Marshall Wace LLP Has $137.24 Million Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Marshall Wace LLP raised its stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,253,530 shares of the company's stock after purchasing an additional 359,753 shares during the quarter. Marshall Wace LLP owned about 0.72% of Affirm worth $137,240,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Affirm during the fourth quarter valued at about $139,949,000. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 716,574 shares during the period. Groupama Asset Managment acquired a new stake in shares of Affirm in the fourth quarter worth $30,450,000. Amundi raised its stake in shares of Affirm by 107.5% in the 4th quarter. Amundi now owns 603,437 shares of the company's stock valued at $35,404,000 after acquiring an additional 312,620 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Affirm during the 4th quarter valued at $14,591,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Stock Performance

Shares of Affirm stock traded up $1.31 during trading on Friday, hitting $42.07. 4,756,989 shares of the stock were exchanged, compared to its average volume of 8,340,199. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The stock's fifty day moving average is $52.84 and its 200 day moving average is $56.01. The stock has a market cap of $13.38 billion, a PE ratio of -64.72 and a beta of 3.68. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AFRM. Wells Fargo & Company lowered their price target on Affirm from $85.00 to $67.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Morgan Stanley increased their target price on Affirm from $39.00 to $55.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 28th. Barclays boosted their price target on Affirm from $75.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. UBS Group increased their price objective on shares of Affirm from $46.00 to $62.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Finally, Susquehanna downgraded shares of Affirm from a "positive" rating to a "neutral" rating and set a $57.00 target price for the company. in a research note on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Affirm presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.74.

Insider Activity at Affirm

In other Affirm news, Director Keith Rabois sold 16,088 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $45.41, for a total value of $730,556.08. Following the transaction, the director now owns 45,432 shares of the company's stock, valued at approximately $2,063,067.12. This represents a 26.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christa S. Quarles sold 5,000 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the sale, the director now owns 137,325 shares of the company's stock, valued at $10,986,000. This trade represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,762 shares of company stock worth $3,241,246 over the last quarter. 12.41% of the stock is currently owned by company insiders.

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.