Rhumbline Advisers Has $7.13 Million Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Rhumbline Advisers raised its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,895 shares of the company’s stock after purchasing an additional 6,185 shares during the quarter. Rhumbline Advisers owned 0.08% of Affirm worth $7,126,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AFRM. Norges Bank bought a new stake in Affirm during the 4th quarter valued at $67,310,000. Vanguard Group Inc. grew its stake in shares of Affirm by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock worth $775,895,000 after acquiring an additional 1,316,901 shares in the last quarter. Leo Wealth LLC bought a new position in Affirm during the fourth quarter valued at about $57,647,000. Baillie Gifford & Co. grew its position in Affirm by 4.2% during the first quarter. Baillie Gifford & Co. now owns 18,732,407 shares of the company’s stock valued at $697,969,000 after buying an additional 749,368 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new position in Affirm during the first quarter valued at about $20,150,000. Institutional investors own 69.29% of the company’s stock.

Affirm Stock Up 5.4 %

Shares of AFRM stock opened at $44.01 on Friday. The stock has a market cap of $13.69 billion, a P/E ratio of -19.74 and a beta of 3.51. Affirm Holdings, Inc. has a twelve month low of $15.97 and a twelve month high of $52.48. The stock has a 50 day moving average of $31.45 and a 200 day moving average of $32.52. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41.

Insider Activity

In other news, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total value of $576,288.00. Following the completion of the sale, the director now directly owns 141,903 shares in the company, valued at $5,678,958.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total value of $576,288.00. Following the completion of the sale, the director now directly owns 141,903 shares in the company, valued at $5,678,958.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith Rabois sold 9,275 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.90, for a total value of $249,497.50. Following the completion of the sale, the director now owns 64,348 shares of the company’s stock, valued at $1,730,961.20. The disclosure for this sale can be found here. Insiders sold 32,951 shares of company stock worth $1,103,045 over the last three months. 13.05% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on AFRM. The Goldman Sachs Group reaffirmed a “buy” rating and set a $42.00 price objective on shares of Affirm in a report on Monday, June 24th. BTIG Research began coverage on shares of Affirm in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Barclays raised their target price on shares of Affirm from $41.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Mizuho reiterated an “outperform” rating and set a $65.00 price target on shares of Affirm in a research report on Tuesday, August 27th. Finally, JMP Securities assumed coverage on shares of Affirm in a research report on Friday, June 28th. They set a “market perform” rating on the stock. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $34.32.

Affirm 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.