Gilder Gagnon Howe & Co. LLC Has $46.75 Million Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Gilder Gagnon Howe & Co. LLC grew its position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 1,801.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 767,677 shares of the company's stock after buying an additional 727,298 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned approximately 0.24% of Affirm worth $46,752,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in Affirm during the 4th quarter worth approximately $139,949,000. Capital International Investors acquired a new position in Affirm during the fourth quarter valued at $100,030,000. Vanguard Group Inc. boosted its position in Affirm by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company's stock worth $1,328,568,000 after acquiring an additional 716,574 shares during the period. Groupama Asset Managment acquired a new position in shares of Affirm in the 4th quarter valued at about $30,450,000. Finally, Capital Research Global Investors lifted its position in shares of Affirm by 2.0% in the fourth quarter. Capital Research Global Investors now owns 24,264,396 shares of the company's stock worth $1,477,747,000 after purchasing an additional 470,409 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.

Affirm Price Performance

Shares of NASDAQ:AFRM traded up $1.23 on Tuesday, hitting $50.40. The stock had a trading volume of 7,366,104 shares, compared to its average volume of 8,367,736. The firm's 50 day moving average price is $48.92 and its 200-day moving average price is $56.44. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $82.53. The company has a market capitalization of $16.03 billion, a price-to-earnings ratio of -77.54 and a beta of 3.68.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Christa S. Quarles sold 5,000 shares of Affirm stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $80.00, for a total value of $400,000.00. Following the completion of the sale, the director now directly owns 137,325 shares in the company, valued at $10,986,000. This trade represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Rabois sold 16,088 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $45.41, for a total transaction of $730,556.08. Following the transaction, the director now owns 45,432 shares in the company, valued at approximately $2,063,067.12. The trade was a 26.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,762 shares of company stock valued at $3,241,246. Insiders own 12.41% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. William Blair initiated coverage on shares of Affirm in a research report on Wednesday, January 15th. They issued an "outperform" rating for the company. Compass Point raised Affirm from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $61.00 to $64.00 in a research report on Wednesday, March 19th. JMP Securities boosted their target price on Affirm from $78.00 to $85.00 and gave the company a "market outperform" rating in a research note on Friday, February 7th. Royal Bank of Canada lifted their price target on Affirm from $67.00 to $81.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Finally, Seaport Res Ptn upgraded Affirm to a "hold" rating in a report on Monday, March 24th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $66.74.

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.