AQR Capital Management LLC Acquires 722 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

AQR Capital Management LLC boosted its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,135 shares of the company’s stock after purchasing an additional 722 shares during the period. AQR Capital Management LLC’s holdings in Affirm were worth $880,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bank of Montreal Can grew its holdings in shares of Affirm by 2,305.3% in the 2nd quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock valued at $6,466,000 after acquiring an additional 187,790 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of Affirm during the 1st quarter worth approximately $258,000. Principal Financial Group Inc. raised its stake in shares of Affirm by 34.3% during the 1st quarter. Principal Financial Group Inc. now owns 19,065 shares of the company’s stock worth $710,000 after purchasing an additional 4,868 shares in the last quarter. Vanguard Group Inc. raised its stake 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 purchasing an additional 1,316,901 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Affirm in the 1st quarter valued at approximately $265,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Mizuho reaffirmed an “outperform” rating and set a $65.00 price target on shares of Affirm in a research report on Tuesday, August 27th. Wells Fargo & Company raised shares of Affirm from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $40.00 to $52.00 in a report on Friday. Morgan Stanley upgraded Affirm from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $22.00 to $37.00 in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on Affirm from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, Barclays raised their price objective on Affirm from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $39.82.

Insider Buying and Selling at Affirm

In other Affirm news, insider Katherine Adkins sold 6,084 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.00, for a total transaction of $273,780.00. Following the completion of the sale, the insider now directly owns 122,069 shares in the company, valued at $5,493,105. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Affirm news, insider Katherine Adkins sold 6,084 shares of Affirm stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.00, for a total value of $273,780.00. Following the transaction, the insider now owns 122,069 shares in the company, valued at $5,493,105. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Keith Rabois sold 9,275 shares of the stock in a transaction dated 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 transaction, the director now directly owns 64,348 shares of the company’s stock, valued at $1,730,961.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 112,075 shares of company stock valued at $4,803,786 in the last ninety days. 13.05% of the stock is currently owned by company insiders.

Affirm Stock Performance

NASDAQ AFRM opened at $47.08 on Friday. The firm has a 50-day moving average price of $36.84 and a two-hundred day moving average price of $33.26. Affirm Holdings, Inc. has a 12-month low of $15.97 and a 12-month high of $52.48. The company has a market capitalization of $14.65 billion, a P/E ratio of -28.02 and a beta of 3.50. 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 (NASDAQ:AFRM) last issued its quarterly earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.31. The business had revenue of $659.19 million during the quarter, compared to analysts’ expectations of $599.50 million. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. Analysts anticipate that Affirm Holdings, Inc. will post -0.82 earnings per share 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.