Jones Financial Companies Lllp Sells 875 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Jones Financial Companies Lllp reduced its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 39.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,368 shares of the company’s stock after selling 875 shares during the quarter. Jones Financial Companies Lllp’s holdings in Affirm were worth $83,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AFRM. Holocene Advisors LP bought a new position in shares of Affirm during the 3rd quarter worth approximately $27,872,000. Charles Schwab Investment Management Inc. grew its stake in shares of Affirm by 44.0% during the 3rd 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 in the last quarter. Bank of Montreal Can grew its stake in shares of Affirm by 269.7% during the 3rd quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock worth $29,814,000 after acquiring an additional 528,400 shares in the last quarter. Atreides Management LP bought a new position in shares of Affirm during the 3rd quarter worth approximately $20,404,000. Finally, Quadrature Capital Ltd grew its stake in shares of Affirm by 214.4% during the 3rd quarter. Quadrature Capital Ltd now owns 485,431 shares of the company’s stock worth $19,820,000 after acquiring an additional 331,042 shares in the last quarter. 69.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.32, for a total value of $1,002,479.52. Following the transaction, the director now owns 93,694 shares in the company, valued at approximately $5,839,010.08. This trade represents a 14.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christa S. Quarles sold 5,000 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $80.00, for a total value of $400,000.00. Following the completion of the transaction, the director now owns 137,325 shares in the company, valued at $10,986,000. The trade was a 3.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,801 shares of company stock worth $3,806,093. Company insiders own 12.41% of the company’s stock.

Affirm Stock Up 6.8 %

AFRM opened at $50.08 on Monday. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $82.53. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The company has a market capitalization of $15.93 billion, a P/E ratio of -77.05 and a beta of 3.63. The stock has a fifty day moving average of $61.91 and a 200-day moving average of $55.96.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a report on Friday, February 7th. The Goldman Sachs Group increased their price objective on Affirm from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, February 10th. Citizens Jmp raised Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Mizuho increased their price objective on Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Barclays increased their price objective on Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Nine 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.