Daiwa Securities Group Inc. purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM – Free Report) in the second quarter, Holdings Channel.com reports. The firm purchased 7,725 shares of the company’s stock, valued at approximately $233,000.
A number of other hedge funds have also recently bought and sold shares of AFRM. Private Advisor Group LLC purchased a new position in shares of Affirm during the 4th quarter valued at approximately $412,000. Principal Securities Inc. bought a new stake in shares of Affirm in the 4th quarter worth about $49,000. Teacher Retirement System of Texas raised its stake in shares of Affirm by 56.3% in the 4th quarter. Teacher Retirement System of Texas now owns 24,014 shares of the company’s stock valued at $1,180,000 after purchasing an additional 8,647 shares in the last quarter. Independent Advisor Alliance bought a new position in shares of Affirm during the fourth quarter worth about $760,000. Finally, Norges Bank acquired a new position in Affirm in the fourth quarter worth about $67,310,000. Institutional investors and hedge funds own 69.29% of the company’s stock.
Affirm Stock Performance
Shares of AFRM opened at $44.00 on Wednesday. Affirm Holdings, Inc. has a 52-week low of $15.97 and a 52-week high of $52.48. The firm has a market capitalization of $13.60 billion, a PE ratio of -19.73 and a beta of 3.51. The firm has a 50-day moving average price of $32.08 and a 200 day moving average price of $32.53. The company has a quick ratio of 13.07, a current ratio of 13.07 and a debt-to-equity ratio of 2.41.
Analysts Set New Price Targets
Check Out Our Latest Report on Affirm
Insider Activity at Affirm
In other Affirm news, Director Keith Rabois sold 9,275 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.90, for a total transaction of $249,497.50. Following the completion of the transaction, the director now directly owns 64,348 shares of the company’s stock, valued at approximately $1,730,961.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Keith Rabois sold 9,275 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was 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 in the company, valued at $1,730,961.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $40.02, for a total value of $576,288.00. Following the transaction, the director now directly owns 141,903 shares in the company, valued at $5,678,958.06. The disclosure for this sale can be found here. Insiders have sold 32,951 shares of company stock worth $1,103,045 over the last quarter. 13.05% of the stock is currently 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.
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