Swiss National Bank Purchases 12,900 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Swiss National Bank boosted its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 476,400 shares of the company’s stock after purchasing an additional 12,900 shares during the period. Swiss National Bank owned about 0.15% of Affirm worth $29,013,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Hanseatic Management Services Inc. grew its holdings in Affirm by 12.1% during the 4th quarter. Hanseatic Management Services Inc. now owns 1,797 shares of the company’s stock valued at $109,000 after purchasing an additional 194 shares during the last quarter. KBC Group NV grew its holdings in Affirm by 3.6% during the 3rd quarter. KBC Group NV now owns 6,331 shares of the company’s stock valued at $258,000 after purchasing an additional 222 shares during the last quarter. CIBC Asset Management Inc grew its stake in Affirm by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after acquiring an additional 233 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Affirm by 29.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,422 shares of the company’s stock worth $87,000 after acquiring an additional 325 shares in the last quarter. Finally, Waldron Private Wealth LLC grew its stake in Affirm by 7.0% in the 4th quarter. Waldron Private Wealth LLC now owns 5,479 shares of the company’s stock worth $334,000 after acquiring an additional 357 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AFRM shares. Mizuho upped their target price on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Royal Bank of Canada upped their target price on shares of Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Compass Point upgraded shares of Affirm from a “sell” rating to a “neutral” rating and upped their target price for the stock from $20.00 to $61.00 in a research note on Tuesday, January 28th. Bank of America upped their target price on shares of Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, JMP Securities upped their price target on shares of Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Friday, February 7th. Nine equities research 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 stock. According to data from MarketBeat.com, Affirm has an average rating of “Moderate Buy” and an average target price of $70.24.

Insiders Place Their Bets

In other news, CFO Robert O’hare sold 6,541 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total value of $407,373.48. Following the sale, the chief financial officer now owns 2,963 shares in the company, valued at $184,535.64. This represents a 68.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Rabois sold 16,088 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the completion of the sale, the director now owns 61,520 shares in the company, valued at $3,935,434.40. The trade was a 20.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,801 shares of company stock valued at $3,806,093. Insiders own 12.41% of the company’s stock.

Affirm Trading Down 4.2 %

NASDAQ:AFRM opened at $47.96 on Tuesday. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The firm has a 50 day moving average of $61.57 and a 200 day moving average of $56.01. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $15.25 billion, a price-to-earnings ratio of -73.78 and a beta of 3.63.

Affirm (NASDAQ:AFRM) last posted 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 net margin of 7.10% and a negative return on equity of 7.25%. As a group, sell-side analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share 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.