J.Safra Asset Management Corp Makes New $559,000 Investment in Affirm Holdings, Inc. $AFRM

J.Safra Asset Management Corp bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,646 shares of the company’s stock, valued at approximately $559,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Huntington National Bank grew its stake in Affirm by 634.0% during the 2nd quarter. Huntington National Bank now owns 389 shares of the company’s stock valued at $27,000 after acquiring an additional 336 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Affirm during the 3rd quarter worth approximately $29,000. SouthState Corp grew its position in shares of Affirm by 190.5% in the second quarter. SouthState Corp now owns 427 shares of the company’s stock valued at $30,000 after purchasing an additional 280 shares in the last quarter. Blume Capital Management Inc. increased its holdings in shares of Affirm by 468.8% in the second quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock valued at $31,000 after purchasing an additional 375 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Affirm by 86.6% during the second quarter. UMB Bank n.a. now owns 569 shares of the company’s stock worth $39,000 after buying an additional 264 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Price Performance

Affirm stock opened at $74.76 on Monday. The company’s 50 day simple moving average is $72.62 and its 200-day simple moving average is $74.45. The company has a debt-to-equity ratio of 2.40, a quick ratio of 12.80 and a current ratio of 12.80. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The company has a market capitalization of $24.68 billion, a price-to-earnings ratio of 111.58, a price-to-earnings-growth ratio of 3.38 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.12. Affirm had a net margin of 6.74% and a return on equity of 7.75%. The firm had revenue of $933.34 million during the quarter, compared to the consensus estimate of $881.83 million. During the same quarter last year, the firm earned ($0.31) EPS. The firm’s revenue for the quarter was up 33.6% on a year-over-year basis. As a group, equities research analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Buying and Selling at Affirm

In other Affirm news, CFO Robert O’hare sold 36,401 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the sale, the chief financial officer directly owned 1,368 shares in the company, valued at $109,440. This represents a 96.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Max R. Levchin sold 666,666 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $80.62, for a total transaction of $53,746,612.92. The SEC filing for this sale provides additional information. Insiders sold a total of 711,256 shares of company stock worth $57,231,923 in the last quarter. Company insiders own 11.01% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. TD Cowen dropped their target price on Affirm from $115.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Redburn Partners set a $101.00 price target on shares of Affirm in a research report on Monday, October 6th. Wolfe Research began coverage on shares of Affirm in a report on Tuesday, December 9th. They issued a “peer perform” rating for the company. Citigroup raised shares of Affirm to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.17.

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.