3G Capital Partners LP Acquires New Shares in Affirm Holdings, Inc. (NASDAQ:AFRM)

3G Capital Partners LP purchased a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 40,000 shares of the company's stock, valued at approximately $2,436,000. Affirm comprises 0.7% of 3G Capital Partners LP's portfolio, making the stock its 16th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tidal Investments LLC boosted its holdings in Affirm by 208.6% during the 3rd quarter. Tidal Investments LLC now owns 21,775 shares of the company's stock valued at $889,000 after acquiring an additional 14,720 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of Affirm in the third quarter valued at approximately $2,644,000. Versant Capital Management Inc grew its holdings in shares of Affirm by 20.8% in the fourth quarter. Versant Capital Management Inc now owns 3,405 shares of the company's stock valued at $207,000 after purchasing an additional 586 shares in the last quarter. GAMMA Investing LLC increased its stake in Affirm by 21.5% during the 4th quarter. GAMMA Investing LLC now owns 4,177 shares of the company's stock worth $254,000 after buying an additional 738 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in Affirm during the 4th quarter worth approximately $440,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Stock Performance

AFRM stock traded down $0.25 during trading on Monday, hitting $52.09. The company had a trading volume of 4,808,102 shares, compared to its average volume of 8,384,111. The firm has a 50-day moving average price of $47.50 and a 200-day moving average price of $56.53. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. The firm has a market cap of $16.57 billion, a PE ratio of -80.14 and a beta of 3.66. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $82.53.

Affirm (NASDAQ:AFRM - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Transactions at Affirm

In other news, Director Keith Rabois sold 16,089 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $51.00, for a total transaction of $820,539.00. Following the completion of the transaction, the director now directly owns 29,343 shares of the company's stock, valued at approximately $1,496,493. This represents a 35.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Christa S. Quarles sold 5,000 shares of Affirm stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the completion of the sale, the director now owns 137,325 shares in the company, valued at approximately $10,986,000. This trade represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,765 shares of company stock worth $3,094,694. Company insiders own 12.41% of the company's stock.

Analyst Upgrades and Downgrades

AFRM has been the subject of several research reports. Royal Bank of Canada boosted their price target on shares of Affirm from $67.00 to $81.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. William Blair started coverage on Affirm in a report on Wednesday, January 15th. They set an "outperform" rating on the stock. Evercore ISI began coverage on Affirm in a research note on Wednesday, April 9th. They issued an "outperform" rating and a $50.00 price objective for the company. UBS Group upped their target price on shares of Affirm from $46.00 to $62.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Finally, The Goldman Sachs Group decreased their price target on shares of Affirm from $90.00 to $56.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $66.74.

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.