Affirm Holdings, Inc. $AFRM Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 130.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 164,780 shares of the company’s stock after purchasing an additional 93,239 shares during the quarter. Hsbc Holdings PLC’s holdings in Affirm were worth $7,503,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greenline Wealth Management LLC purchased a new stake in Affirm during the fourth quarter worth approximately $26,000. Triumph Capital Management acquired a new position in shares of Affirm during the third quarter worth about $31,000. CoreCap Advisors LLC boosted its position in shares of Affirm by 431.3% in the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock worth $33,000 after buying an additional 358 shares during the period. Strive Financial Group LLC purchased a new stake in shares of Affirm in the fourth quarter worth about $33,000. Finally, Larson Financial Group LLC boosted its holdings in Affirm by 74.5% in the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock worth $36,000 after acquiring an additional 213 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. TD Cowen boosted their price objective on shares of Affirm from $90.00 to $117.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Compass Point set a $100.00 target price on Affirm in a research report on Friday, July 17th. Robert W. Baird boosted their price target on Affirm from $70.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Citigroup increased their price target on Affirm from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, The Goldman Sachs Group raised their price objective on Affirm from $90.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and an average price target of $92.63.

Insider Activity at Affirm

In other Affirm news, COO Michael Linford sold 100,000 shares of Affirm stock in a transaction on Friday, June 26th. The stock was sold at an average price of $80.04, for a total transaction of $8,004,000.00. Following the sale, the chief operating officer owned 117,984 shares of the company’s stock, valued at $9,443,439.36. The trade was a 45.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Noel Bertram Watson sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total value of $130,000.00. Following the transaction, the director owned 36,076 shares of the company’s stock, valued at $2,344,940. This trade represents a 5.25% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is owned by company insiders.

Affirm Stock Performance

AFRM stock opened at $71.21 on Friday. Affirm Holdings, Inc. has a 1 year low of $42.10 and a 1 year high of $100.00. The stock has a market capitalization of $23.85 billion, a price-to-earnings ratio of 64.74, a PEG ratio of 3.01 and a beta of 3.67. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32. The stock’s fifty day moving average is $73.83 and its two-hundred day moving average is $63.72.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The business had revenue of $943.95 million for the quarter, compared to analysts’ expectations of $995.27 million. During the same quarter last year, the company earned $0.01 EPS. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. On average, research analysts predict that Affirm Holdings, Inc. will post 1.23 EPS for the current year.

Affirm Company Profile

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.