Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,317 shares of the company’s stock after selling 1,742 shares during the quarter. Principal Financial Group Inc.’s holdings in Affirm were worth $811,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Hanseatic Management Services Inc. increased its holdings in Affirm by 12.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 1,797 shares of the company’s stock worth $109,000 after acquiring an additional 194 shares in the last quarter. KBC Group NV grew its position in shares of Affirm by 3.6% in the third quarter. KBC Group NV now owns 6,331 shares of the company’s stock valued at $258,000 after purchasing an additional 222 shares during the period. CIBC Asset Management Inc raised its position in shares of Affirm by 3.2% during the 3rd quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after purchasing an additional 233 shares during the last quarter. Waldron Private Wealth LLC lifted its stake in Affirm by 7.0% in the 4th quarter. Waldron Private Wealth LLC now owns 5,479 shares of the company’s stock valued at $334,000 after buying an additional 357 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Affirm by 356.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after buying an additional 410 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AFRM has been the topic of several research reports. Susquehanna downgraded Affirm from a “positive” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research report on Tuesday, January 21st. Compass Point raised shares of Affirm from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $20.00 to $61.00 in a research note on Tuesday, January 28th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research report on Friday, February 7th. Royal Bank of Canada boosted their price target on shares of Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and increased their price objective for the company from $70.00 to $82.00 in a report on Thursday, December 19th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.24.

Affirm Trading Down 10.2 %

Shares of AFRM stock opened at $52.64 on Friday. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $82.53. The firm has a market cap of $16.74 billion, a PE ratio of -80.98 and a beta of 3.63. The company has a 50-day moving average of $63.66 and a two-hundred day moving average of $54.88. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. On average, analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Activity

In other news, COO Michael Linford sold 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $68.99, for a total value of $27,596,000.00. Following the completion of the transaction, the chief operating officer now owns 85,420 shares of the company’s stock, valued at approximately $5,893,125.80. This trade represents a 82.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $72.05, for a total transaction of $180,125.00. Following the sale, the director now directly owns 41,497 shares in the company, valued at approximately $2,989,858.85. The trade was a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 478,387 shares of company stock valued at $32,691,830. 12.41% of the stock is currently owned by corporate insiders.

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.