Mitsubishi UFJ Asset Management Co. Ltd. Buys 310 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,233 shares of the company’s stock after acquiring an additional 310 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Affirm were worth $8,860,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AFRM. Hanseatic Management Services Inc. lifted its holdings in shares of Affirm by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 1,797 shares of the company’s stock valued at $109,000 after purchasing an additional 194 shares in the last quarter. Venturi Wealth Management LLC raised its position in Affirm by 29.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,422 shares of the company’s stock valued at $87,000 after buying an additional 325 shares during the last quarter. Prestige Wealth Management Group LLC lifted its stake in Affirm by 78.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company’s stock valued at $46,000 after acquiring an additional 332 shares in the last quarter. Waldron Private Wealth LLC boosted its position in Affirm by 7.0% during the 4th quarter. Waldron Private Wealth LLC now owns 5,479 shares of the company’s stock worth $334,000 after acquiring an additional 357 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after acquiring an additional 410 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Affirm news, CFO Robert O’hare sold 6,541 shares of Affirm stock in a transaction on 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 transaction, the chief financial officer now directly owns 2,963 shares of the company’s stock, valued at $184,535.64. The trade was a 68.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Rabois sold 16,086 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.32, for a total value of $1,002,479.52. Following the sale, the director now directly owns 93,694 shares in the company, valued at approximately $5,839,010.08. This trade represents a 14.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 62,301 shares of company stock worth $3,920,543 in the last 90 days. Company insiders own 12.41% of the company’s stock.

Affirm Stock Down 2.2 %

Shares of AFRM opened at $45.19 on Tuesday. The firm has a market cap of $14.37 billion, a P/E ratio of -69.52 and a beta of 3.63. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The firm’s 50-day simple moving average is $59.64 and its 200 day simple moving average is $56.53.

Affirm (NASDAQ:AFRM) last posted its earnings results 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 return on equity of 7.25% and a negative net margin of 7.10%. On average, analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Affirm in a report on Friday, February 7th. Seaport Res Ptn upgraded Affirm to a “hold” rating in a report on Monday, March 24th. Compass Point upgraded Affirm from a “neutral” rating to a “buy” rating and upped their target price for the stock from $61.00 to $64.00 in a report on Wednesday, March 19th. BMO Capital Markets restated an “outperform” rating and issued a $69.00 price target on shares of Affirm in a research note on Thursday, March 20th. Finally, The Goldman Sachs Group dropped their price objective on Affirm from $90.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.76.

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.