Affirm Holdings, Inc. $AFRM Shares Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in Affirm Holdings, Inc. by 106.1% during the first quarter, owning 327,605 shares worth $14,804,000 as of its recent SEC filing.
• Affirm's stock has recently risen by 6.7%, with its current market cap standing at $25.64 billion and a reported P/E ratio of -378.52.
• Multiple analysts have downgraded Affirm's stock rating, with Wall Street Zen moving it from a "buy" to a "hold," while Bank of America set a new price target of $80.00 with a "buy" rating.

Jump Financial LLC boosted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 106.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 327,605 shares of the company's stock after acquiring an additional 168,632 shares during the quarter. Jump Financial LLC owned 0.10% of Affirm worth $14,804,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AFRM. First Trust Advisors LP boosted its stake in Affirm by 190.0% during the 4th quarter. First Trust Advisors LP now owns 193,071 shares of the company's stock worth $11,758,000 after purchasing an additional 126,499 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Affirm by 12.3% during the 4th quarter. MetLife Investment Management LLC now owns 4,554 shares of the company's stock worth $277,000 after purchasing an additional 499 shares during the last quarter. MML Investors Services LLC boosted its stake in Affirm by 428.5% during the 4th quarter. MML Investors Services LLC now owns 37,089 shares of the company's stock worth $2,259,000 after purchasing an additional 30,071 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Affirm by 8.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,668 shares of the company's stock worth $467,000 after purchasing an additional 612 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Affirm by 7.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,887,058 shares of the company's stock worth $114,923,000 after purchasing an additional 126,320 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.

Affirm Stock Up 6.7%

Shares of AFRM opened at $79.49 on Friday. The firm has a market cap of $25.64 billion, a P/E ratio of -378.52, a price-to-earnings-growth ratio of 2.95 and a beta of 3.63. Affirm Holdings, Inc. has a 12-month low of $30.02 and a 12-month high of $82.53. The company's 50-day moving average price is $69.28 and its 200 day moving average price is $58.94. The company has a current ratio of 11.47, a quick ratio of 11.47 and a debt-to-equity ratio of 2.55.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Affirm from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. BTIG Research cut shares of Affirm from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. Citigroup reissued an "overweight" rating on shares of Affirm in a research report on Monday, June 30th. UBS Group lowered their price target on shares of Affirm from $62.00 to $56.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Finally, Bank of America boosted their price target on shares of Affirm from $76.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $68.74.

Insider Transactions at Affirm

In other Affirm news, CEO Max R. Levchin sold 167,443 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $80.10, for a total transaction of $13,412,184.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robert O'hare sold 77,800 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $80.09, for a total transaction of $6,231,002.00. The disclosure for this sale can be found here. Insiders sold 629,715 shares of company stock worth $49,194,321 in the last 90 days. Insiders own 11.82% 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.

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