Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,663 shares of the company’s stock after purchasing an additional 5,931 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Affirm were worth $6,421,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Affirm by 1.2% during the third quarter. Vanguard Group Inc. now owns 18,737,059 shares of the company’s stock worth $398,537,000 after buying an additional 213,421 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Affirm by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,298,330 shares of the company’s stock valued at $27,615,000 after purchasing an additional 23,248 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Affirm by 3.1% in the third quarter. Northern Trust Corp now owns 1,002,905 shares of the company’s stock valued at $21,332,000 after purchasing an additional 30,552 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Affirm by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 754,950 shares of the company’s stock valued at $16,058,000 after purchasing an additional 23,268 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of Affirm by 1.8% during the third quarter. Swiss National Bank now owns 440,700 shares of the company’s stock valued at $9,374,000 after buying an additional 7,800 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Trading Up 5.3 %

Shares of AFRM stock traded up $1.68 during mid-day trading on Friday, reaching $33.33. 6,285,956 shares of the stock traded hands, compared to its average volume of 9,371,311. The stock’s fifty day simple moving average is $35.24 and its two-hundred day simple moving average is $35.00. The company has a market cap of $10.23 billion, a price-to-earnings ratio of -13.39 and a beta of 3.57. Affirm Holdings, Inc. has a 1-year low of $8.80 and a 1-year high of $52.48. The company has a quick ratio of 11.49, a current ratio of 11.49 and a debt-to-equity ratio of 2.35.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, February 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.08. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. The firm had revenue of $591.11 million for the quarter, compared to analysts’ expectations of $523.92 million. On average, research analysts anticipate that Affirm Holdings, Inc. will post -2.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Affirm from $24.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Royal Bank of Canada lifted their price objective on shares of Affirm from $26.00 to $50.00 and gave the company a “sector perform” rating in a research report on Friday, February 9th. Stephens lifted their price objective on shares of Affirm from $6.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, February 9th. Barclays lowered their target price on shares of Affirm from $50.00 to $41.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 16th. Finally, Wedbush reiterated an “underperform” rating and issued a $20.00 target price on shares of Affirm in a report on Friday, February 9th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Affirm has an average rating of “Hold” and an average price target of $27.86.

Insider Activity at Affirm

In other Affirm news, Director Keith Rabois sold 9,276 shares of Affirm stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $34.39, for a total transaction of $319,001.64. Following the completion of the transaction, the director now owns 78,552 shares of the company’s stock, valued at approximately $2,701,403.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 13.05% of the stock is owned by company insiders.

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.