Affirm Holdings, Inc. (NASDAQ:AFRM) Position Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 98.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 131,515 shares of the company’s stock after selling 8,625,500 shares during the quarter. New York State Common Retirement Fund’s holdings in Affirm were worth $8,009,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Hanseatic Management Services Inc. boosted its stake in Affirm by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 1,797 shares of the company’s stock valued at $109,000 after acquiring an additional 194 shares during the period. KBC Group NV grew its stake in Affirm by 3.6% during the 3rd quarter. KBC Group NV now owns 6,331 shares of the company’s stock worth $258,000 after buying an additional 222 shares during the last quarter. CIBC Asset Management Inc increased its position in Affirm by 3.2% in the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after buying an additional 233 shares during the period. Venturi Wealth Management LLC lifted its stake in Affirm by 29.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,422 shares of the company’s stock valued at $87,000 after buying an additional 325 shares during the last quarter. Finally, Waldron Private Wealth LLC boosted its holdings in shares of Affirm by 7.0% during the fourth quarter. Waldron Private Wealth LLC now owns 5,479 shares of the company’s stock valued at $334,000 after acquiring an additional 357 shares during the period. Institutional investors own 69.29% of the company’s stock.

Insider Activity at Affirm

In related news, CFO Robert O’hare sold 13,965 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $68.57, for a total value of $957,580.05. Following the completion of the transaction, the chief financial officer now owns 668 shares in the company, valued at $45,804.76. This trade represents a 95.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Rabois sold 16,086 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $60.12, for a total value of $967,090.32. Following the completion of the sale, the director now owns 77,608 shares of the company’s stock, valued at $4,665,792.96. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 579,111 shares of company stock valued at $40,020,081 in the last quarter. Insiders own 12.41% of the company’s stock.

Wall Street Analyst Weigh In

AFRM has been the subject of a number of recent analyst reports. Mizuho increased their price objective on Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. upped their price objective on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. UBS Group raised their target price on shares of Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Royal Bank of Canada upped their target price on Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Finally, Bank of America lifted their price target on Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.24.

Affirm Stock Performance

Shares of NASDAQ AFRM opened at $63.96 on Wednesday. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. The firm has a market cap of $20.34 billion, a price-to-earnings ratio of -98.40 and a beta of 3.66. The stock’s fifty day moving average price is $64.36 and its two-hundred day moving average price is $53.64. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $82.53.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.23 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%. On average, equities analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current 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.