Schonfeld Strategic Advisors 13F: Cuts AFRM Stake by $5.4M

Schonfeld Strategic Advisors Cuts Position in Affirm Holdings

Schonfeld Strategic Advisors trimmed its investment in Affirm Holdings, Inc. (NasdaqGS: AFRM) during the period covered by its latest Form 13F filing with the SEC. The fund owned 383,433 shares before the move and sold 65,710 shares, bringing its ending stake down 17.1% to 317,723 shares. Based on the filing values, the remaining position was worth about $26.0 million. Institutional 13F filings are backward-looking and reflect holdings as of the reporting date, meaning they may not represent the firm's current share count today.

Affirm Holdings Stock Trades Above Moving Averages

The shares changed hands around $81.74, staying comfortably above both its 50-day moving average of $73.81 and its 200-day moving average of $66.81. The company has a P/E ratio of 13.73 and a forward P/E of 15.14, reflecting profitable operations over the trailing period. Over the past year, the stock has moved between a low of $42.10 and a high of $90.44.

Insider Buying and Selling at Affirm Holdings, Inc.

Chief Operating Officer Michael Linford made headlines with transactions on June 26, 2026. He acquired 100,000 shares at a price of $5.39 per share, totaling $539,000. On the same date, he also disposed of 100,000 shares in a transaction listed with a zero-dollar price tag, reflecting standard internal administrative or option exercise mechanics rather than an open market sale.

Wall Street Analysts Update Affirm Holdings Targets

Analyst firms have kept a close eye on the point-of-sale lender through the autumn. On October 13, 2026, Goldman Sachs maintained its Buy rating while lowering its price target to $103.00 from $115.00. TD Cowen also maintained a Buy rating on October 6, 2026, adjusting its target to $110.00 from $124.00. Freedom Capital Markets kept its Buy rating and $105.00 target steady on October 1, 2026. Citizens reiterated a Market Outperform rating with an $85.00 target on September 16, 2026. Wolfe Research upgraded the stock to Outperform with a $90.00 target on September 14, 2026. Loop Capital initiated coverage with a Buy rating and $105.00 target on September 9, 2026. Truist Securities maintained a Buy rating and raised its target to $85.00 from $83.00 on September 3, 2026. Scotiabank initiated coverage with a Sector Outperform rating and a $95.00 target on September 2, 2026. Overall, the stock carries a consensus buy recommendation from 32 analysts, with a mean price target of $98.59.

Inside the Affirm Holdings Business Model

Headquartered in San Francisco, California, Affirm operates a digital and mobile-first payment network providing pay-over-time solutions at checkout for consumers and merchants in the United States, international markets, and online retail channels. The company works with a wide range of retail partners across categories like electronics, fashion, home goods, and travel. Its platform helps connect shoppers with flexible payment terms through partnerships with originating banks.

What to Watch Next for Affirm Holdings

Investors will look ahead to the company's next earnings report, scheduled for November 5, 2026, for fresh details on transaction volumes and profitability. Additional institutional filings will clarify whether other large investors follow Schonfeld's lead in trimming exposure or continue building positions.