Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 45.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,589 shares of the company’s stock after purchasing an additional 496 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Affirm were worth $99,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AFRM. Spyglass Capital Management LLC raised its position in shares of Affirm by 9.3% during the 3rd quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock valued at $95,849,000 after buying an additional 200,449 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Affirm by 44.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock worth $89,935,000 after acquiring an additional 672,883 shares during the last quarter. Artemis Investment Management LLP raised its position in Affirm by 2.1% in the fourth quarter. Artemis Investment Management LLP now owns 770,245 shares of the company’s stock valued at $46,908,000 after purchasing an additional 15,517 shares during the period. Bank of Montreal Can lifted its stake in shares of Affirm by 269.7% in the 3rd quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock valued at $29,814,000 after purchasing an additional 528,400 shares during the last quarter. Finally, Holocene Advisors LP purchased a new position in shares of Affirm during the 3rd quarter worth $27,872,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Trading Up 1.8 %

Shares of NASDAQ:AFRM opened at $80.69 on Friday. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $80.72. The company’s 50 day moving average is $63.89 and its two-hundred day moving average is $50.95. The company has a market cap of $25.34 billion, a PE ratio of -124.14 and a beta of 3.66. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative return on equity of 7.29% and a negative net margin of 7.10%. Equities analysts predict that Affirm Holdings, Inc. will post -0.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Affirm news, CFO Robert O’hare sold 11,218 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $70.00, for a total transaction of $785,260.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Keith Rabois sold 16,086 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $60.12, for a total value of $967,090.32. Following the completion of the sale, the director now directly owns 77,608 shares of the company’s stock, valued at $4,665,792.96. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,038,626 shares of company stock worth $70,690,871 over the last 90 days. 12.41% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Jefferies Financial Group raised shares of Affirm from a “hold” rating to a “buy” rating and upped their target price for the company from $70.00 to $82.00 in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. William Blair initiated coverage on Affirm in a research report on Wednesday, January 15th. They issued an “outperform” rating on the stock. Barclays raised their price target on Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Citizens Jmp upgraded Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Affirm has a consensus rating of “Moderate Buy” and an average target price of $70.24.

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.