Billionaire Louis Bacon’s 5 Tech Stock Picks

3. Affirm Holdings, Inc. (NASDAQ:AFRM)

Moore Global Investments’ Stake Value: $108,927,000

Percent of Moore Global Investments 13F portfolio: 1.54%

Number of Hedge Fund Holders: 25

Affirm Holdings, Inc. (NASDAQ:AFRM) is a financial technology company that provides information technology solutions to its consumers through its next generation platform for digital and mobile-first commerce. The company stands third on our list of the billionaire Louis Bacon’s 10 tech stock picks.

As of Q2 2021, Louis Bacon’s Moore Global Investments owns over 1.6 million shares in Affirm Holdings, Inc. (NASDAQ:AFRM), worth $108.9 million. The hedge fund increased its stake in the company by 10,683% in the second quarter, which now accounts for 1.54% of the fund’s 13F portfolio. Recently, Affirm Holdings, Inc. (NASDAQ:AFRM) announced the development of a feature that will allow customers to buy and sell cryptocurrencies directly from their savings account.

Recently, Morgan Stanley lifted its price target on Affirm Holdings, Inc. (NASDAQ:AFRM) to $140, while keeping an ‘Over Weight’ rating on the shares.

Of the 873 hedge funds tracked by Insider Monkey, 25 hedge funds have positions in Affirm Holdings, Inc. (NASDAQ:AFRM), compared with 32 in the previous quarter. These stakes are valued at $823.6 million.