Y Intercept Hong Kong Ltd Grows Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Y Intercept Hong Kong Ltd boosted its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 46.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,215 shares of the company’s stock after purchasing an additional 18,577 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Affirm were worth $3,545,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AFRM. Geneos Wealth Management Inc. increased its stake in 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 purchasing an additional 410 shares in the last quarter. R Squared Ltd acquired a new stake in Affirm during the 4th quarter valued at $33,000. Advisors Asset Management Inc. grew its holdings in Affirm by 168.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after buying an additional 671 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Affirm by 200.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after buying an additional 732 shares during the last quarter. Finally, Valley National Advisers Inc. acquired a new stake in Affirm during the 4th quarter valued at $61,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Affirm

In other Affirm news, President Libor Michalek sold 6,629 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $72.08, for a total value of $477,818.32. Following the transaction, the president now directly owns 160,601 shares of the company’s stock, valued at $11,576,120.08. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Keith Rabois sold 16,086 shares of Affirm stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $60.12, for a total value of $967,090.32. Following the sale, the director now directly owns 77,608 shares in the company, valued at approximately $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 have sold 579,111 shares of company stock valued at $40,020,081 over the last three months. 12.41% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on AFRM. William Blair began coverage on Affirm in a report on Wednesday, January 15th. They set an “outperform” rating on the stock. Mizuho increased their target price on Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. UBS Group raised their price objective on Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, Citizens Jmp upgraded Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. 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. Based on data from MarketBeat.com, Affirm presently has an average rating of “Moderate Buy” and a consensus target price of $70.24.

Affirm Price Performance

Shares of Affirm stock opened at $68.55 on Monday. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $82.53. The stock has a market capitalization of $21.80 billion, a P/E ratio of -105.46 and a beta of 3.66. 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 business’s fifty day moving average price is $64.62 and its 200 day moving average price is $53.08.

Affirm (NASDAQ:AFRM) last released 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 return on equity of 7.25% and a negative net margin of 7.10%. As a group, research analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

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.