Affirm Holdings, Inc. $AFRM Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,419,068 shares of the company’s stock after purchasing an additional 223,258 shares during the quarter. Vanguard Group Inc. owned approximately 7.50% of Affirm worth $1,784,545,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Assetmark Inc. grew its holdings in Affirm by 111.3% during the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after acquiring an additional 178 shares during the period. Huntington National Bank increased its stake in shares of Affirm by 634.0% during the 2nd quarter. Huntington National Bank now owns 389 shares of the company’s stock worth $27,000 after purchasing an additional 336 shares during the last quarter. Mather Group LLC. bought a new stake in Affirm during the third quarter worth approximately $29,000. SouthState Corp grew its stake in Affirm by 190.5% in the 2nd quarter. SouthState Corp now owns 427 shares of the company’s stock valued at $30,000 after buying an additional 280 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in Affirm during the 3rd quarter valued at approximately $43,000. Institutional investors own 69.29% of the company’s stock.

Affirm Stock Performance

NASDAQ:AFRM opened at $50.90 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41. Affirm Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week high of $100.00. The company has a 50 day simple moving average of $68.73 and a two-hundred day simple moving average of $73.31. The company has a market capitalization of $16.95 billion, a PE ratio of 62.84, a P/E/G ratio of 1.93 and a beta of 3.56.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the company posted $0.23 earnings per share. Affirm’s revenue for the quarter was up 29.6% compared to the same quarter last year. Research analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. TD Cowen restated a “buy” rating on shares of Affirm in a research report on Friday, February 6th. BTIG Research restated a “neutral” rating on shares of Affirm in a research report on Wednesday, December 17th. Evercore reissued an “outperform” rating on shares of Affirm in a research report on Tuesday, December 16th. Citigroup raised shares of Affirm to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Compass Point reissued a “buy” rating and issued a $68.00 price objective on shares of Affirm in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Affirm presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.56.

Insider Activity at Affirm

In related news, CFO Robert O’hare sold 36,401 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the completion of the sale, the chief financial officer owned 1,368 shares of the company’s stock, valued at $109,440. This trade represents a 96.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Max R. Levchin sold 666,666 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $80.62, for a total value of $53,746,612.92. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 711,256 shares of company stock valued at $57,231,923. 11.01% of the stock is owned by corporate insiders.

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.