87,837 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Acquired by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 87,837 shares of the company's stock, valued at approximately $5,349,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital Research Global Investors raised its holdings in shares of Affirm by 2.0% during the 4th quarter. Capital Research Global Investors now owns 24,264,396 shares of the company's stock valued at $1,477,747,000 after purchasing an additional 470,409 shares in the last quarter. Vanguard Group Inc. raised its holdings in Affirm by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company's stock valued at $1,328,568,000 after buying an additional 716,574 shares in the last quarter. Capital World Investors boosted its position in Affirm by 0.4% during the fourth quarter. Capital World Investors now owns 18,339,165 shares of the company's stock worth $1,116,861,000 after purchasing an additional 72,582 shares during the period. Durable Capital Partners LP raised its position in shares of Affirm by 97.3% in the fourth quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company's stock valued at $356,769,000 after purchasing an additional 2,888,827 shares during the period. Finally, Jericho Capital Asset Management L.P. raised its position in shares of Affirm by 11.6% in the fourth quarter. Jericho Capital Asset Management L.P. now owns 5,198,039 shares of the company's stock valued at $316,561,000 after purchasing an additional 538,892 shares during the period. Institutional investors and hedge funds own 69.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada upped their price target on shares of Affirm from $67.00 to $81.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. The Goldman Sachs Group raised their target price on Affirm from $45.00 to $58.00 and gave the company a "buy" rating in a report on Monday, May 12th. Seaport Res Ptn raised Affirm to a "hold" rating in a research report on Monday, March 24th. Needham & Company LLC reissued a "hold" rating on shares of Affirm in a research report on Friday, February 7th. Finally, Evercore ISI started coverage on shares of Affirm in a research note on Wednesday, April 9th. They issued an "outperform" rating and a $50.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $65.05.

Insiders Place Their Bets

In other Affirm news, Director Keith Rabois sold 16,088 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $63.97, for a total value of $1,029,149.36. Following the completion of the transaction, the director now directly owns 61,520 shares of the company's stock, valued at approximately $3,935,434.40. The trade was a 20.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $45.78, for a total value of $114,450.00. Following the transaction, the director now directly owns 38,997 shares in the company, valued at approximately $1,785,282.66. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,765 shares of company stock valued at $2,694,694. 11.82% of the stock is currently owned by corporate insiders.

Affirm Price Performance

NASDAQ:AFRM traded down $0.52 during trading hours on Friday, reaching $51.53. The company had a trading volume of 1,890,634 shares, compared to its average volume of 8,504,381. 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 stock has a 50-day moving average of $46.95 and a two-hundred day moving average of $57.19. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $82.53. The firm has a market capitalization of $16.62 billion, a PE ratio of -79.23 and a beta of 3.66.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.10. The business had revenue of $783.14 million for the quarter, compared to analyst estimates of $782.98 million. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. The firm's quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.43) EPS. Analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

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.