200-day moving average is $56.01. The stock has a market capitalization of $13.38 billion, a P/E ratio of -64.72 and a beta of 3.68.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. On average, analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AFRM shares. The Goldman Sachs Group reduced their price target on shares of Affirm from $90.00 to $56.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Citizens Jmp raised Affirm from a "hold" rating to a "strong-buy" rating in a research note on Friday, December 20th. BMO Capital Markets reaffirmed an "outperform" rating and set a $69.00 price target on shares of Affirm in a research report on Thursday, March 20th. Compass Point upgraded Affirm from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $61.00 to $64.00 in a research report on Wednesday, March 19th. Finally, TD Cowen initiated coverage on shares of Affirm in a report on Tuesday, April 8th. They set a "buy" rating and a $50.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $66.74.

Insiders Place Their Bets

In related news, Director Keith Rabois sold 16,086 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $60.12, for a total transaction of $967,090.32. Following the transaction, the director now directly owns 77,608 shares of the company's stock, valued at approximately $4,665,792.96. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the sale, the director now directly owns 38,997 shares of the company's stock, valued at $1,785,282.66. This represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,762 shares of company stock valued at $3,241,246 over the last 90 days. 12.41% of the stock is currently owned by insiders.

About Affirm

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.