Voya Investment Management LLC Trims Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Voya Investment Management LLC cut its stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 100.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,736 shares of the company's stock after selling 263,317,717 shares during the period. Voya Investment Management LLC's holdings in Affirm were worth $1,933,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new position in shares of Affirm in the fourth quarter valued at about $667,000. Coppell Advisory Solutions LLC bought a new stake in shares of Affirm in the 4th quarter valued at about $40,000. Price T Rowe Associates Inc. MD boosted its position in shares of Affirm by 7.2% during the fourth 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 in the last quarter. Soros Capital Management LLC grew its stake in Affirm by 96.7% in the fourth quarter. Soros Capital Management LLC now owns 220,300 shares of the company's stock valued at $13,416,000 after acquiring an additional 108,300 shares during the period. Finally, TD Waterhouse Canada Inc. raised its holdings in Affirm by 41.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 14,178 shares of the company's stock worth $863,000 after buying an additional 4,129 shares during the period. Institutional investors own 69.29% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AFRM. JMP Securities lifted their price objective on shares of Affirm from $78.00 to $85.00 and gave the company a "market outperform" rating in a report on Friday, February 7th. UBS Group upped their target price on Affirm from $46.00 to $62.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Evercore ISI began coverage on Affirm in a report on Wednesday, April 9th. They set an "outperform" rating and a $50.00 target price on the stock. Morgan Stanley reduced their price objective on Affirm from $65.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada increased their price target on Affirm from $67.00 to $81.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.00.

Affirm Stock Down 2.1 %

AFRM stock traded down $1.09 during trading on Tuesday, reaching $51.00. The stock had a trading volume of 5,210,525 shares, compared to its average volume of 8,384,384. The company's 50 day moving average is $47.03 and its two-hundred day moving average is $56.55. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $82.53. The company has a market capitalization of $16.22 billion, a price-to-earnings ratio of -78.46 and a beta of 3.66.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Equities research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Transactions at Affirm

In other news, Director Noel Bertram Watson sold 2,500 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 38,997 shares of the company's stock, valued at $1,785,282.66. The trade was a 6.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Keith Rabois sold 16,088 shares of the firm's stock in a transaction on 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 transaction, the director now owns 61,520 shares of the company's stock, valued at $3,935,434.40. The trade was a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 55,765 shares of company stock worth $3,094,694. 12.41% of the stock is currently owned by corporate insiders.

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.