SBI Securities Co. Ltd. Invests $1.71 Million in Affirm Holdings, Inc. (NASDAQ:AFRM)

SBI Securities Co. Ltd. acquired a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 28,071 shares of the company's stock, valued at approximately $1,710,000.

A number of other large investors have also made changes to their positions in AFRM. Oppenheimer & Co. Inc. bought a new position in Affirm during the third quarter valued at about $1,419,000. Quest Partners LLC bought a new stake in shares of Affirm during the third quarter valued at approximately $391,000. International Assets Investment Management LLC acquired a new position in shares of Affirm in the third quarter valued at $731,000. Entropy Technologies LP bought a new position in Affirm in the third quarter worth $464,000. Finally, Nordea Investment Management AB acquired a new stake in Affirm during the fourth quarter worth $6,380,000. Institutional investors and hedge funds own 69.29% of the company's stock.

Insider Transactions at Affirm

In other news, Director Keith Rabois sold 16,086 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $68.98, for a total transaction of $1,109,612.28. Following the completion of the transaction, the director now directly owns 109,780 shares in the company, valued at $7,572,624.40. This represents a 12.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $72.05, for a total value of $180,125.00. Following the sale, the director now owns 41,497 shares in the company, valued at $2,989,858.85. The trade was a 5.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 478,387 shares of company stock valued at $32,691,830 over the last three months. Company insiders own 12.41% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AFRM. Mizuho increased their price objective on shares of Affirm from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. increased their price target on shares of Affirm from $56.00 to $74.00 and gave the stock an "overweight" rating in a research report on Monday, December 2nd. Susquehanna lowered Affirm from a "positive" rating to a "neutral" rating and set a $57.00 price objective on the stock. in a research note on Tuesday, January 21st. UBS Group raised their target price on Affirm from $46.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Finally, Barclays upped their price target on Affirm from $75.00 to $85.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Affirm presently has a consensus rating of "Moderate Buy" and an average price target of $70.24.

Affirm Trading Up 2.9 %

NASDAQ:AFRM traded up $1.64 during trading hours on Wednesday, hitting $58.65. The stock had a trading volume of 6,349,476 shares, compared to its average volume of 7,910,168. The business's 50 day moving average is $63.94 and its 200-day moving average is $54.89. 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 company has a market cap of $18.65 billion, a price-to-earnings ratio of -90.23 and a beta of 3.66. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $82.53.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS 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.