DekaBank Deutsche Girozentrale Has $409,000 Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

DekaBank Deutsche Girozentrale boosted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 404.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,209 shares of the company’s stock after buying an additional 10,592 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Affirm were worth $409,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AFRM. Vanguard Group Inc. raised its holdings in shares of Affirm by 6.8% during the first quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock worth $775,895,000 after acquiring an additional 1,316,901 shares during the period. Capital World Investors lifted its holdings in shares of Affirm by 0.4% in the first quarter. Capital World Investors now owns 19,079,071 shares of the company’s stock valued at $710,886,000 after purchasing an additional 77,050 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Affirm by 4.2% during the first quarter. Baillie Gifford & Co. now owns 18,732,407 shares of the company’s stock worth $697,969,000 after buying an additional 749,368 shares during the period. Norges Bank bought a new position in shares of Affirm during the fourth quarter worth about $67,310,000. Finally, Leo Wealth LLC acquired a new stake in Affirm in the 4th quarter valued at approximately $57,647,000. Institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling at Affirm

In other news, 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 transaction, the insider now owns 91,499 shares of the company’s stock, valued at $4,117,455. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Keith Rabois sold 9,275 shares of Affirm stock in a transaction on 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 sale, the director now owns 64,348 shares of the company’s stock, valued at $1,730,961.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Katherine Adkins sold 82,316 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total transaction 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. The disclosure for this sale can be found here. Insiders have sold a total of 121,351 shares of company stock valued at $5,081,045 in the last three months. 13.05% of the stock is currently owned by company insiders.

Affirm Stock Performance

NASDAQ AFRM opened at $44.93 on Friday. The stock has a market cap of $13.89 billion, a PE ratio of -20.26 and a beta of 3.51. The company has a debt-to-equity ratio of 2.41, a quick ratio of 13.07 and a current ratio of 13.07. The firm has a 50-day moving average of $32.71 and a 200-day moving average of $32.69. Affirm Holdings, Inc. has a 52-week low of $15.97 and a 52-week high of $52.48.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AFRM shares. JPMorgan Chase & Co. raised their price target on shares of Affirm from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research report on Friday, September 6th. Barclays boosted their price target on shares of Affirm from $41.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Susquehanna initiated coverage on Affirm in a report on Friday. They issued a “positive” rating and a $52.00 price objective for the company. Finally, Bank of America upped their target price on Affirm from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.31.

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.