51,592 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Bought by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the third quarter, according to its most recent filing with the SEC. The fund acquired 51,592 shares of the company's stock, valued at approximately $2,106,000.

Other hedge funds have also bought and sold shares of the company. Bank of Montreal Can grew its position in Affirm by 2,305.3% in the second quarter. Bank of Montreal Can now owns 195,936 shares of the company's stock worth $6,466,000 after acquiring an additional 187,790 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Affirm in the third quarter worth $1,419,000. Quest Partners LLC bought a new stake in Affirm in the third quarter worth $391,000. International Assets Investment Management LLC bought a new stake in Affirm in the third quarter worth $731,000. Finally, Entropy Technologies LP bought a new stake in Affirm in the third quarter worth $464,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Affirm

In other news, CFO Robert O'hare sold 79,039 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $70.01, for a total value of $5,533,520.39. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Libor Michalek sold 93,371 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $72.00, for a total transaction of $6,722,712.00. Following the completion of the sale, the president now owns 160,601 shares in the company, valued at $11,563,272. The trade was a 36.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 985,065 shares of company stock valued at $60,544,069 over the last 90 days. Insiders own 12.41% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AFRM shares. Morgan Stanley raised shares of Affirm from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $22.00 to $37.00 in a research note on Wednesday, October 9th. Royal Bank of Canada reiterated a "sector perform" rating and set a $46.00 price target on shares of Affirm in a report on Friday, October 4th. The Goldman Sachs Group increased their price target on shares of Affirm from $57.00 to $78.00 and gave the company a "buy" rating in a report on Monday, December 2nd. JPMorgan Chase & Co. increased their price objective on shares of Affirm from $56.00 to $74.00 and gave the company an "overweight" rating in a research report on Monday, December 2nd. Finally, Wells Fargo & Company increased their price target on shares of Affirm from $52.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Affirm presently has an average rating of "Hold" and a consensus price target of $55.33.

Affirm Trading Down 4.3 %

AFRM traded down $3.06 on Monday, reaching $68.82. 6,480,079 shares of the company traded hands, compared to its average volume of 9,045,729. The firm has a fifty day simple moving average of $52.01 and a two-hundred day simple moving average of $39.36. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $72.82. The company has a market cap of $21.61 billion, a P/E ratio of -50.62 and a beta of 3.66. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.05. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The firm had revenue of $698.48 million during the quarter, compared to analysts' expectations of $661.39 million. During the same quarter in the prior year, the company earned ($0.57) EPS. As a group, equities research analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

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.