Affirm Holdings, Inc. (NASDAQ:AFRM) Stake Increased by XTX Topco Ltd

XTX Topco Ltd grew its position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 25.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,032 shares of the company's stock after acquiring an additional 10,970 shares during the quarter. XTX Topco Ltd's holdings in Affirm were worth $2,206,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. National Bank of Canada FI boosted its holdings in shares of Affirm by 127.3% in the third quarter. National Bank of Canada FI now owns 4,410 shares of the company's stock valued at $180,000 after acquiring an additional 2,470 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in Affirm in the third quarter valued at about $2,106,000. Weiss Asset Management LP purchased a new stake in Affirm in the 3rd quarter valued at approximately $443,000. Sora Investors LLC acquired a new position in Affirm during the 3rd quarter worth approximately $2,857,000. Finally, Stifel Financial Corp purchased a new position in shares of Affirm during the 3rd quarter worth approximately $228,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Trading Up 5.2 %

Affirm stock traded up $3.53 during trading on Friday, hitting $71.88. The company's stock had a trading volume of 6,500,112 shares, compared to its average volume of 12,462,556. The stock's fifty day moving average is $52.01 and its 200 day moving average is $39.30. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $72.82. The stock has a market capitalization of $22.57 billion, a price-to-earnings ratio of -50.62 and a beta of 3.66.

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

Insider Buying and Selling at Affirm

In other Affirm news, CFO Robert O'hare sold 100,938 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Libor Michalek sold 93,371 shares of Affirm stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $72.00, for a total transaction of $6,722,712.00. Following the sale, the president now owns 160,601 shares in the company, valued at $11,563,272. This represents a 36.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 985,065 shares of company stock valued at $60,544,069. Company insiders own 12.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AFRM shares. Wedbush upgraded Affirm from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $25.00 to $45.00 in a research report on Monday, October 14th. Barclays raised their price objective on shares of Affirm from $64.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Morgan Stanley upgraded shares of Affirm from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $22.00 to $37.00 in a research report on Wednesday, October 9th. Mizuho lifted their price target on shares of Affirm from $65.00 to $69.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. raised their price objective on Affirm from $56.00 to $74.00 and gave the company an "overweight" rating in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $55.33.

Affirm Company 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.