Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 11.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,947 shares of the company’s stock after selling 2,118 shares during the quarter. Principal Financial Group Inc.’s holdings in Affirm were worth $512,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Global Wealth Strategies & Associates grew its position in Affirm by 94.0% during the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after purchasing an additional 470 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after buying an additional 540 shares in the last quarter. ORG Partners LLC raised its position in Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after buying an additional 551 shares during the period. Raleigh Capital Management Inc. purchased a new stake in Affirm in the 4th quarter worth about $33,000. Finally, Myecfo LLC boosted its position in Affirm by 6.1% during the 2nd quarter. Myecfo LLC now owns 11,671 shares of the company’s stock worth $353,000 after acquiring an additional 676 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a report on Friday, September 6th. Royal Bank of Canada increased their target price on shares of Affirm from $43.00 to $46.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. boosted their price target on shares of Affirm from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Bank of America increased their price objective on Affirm from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, JMP Securities initiated coverage on Affirm in a research report on Friday, June 28th. They set a “market perform” rating for the company. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $34.32.

Insider Activity at Affirm

In related news, Director Christa S. Quarles sold 14,400 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the transaction, the director now directly owns 141,903 shares in the company, valued at approximately $5,678,958.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Affirm news, Director Keith Rabois sold 9,275 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $26.90, for a total value of $249,497.50. Following the completion of the sale, the director now owns 64,348 shares in the company, valued at approximately $1,730,961.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the sale, the director now owns 141,903 shares in the company, valued at $5,678,958.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,951 shares of company stock worth $1,103,045. 13.05% of the stock is owned by insiders.

Affirm Stock Performance

NASDAQ:AFRM opened at $44.01 on Friday. Affirm Holdings, Inc. has a 1 year low of $15.97 and a 1 year high of $52.48. The firm’s fifty day simple moving average is $31.45 and its 200 day simple moving average is $32.52. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $13.69 billion, a PE ratio of -19.74 and a beta of 3.51.

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.