Affirm Holdings, Inc. (NASDAQ:AFRM) is Leo Wealth LLC's 2nd Largest Position

Leo Wealth LLC cut its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 7.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 952,305 shares of the company's stock after selling 73,208 shares during the period. Affirm comprises about 6.2% of Leo Wealth LLC's investment portfolio, making the stock its 2nd biggest position. Leo Wealth LLC owned approximately 0.30% of Affirm worth $43,035,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of AFRM. Steward Partners Investment Advisory LLC lifted its position in shares of Affirm by 59.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,878 shares of the company's stock valued at $114,000 after acquiring an additional 700 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Affirm by 106.3% in the fourth quarter. Victory Capital Management Inc. now owns 65,819 shares of the company's stock valued at $4,008,000 after acquiring an additional 33,907 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Affirm in the fourth quarter valued at about $8,831,000. Raymond James Financial Inc. purchased a new position in shares of Affirm in the fourth quarter valued at about $14,591,000. Finally, Independent Advisor Alliance lifted its position in shares of Affirm by 9.6% in the fourth quarter. Independent Advisor Alliance now owns 18,024 shares of the company's stock valued at $1,098,000 after acquiring an additional 1,575 shares in the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Trading Up 3.3%

NASDAQ AFRM traded up $2.10 during trading hours on Tuesday, hitting $66.15. 5,437,628 shares of the company were exchanged, compared to its average volume of 8,350,829. The stock has a market cap of $21.34 billion, a PE ratio of -315.00, a price-to-earnings-growth ratio of 2.33 and a beta of 3.63. The stock has a 50-day moving average price of $59.10 and a 200 day moving average price of $56.46. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The company has a quick ratio of 11.47, a current ratio of 11.47 and a debt-to-equity ratio of 2.55.

Affirm (NASDAQ:AFRM - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.10. The firm had revenue of $783.14 million for the quarter, compared to analysts' expectations of $782.98 million. Affirm had a negative return on equity of 2.22% and a negative net margin of 2.07%. The company's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.43) earnings per share. Analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on AFRM. BMO Capital Markets restated an "outperform" rating and issued a $69.00 price objective on shares of Affirm in a research report on Thursday, March 20th. JMP Securities lowered their price objective on Affirm from $85.00 to $75.00 and set a "market outperform" rating on the stock in a research report on Friday, May 9th. Barclays boosted their price objective on Affirm from $67.00 to $80.00 and gave the company an "overweight" rating in a research report on Monday, June 30th. Morgan Stanley lowered their price objective on Affirm from $65.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Finally, UBS Group lowered their price objective on Affirm from $62.00 to $56.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Ten analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $65.90.

Insider Activity

In other news, Director Noel Bertram Watson sold 2,500 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $60.86, for a total transaction of $152,150.00. Following the transaction, the director owned 36,497 shares of the company's stock, valued at approximately $2,221,207.42. This represents a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Keith Rabois sold 16,089 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $51.00, for a total value of $820,539.00. Following the transaction, the director directly owned 29,343 shares in the company, valued at approximately $1,496,493. This represents a 35.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,247 shares of company stock valued at $6,422,823. 11.82% of the stock is currently 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.