Elyxium Wealth LLC Buys 7,655 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Elyxium Wealth LLC increased its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 98,136 shares of the company's stock after buying an additional 7,655 shares during the quarter. Affirm comprises approximately 2.0% of Elyxium Wealth LLC's portfolio, making the stock its 12th largest position. Elyxium Wealth LLC's holdings in Affirm were worth $4,435,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Affirm by 2,800.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,084 shares of the company's stock valued at $2,083,000 after purchasing an additional 44,495 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Affirm by 2.6% during the 4th quarter. Ameriprise Financial Inc. now owns 145,932 shares of the company's stock valued at $8,887,000 after purchasing an additional 3,672 shares in the last quarter. Spire Wealth Management acquired a new position in Affirm during the 1st quarter worth $120,000. Deutsche Bank AG lifted its position in shares of Affirm by 2.6% in the 4th quarter. Deutsche Bank AG now owns 32,400 shares of the company's stock worth $1,973,000 after buying an additional 817 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Affirm by 5.3% during the 4th quarter. Sei Investments Co. now owns 40,840 shares of the company's stock valued at $2,487,000 after purchasing an additional 2,067 shares during the period. Institutional investors and hedge funds own 69.29% of the company's stock.

Insider Buying and Selling

In other Affirm news, Director Keith Rabois sold 16,089 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $51.00, for a total transaction of $820,539.00. Following the sale, the director directly owned 29,343 shares in the company, valued at $1,496,493. This represents a 35.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Katherine Adkins sold 57,102 shares of Affirm stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $70.27, for a total transaction of $4,012,557.54. Following the sale, the insider owned 112,467 shares in the company, valued at approximately $7,903,056.09. This represents 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 currently owned by insiders.

Affirm Stock Down 3.1%

Shares of Affirm stock traded down $2.15 during midday trading on Monday, reaching $66.75. 4,634,085 shares of the company's stock traded hands, compared to its average volume of 8,323,598. The company has a market cap of $21.53 billion, a price-to-earnings ratio of -317.86, a price-to-earnings-growth ratio of 2.63 and a beta of 3.63. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.47 and a current ratio of 11.47. The company's 50 day simple moving average is $60.17 and its 200 day simple moving average is $56.57.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.10. The business 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%. Affirm'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. Equities analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Affirm from $45.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Morgan Stanley cut their target price on shares of Affirm from $65.00 to $60.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Royal Bank Of Canada upped their target price on shares of Affirm from $70.00 to $75.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 8th. Citigroup restated an "overweight" rating on shares of Affirm in a research report on Monday, June 30th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Affirm from $74.00 to $69.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Nine analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $67.32.

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.