Jones Financial Companies Lllp Sells 875 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Jones Financial Companies Lllp lessened its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 39.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,368 shares of the company’s stock after selling 875 shares during the period. Jones Financial Companies Lllp’s holdings in Affirm were worth $83,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its stake in shares of Affirm by 10.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 24,902 shares of the company’s stock valued at $1,016,000 after purchasing an additional 2,432 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Affirm during the third quarter valued at about $1,419,000. KBC Group NV boosted its stake in shares of Affirm by 3.6% during the third quarter. KBC Group NV now owns 6,331 shares of the company’s stock valued at $258,000 after purchasing an additional 222 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Affirm by 3.2% during the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock valued at $307,000 after purchasing an additional 233 shares in the last quarter. Finally, Natixis Advisors LLC acquired a new stake in shares of Affirm during the third quarter valued at about $759,000. Institutional investors own 69.29% of the company’s stock.

Insider Activity

In other news, Director Keith Rabois sold 16,088 shares of the business’s stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Robert O’hare sold 6,541 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was 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 of the company’s stock, valued at $184,535.64. This trade represents a 68.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 59,801 shares of company stock worth $3,806,093 over the last quarter. 12.41% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AFRM shares. Jefferies Financial Group raised Affirm from a “hold” rating to a “buy” rating and lifted their price target for the company from $70.00 to $82.00 in a research note on Thursday, December 19th. Wells Fargo & Company lifted their price objective on Affirm from $70.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Royal Bank of Canada lifted their price objective on Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Mizuho lifted their price objective on Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.24.

Affirm Trading Up 6.8 %

NASDAQ AFRM opened at $50.08 on Monday. The company has a market cap of $15.93 billion, a price-to-earnings ratio of -77.05 and a beta of 3.63. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The business has a 50 day moving average price of $61.91 and a 200-day moving average price of $55.96. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. As a group, equities analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal 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.