XTX Topco Ltd Takes $1.30 Million Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

XTX Topco Ltd bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 43,062 shares of the company’s stock, valued at approximately $1,301,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AFRM. Virtu Financial LLC bought a new stake in Affirm in the 2nd quarter valued at $3,413,000. Renaissance Technologies LLC purchased a new position in shares of Affirm during the second quarter valued at about $3,516,000. Plato Investment Management Ltd increased its holdings in shares of Affirm by 70.7% in the second quarter. Plato Investment Management Ltd now owns 2,267 shares of the company’s stock worth $68,000 after purchasing an additional 939 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Affirm in the second quarter worth about $963,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in Affirm by 87.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 22,470 shares of the company’s stock valued at $679,000 after buying an additional 10,469 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling at Affirm

In other news, Director Keith Rabois sold 9,275 shares of Affirm stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.90, for a total transaction of $249,497.50. Following the completion of the sale, the director now directly owns 64,348 shares in the company, valued at $1,730,961.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Affirm news, Director Keith Rabois sold 9,275 shares of the company’s 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 transaction, the director now directly 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 available through this hyperlink. Also, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the sale, the director now directly owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. The disclosure for this sale can be found here. Insiders have sold 121,351 shares of company stock valued at $5,081,045 in the last quarter. 13.05% of the stock is owned by insiders.

Affirm Trading Down 0.1 %

Shares of NASDAQ AFRM opened at $44.93 on Friday. Affirm Holdings, Inc. has a fifty-two week low of $15.97 and a fifty-two week high of $52.48. The company has a debt-to-equity ratio of 2.41, a quick ratio of 13.07 and a current ratio of 13.07. The company has a market cap of $13.89 billion, a price-to-earnings ratio of -20.15 and a beta of 3.51. The business’s 50 day moving average price is $32.71 and its 200-day moving average price is $32.69.

Analyst Ratings Changes

A number of analysts have issued reports on AFRM shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Affirm in a research note on Monday, June 24th. Mizuho restated an “outperform” rating and issued a $65.00 price target on shares of Affirm in a research report on Tuesday, August 27th. Barclays upped their price target on shares of Affirm from $41.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. BTIG Research started coverage on shares of Affirm in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Finally, JMP Securities initiated coverage on shares of Affirm in a research report on Friday, June 28th. They set a “market perform” rating on the stock. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Affirm presently has an average rating of “Hold” and an average price target of $35.31.

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.