Ballentine Partners LLC Has $3.45 Million Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Ballentine Partners LLC grew its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 1,768.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,268 shares of the company's stock after buying an additional 72,186 shares during the quarter. Ballentine Partners LLC's holdings in Affirm were worth $3,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP raised its position in shares of Affirm by 63.7% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company's stock worth $27,000 after buying an additional 219 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Affirm in the 4th quarter worth approximately $28,000. Coppell Advisory Solutions LLC bought a new stake in shares of Affirm in the 4th quarter worth approximately $40,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Affirm in the 4th quarter worth approximately $43,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Affirm by 640.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company's stock worth $45,000 after purchasing an additional 640 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Robert O'hare sold 19,802 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $70.03, for a total value of $1,386,734.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Katherine Adkins sold 57,102 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $70.27, for a total transaction of $4,012,557.54. Following the completion of the transaction, the insider owned 112,467 shares in the company, valued at $7,903,056.09. The trade was a 33.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,247 shares of company stock valued at $6,422,823. 11.82% of the stock is owned by company insiders.

Affirm Stock Down 5.6%

AFRM stock traded down $3.82 during trading hours on Friday, hitting $64.72. The company's stock had a trading volume of 8,028,433 shares, compared to its average volume of 8,365,103. The company has a quick ratio of 11.47, a current ratio of 11.47 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $20.88 billion, a PE ratio of -308.19, a price-to-earnings-growth ratio of 2.49 and a beta of 3.63. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The stock has a 50 day moving average price of $58.56 and a two-hundred day moving average price of $56.54.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.10. The company had revenue of $783.14 million during the quarter, compared to the consensus estimate of $782.98 million. Affirm had a negative net margin of 2.07% and a negative return on equity of 2.22%. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.43) earnings per share. On average, equities research analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AFRM shares. TD Cowen started coverage on shares of Affirm in a report on Tuesday, April 8th. They issued a "buy" rating and a $50.00 target price on the stock. Barclays boosted their target price on shares of Affirm from $67.00 to $80.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. Wells Fargo & Company dropped their target price on shares of Affirm from $85.00 to $67.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group boosted their target price on shares of Affirm from $45.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Finally, Susquehanna upgraded shares of Affirm from a "neutral" rating to a "positive" rating and set a $65.00 target price on the stock in a report on Friday, May 9th. Nine equities research analysts have rated the stock with a hold rating, seventeen 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 has a consensus rating of "Moderate Buy" and a consensus price target of $65.90.

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.