Oppenheimer Asset Management Inc. Grows Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Oppenheimer Asset Management Inc. boosted its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 87.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,470 shares of the company’s stock after acquiring an additional 10,469 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Affirm were worth $679,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in AFRM. Vanguard Group Inc. boosted its position in shares of Affirm by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock worth $775,895,000 after acquiring an additional 1,316,901 shares in the last quarter. Capital World Investors boosted its holdings in Affirm by 0.4% in the first quarter. Capital World Investors now owns 19,079,071 shares of the company’s stock valued at $710,886,000 after purchasing an additional 77,050 shares in the last quarter. Baillie Gifford & Co. increased its stake in Affirm by 4.2% in the first quarter. Baillie Gifford & Co. now owns 18,732,407 shares of the company’s stock valued at $697,969,000 after purchasing an additional 749,368 shares during the last quarter. Norges Bank acquired a new stake in Affirm during the fourth quarter worth approximately $67,310,000. Finally, Leo Wealth LLC purchased a new stake in shares of Affirm during the 4th quarter worth approximately $57,647,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Transactions at Affirm

In other news, Director Keith Rabois sold 9,275 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $26.90, for a total value of $249,497.50. Following the completion of the transaction, the director now owns 64,348 shares in the company, valued at approximately $1,730,961.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Katherine Adkins sold 6,084 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.00, for a total transaction of $273,780.00. Following the sale, the insider now owns 122,069 shares in the company, valued at $5,493,105. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Keith Rabois sold 9,275 shares of Affirm stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $26.90, for a total value of $249,497.50. Following the completion of the sale, the director now owns 64,348 shares of the company’s stock, valued at approximately $1,730,961.20. The disclosure for this sale can be found here. In the last three months, insiders sold 121,351 shares of company stock valued at $5,081,045. Corporate insiders own 13.05% of the company’s stock.

Analyst Upgrades and Downgrades

AFRM has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Affirm from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group reissued a “buy” rating and issued a $42.00 target price on shares of Affirm in a report on Monday, June 24th. Mizuho reaffirmed an “outperform” rating and set a $65.00 price target on shares of Affirm in a research report on Tuesday, August 27th. Royal Bank of Canada boosted their price objective on Affirm from $43.00 to $46.00 and gave the company a “sector perform” rating in a research note on Thursday, August 29th. Finally, Susquehanna started coverage on shares of Affirm in a research report on Friday. They set a “positive” rating and a $52.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Affirm has an average rating of “Hold” and a consensus target price of $35.31.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $44.93 on Friday. Affirm Holdings, Inc. has a 52 week low of $15.97 and a 52 week high of $52.48. The company has a 50-day moving average price of $32.71 and a 200 day moving average price of $32.69. The company has a market cap of $13.89 billion, a P/E ratio of -20.15 and a beta of 3.51. The company has a quick ratio of 13.07, a current ratio of 13.07 and a debt-to-equity ratio of 2.41.

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.