Keystone Investors PTE Ltd. Sells 125,853 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Keystone Investors PTE Ltd. lessened its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 97.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,579 shares of the company’s stock after selling 125,853 shares during the period. Keystone Investors PTE Ltd.’s holdings in Affirm were worth $218,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new position in shares of Affirm in the third quarter worth $391,000. Nordea Investment Management AB purchased a new stake in shares of Affirm in the fourth quarter worth about $6,380,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Affirm by 44.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock worth $89,935,000 after acquiring an additional 672,883 shares during the last quarter. Atreides Management LP bought a new position in Affirm in the third quarter valued at $20,404,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Affirm during the third quarter valued at about $414,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AFRM. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and increased their price target for the company from $70.00 to $82.00 in a research report on Thursday, December 19th. UBS Group increased their target price on shares of Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Compass Point upgraded Affirm from a “neutral” rating to a “buy” rating and increased their target price for the company from $61.00 to $64.00 in a report on Wednesday, March 19th. The Goldman Sachs Group dropped their price objective on Affirm from $90.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.76.

Affirm Stock Up 5.3 %

AFRM stock opened at $52.54 on Tuesday. The business’s 50-day moving average price is $60.63 and its 200-day moving average price is $56.23. The stock has a market cap of $16.71 billion, a P/E ratio of -80.83 and a beta of 3.63. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $82.53. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. On average, equities research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Buying and Selling

In related news, Director Keith Rabois sold 16,086 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the completion of the transaction, the director now directly owns 93,694 shares in the company, valued at $5,839,010.08. The trade was a 14.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert O’hare sold 6,541 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total value of $407,373.48. Following the completion of the sale, the chief financial officer now owns 2,963 shares in the company, valued at $184,535.64. The trade was a 68.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,301 shares of company stock worth $3,920,543 in the last 90 days. 12.41% of the stock is owned by corporate 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.