US Bancorp DE Increases Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

US Bancorp DE boosted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 9.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,065 shares of the company’s stock after buying an additional 1,410 shares during the quarter. US Bancorp DE’s holdings in Affirm were worth $697,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Affirm by 82.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after acquiring an additional 540 shares in the last quarter. ORG Partners LLC boosted its stake in shares of Affirm by 80.0% in the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after buying an additional 551 shares during the last quarter. Myecfo LLC boosted its stake in shares of Affirm by 5.0% in the 3rd quarter. Myecfo LLC now owns 12,260 shares of the company’s stock worth $500,000 after buying an additional 589 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Affirm by 5.7% in the second quarter. Commonwealth Equity Services LLC now owns 12,548 shares of the company’s stock valued at $379,000 after acquiring an additional 680 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in shares of Affirm in the 3rd quarter worth approximately $29,000. 69.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on AFRM shares. BTIG Research raised Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Tuesday, October 8th. Bank of America increased their price target on Affirm from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. boosted their price objective on Affirm from $47.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday. Wells Fargo & Company increased their target price on shares of Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Mizuho reissued an “outperform” rating and issued a $65.00 price target on shares of Affirm in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Affirm has an average rating of “Hold” and a consensus target price of $46.03.

Affirm Stock Performance

Shares of AFRM opened at $46.48 on Friday. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41. The stock has a 50-day moving average price of $42.98 and a 200-day moving average price of $34.87. The company has a market cap of $14.46 billion, a PE ratio of -27.67 and a beta of 3.47. Affirm Holdings, Inc. has a 12-month low of $21.87 and a 12-month high of $52.48.

Affirm (NASDAQ:AFRM) last announced its 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 analyst estimates of $599.50 million. Affirm had a negative net margin of 22.29% and a negative return on equity of 15.55%. As a group, equities analysts forecast that Affirm Holdings, Inc. will post -0.62 earnings per share for the current fiscal year.

Insider Transactions at Affirm

In related news, insider Katherine Adkins sold 82,316 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total value of $3,704,220.00. Following the transaction, the insider now owns 91,499 shares of the company’s stock, valued at $4,117,455. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total value of $576,288.00. Following the completion of the sale, the director now owns 141,903 shares in the company, valued at $5,678,958.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Katherine Adkins sold 82,316 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total value of $3,704,220.00. Following the completion of the sale, the insider now directly owns 91,499 shares of the company’s stock, valued at approximately $4,117,455. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,800 shares of company stock valued at $4,554,288. Insiders own 13.05% of the company’s stock.

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.