Geode Capital Management LLC Has $161.74 Million Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Geode Capital Management LLC reduced its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,961,119 shares of the company’s stock after selling 42,541 shares during the quarter. Geode Capital Management LLC owned approximately 1.27% of Affirm worth $161,736,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bank of Montreal Can increased its holdings in Affirm by 2,305.3% in the second quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock valued at $6,466,000 after purchasing an additional 187,790 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Affirm in the 3rd quarter valued at about $1,419,000. Quest Partners LLC acquired a new stake in shares of Affirm in the third quarter valued at about $391,000. International Assets Investment Management LLC bought a new position in shares of Affirm during the third quarter worth about $731,000. Finally, Entropy Technologies LP acquired a new position in shares of Affirm in the third quarter worth approximately $464,000. Institutional investors own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AFRM shares. Barclays increased their target price on shares of Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Wells Fargo & Company lifted their target price on shares of Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their price target on shares of Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Mizuho lifted their price objective on Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, BTIG Research raised Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Affirm currently has an average rating of “Hold” and an average target price of $55.36.

Insider Buying and Selling at Affirm

In related news, President Libor Michalek sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $62.00, for a total value of $6,200,000.00. Following the transaction, the president now owns 159,449 shares of the company’s stock, valued at approximately $9,885,838. This trade represents a 38.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael Linford sold 400,000 shares of Affirm stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $68.99, for a total value of $27,596,000.00. Following the transaction, the chief operating officer now owns 85,420 shares of the company’s stock, valued at $5,893,125.80. This trade represents a 82.40 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,380,667 shares of company stock valued at $88,399,613. Corporate insiders own 12.41% of the company’s stock.

Affirm Stock Up 2.8 %

AFRM stock opened at $70.70 on Monday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $72.82. The stock’s 50 day simple moving average is $54.98 and its 200 day simple moving average is $40.74. The company has a market cap of $22.20 billion, a P/E ratio of -49.79 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The company had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. During the same period in the prior year, the firm earned ($0.57) earnings per share. On average, research analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

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.