Chicago Partners Investment Group LLC Cuts Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Chicago Partners Investment Group LLC cut its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 32.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,729 shares of the company’s stock after selling 9,339 shares during the period. Chicago Partners Investment Group LLC’s holdings in Affirm were worth $1,158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. raised its holdings in Affirm by 33.2% in the 2nd quarter. Sei Investments Co. now owns 54,993 shares of the company’s stock worth $1,661,000 after acquiring an additional 13,698 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Affirm by 2.5% during the second quarter. AQR Capital Management LLC now owns 29,135 shares of the company’s stock valued at $880,000 after purchasing an additional 722 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Affirm by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 51,588 shares of the company’s stock valued at $1,558,000 after buying an additional 3,105 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Affirm by 24.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 62,200 shares of the company’s stock worth $2,539,000 after buying an additional 12,200 shares in the last quarter. Finally, Myecfo LLC raised its position in Affirm by 5.0% in the 3rd quarter. Myecfo LLC now owns 12,260 shares of the company’s stock worth $500,000 after buying an additional 589 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Affirm Trading Down 1.7 %

Shares of AFRM stock opened at $61.07 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. The stock has a fifty day simple moving average of $63.55 and a two-hundred day simple moving average of $48.26. The firm has a market capitalization of $19.18 billion, a PE ratio of -43.01 and a beta of 3.67. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $73.34.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $661.39 million. During the same quarter last year, the company earned ($0.57) EPS. On average, analysts predict that Affirm Holdings, Inc. will post -0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AFRM has been the topic of a number of recent analyst reports. Mizuho raised their price target on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Compass Point raised shares of Affirm from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $20.00 to $61.00 in a research report on Tuesday, January 28th. Barclays increased their price target on Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Finally, Jefferies Financial Group raised Affirm from a “hold” rating to a “buy” rating and increased their target price for the company from $70.00 to $82.00 in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.88.

Insider Transactions at Affirm

In other Affirm news, President Libor Michalek sold 6,629 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $72.08, for a total value of $477,818.32. Following the sale, the president now owns 160,601 shares in the company, valued at $11,576,120.08. The trade was a 3.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katherine Adkins sold 200,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $55.05, for a total value of $11,010,000.00. Following the transaction, the insider now owns 93,545 shares of the company’s stock, valued at approximately $5,149,652.25. The trade was a 68.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,323,478 shares of company stock valued at $86,285,371. 12.41% of the stock is currently owned by corporate insiders.

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.