XTX Topco Ltd Makes New $1.30 Million Investment in Affirm Holdings, Inc. (NASDAQ:AFRM)

XTX Topco Ltd purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 43,062 shares of the company’s stock, valued at approximately $1,301,000.

Several other hedge funds have also recently modified their holdings of AFRM. Avantax Advisory Services Inc. bought a new position in Affirm in the first quarter worth approximately $258,000. Principal Financial Group Inc. raised its position in shares of Affirm by 34.3% in the 1st quarter. Principal Financial Group Inc. now owns 19,065 shares of the company’s stock worth $710,000 after acquiring an additional 4,868 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Affirm by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock worth $775,895,000 after purchasing an additional 1,316,901 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Affirm during the first quarter valued at about $265,000. Finally, Teachers Retirement System of The State of Kentucky grew its stake in Affirm by 19.7% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 185,058 shares of the company’s stock valued at $6,895,000 after purchasing an additional 30,500 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Affirm from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Mizuho restated an “outperform” rating and issued a $65.00 target price on shares of Affirm in a research note on Tuesday, August 27th. Barclays lifted their price target on shares of Affirm from $41.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. The Goldman Sachs Group reiterated a “buy” rating and set a $42.00 price objective on shares of Affirm in a report on Monday, June 24th. Finally, Susquehanna initiated coverage on Affirm in a research note on Friday. They set a “positive” rating and a $52.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Affirm currently has a consensus rating of “Hold” and a consensus target price of $35.31.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $44.93 on Friday. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41. Affirm Holdings, Inc. has a twelve month low of $15.97 and a twelve month high of $52.48. The company’s 50 day moving average is $32.71 and its 200 day moving average is $32.69. The company has a market cap of $13.89 billion, a PE ratio of -20.15 and a beta of 3.51.

Insider Activity

In related news, insider Katherine Adkins sold 82,316 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the completion of the transaction, the insider now directly owns 91,499 shares in the company, valued at $4,117,455. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Katherine Adkins sold 82,316 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the sale, the insider now directly owns 91,499 shares of the company’s stock, valued at $4,117,455. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $29.89, for a total value of $277,259.64. Following the completion of the transaction, the director now directly owns 73,623 shares of the company’s stock, valued at $2,200,591.47. The disclosure for this sale can be found here. Insiders have sold 121,351 shares of company stock valued at $5,081,045 in the last ninety days. Insiders own 13.05% of the company’s stock.

About Affirm

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.