US Bancorp DE Sells 486 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

US Bancorp DE decreased its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,579 shares of the company’s stock after selling 486 shares during the period. US Bancorp DE’s holdings in Affirm were worth $1,010,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. grew its holdings in shares of Affirm by 356.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after acquiring an additional 410 shares in the last quarter. R Squared Ltd acquired a new stake in Affirm during the fourth quarter worth approximately $33,000. Advisors Asset Management Inc. increased its position in Affirm by 168.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after buying an additional 671 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Affirm by 200.5% during the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after buying an additional 732 shares in the last quarter. Finally, Valley National Advisers Inc. acquired a new position in shares of Affirm during the 4th quarter worth approximately $61,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Keith Rabois sold 16,086 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $68.98, for a total transaction of $1,109,612.28. Following the transaction, the director now owns 109,780 shares of the company’s stock, valued at $7,572,624.40. This represents a 12.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert O’hare sold 6,541 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total transaction of $407,373.48. Following the completion of the sale, the chief financial officer now directly owns 2,963 shares in the company, valued at approximately $184,535.64. This trade represents a 68.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 478,387 shares of company stock valued at $32,691,830. Insiders own 12.41% of the company’s stock.

Affirm Trading Down 1.3 %

Shares of Affirm stock opened at $51.97 on Monday. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. The stock has a fifty day simple moving average of $63.40 and a 200 day simple moving average of $55.39. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $82.53. The company has a market capitalization of $16.53 billion, a P/E ratio of -79.95 and a beta of 3.63.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate 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, sell-side analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Susquehanna downgraded shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a research note on Tuesday, January 21st. JMP Securities boosted their target price on Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a research note on Friday, February 7th. Jefferies Financial Group upgraded Affirm from a “hold” rating to a “buy” rating and increased their target price for the company from $70.00 to $82.00 in a research report on Thursday, December 19th. Barclays raised their target price on Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group increased their target price on shares of Affirm from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.