Affirm Holdings, Inc. $AFRM Stock Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 111.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,506 shares of the company’s stock after acquiring an additional 9,756 shares during the period. Vontobel Holding Ltd.’s holdings in Affirm were worth $1,281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AFRM. Rhodes Investment Advisors Inc. ADV increased its position in shares of Affirm by 1.3% during the third quarter. Rhodes Investment Advisors Inc. ADV now owns 11,378 shares of the company’s stock worth $788,000 after purchasing an additional 149 shares in the last quarter. Mather Group LLC. boosted its position in shares of Affirm by 52.9% in the 3rd quarter. Mather Group LLC. now owns 613 shares of the company’s stock worth $42,000 after purchasing an additional 212 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Affirm by 3.6% in the 1st quarter. QRG Capital Management Inc. now owns 9,684 shares of the company’s stock worth $444,000 after purchasing an additional 340 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Affirm by 9.2% in the 2nd quarter. IFP Advisors Inc now owns 4,080 shares of the company’s stock worth $333,000 after purchasing an additional 343 shares in the last quarter. Finally, ABN Amro Investment Solutions boosted its position in shares of Affirm by 3.6% in the 1st quarter. ABN Amro Investment Solutions now owns 10,931 shares of the company’s stock worth $501,000 after purchasing an additional 378 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Dbs Bank upgraded Affirm to a “moderate buy” rating in a research note on Wednesday, September 30th. Wells Fargo & Company increased their price target on Affirm from $89.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. TD Cowen lowered their price target on Affirm from $124.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, October 6th. BMO Capital Markets reiterated an “outperform” rating on shares of Affirm in a research note on Wednesday, September 9th. Finally, Robert W. Baird boosted their price target on Affirm from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Twenty-four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $97.69.

Affirm Stock Performance

Shares of NASDAQ AFRM opened at $72.80 on Tuesday. The company has a current ratio of 11.80, a quick ratio of 11.80 and a debt-to-equity ratio of 1.82. Affirm Holdings, Inc. has a 12 month low of $42.10 and a 12 month high of $90.44. The company has a 50 day simple moving average of $73.60 and a two-hundred day simple moving average of $70.73. The stock has a market cap of $24.56 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 2.97 and a beta of 3.82.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, August 27th. The company reported $4.62 EPS for the quarter, beating the consensus estimate of $0.35 by $4.27. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.11 billion. Affirm had a net margin of 45.29% and a return on equity of 47.91%. The business’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. As a group, analysts predict that Affirm Holdings, Inc. will post 1.91 earnings per share for the current year.

Insider Buying and Selling at Affirm

In other Affirm news, insider Katherine Adkins sold 41,664 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $75.53, for a total value of $3,146,881.92. Following the sale, the insider directly owned 152,439 shares of the company’s stock, valued at approximately $11,513,717.67. This represents a 21.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Siphelele Jiyane sold 26,980 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $72.19, for a total value of $1,947,686.20. Following the sale, the chief accounting officer directly owned 188,711 shares in the company, valued at $13,623,047.09. This represents a 12.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 280,118 shares of company stock valued at $22,223,307. Company insiders own 11.01% of the company’s stock.

Affirm Company Profile

Affirm Holdings, Inc (NASDAQ: AFRM) operates a financial technology platform that provides consumers with flexible payment options at the point of sale. Its services allow shoppers to split eligible purchases into scheduled installments, with terms and costs disclosed before a transaction is completed.

Affirm’s platform is available through online and mobile checkout experiences, as well as through the Affirm app. Its product offerings include buy now, pay later financing, the Affirm Card, and savings products.