Vanguard Group Inc. Boosts Stock Position in Affirm Holdings, Inc. $AFRM

Vanguard Group Inc. grew its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,847,206 shares of the company’s stock after buying an additional 428,138 shares during the period. Vanguard Group Inc. owned 0.08% of Affirm worth $1,849,378,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AFRM. Invesco Ltd. lifted its position in shares of Affirm by 294.2% during the 3rd quarter. Invesco Ltd. now owns 4,333,691 shares of the company’s stock valued at $316,706,000 after buying an additional 3,234,260 shares in the last quarter. Atreides Management LP lifted its holdings in Affirm by 543.3% in the 2nd quarter. Atreides Management LP now owns 1,977,882 shares of the company’s stock worth $136,751,000 after purchasing an additional 1,670,429 shares in the last quarter. State Street Corp lifted its holdings in Affirm by 26.7% in the 3rd quarter. State Street Corp now owns 5,641,965 shares of the company’s stock worth $412,315,000 after purchasing an additional 1,187,665 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Affirm by 333.5% in the 3rd quarter. Alliancebernstein L.P. now owns 1,166,370 shares of the company’s stock worth $85,238,000 after purchasing an additional 897,340 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in Affirm by 68.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,146,092 shares of the company’s stock worth $156,836,000 after purchasing an additional 875,813 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Stock Performance

NASDAQ:AFRM opened at $63.48 on Thursday. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41. Affirm Holdings, Inc. has a 1 year low of $42.10 and a 1 year high of $100.00. The stock’s 50 day simple moving average is $51.34 and its two-hundred day simple moving average is $63.36. The company has a market cap of $21.15 billion, a price-to-earnings ratio of 78.37, a PEG ratio of 4.55 and a beta of 3.63.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. Affirm had a return on equity of 8.83% and a net margin of 7.60%.The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $0.23 EPS. The company’s revenue was up 29.6% compared to the same quarter last year. As a group, equities analysts anticipate that Affirm Holdings, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Transactions at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of Affirm stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $55.00, for a total value of $110,000.00. Following the sale, the director owned 38,076 shares of the company’s stock, valued at $2,094,180. The trade was a 4.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AFRM shares. Citizens Jmp lowered their price target on Affirm from $105.00 to $85.00 and set a “market outperform” rating on the stock in a report on Friday, April 17th. Compass Point reissued a “buy” rating and issued a $68.00 price target on shares of Affirm in a report on Wednesday, February 18th. Citigroup reissued a “buy” rating on shares of Affirm in a report on Wednesday, April 15th. BMO Capital Markets started coverage on Affirm in a report on Tuesday, April 21st. They issued an “outperform” rating and a $75.00 price target on the stock. Finally, Bank of America started coverage on Affirm in a report on Thursday, March 5th. They issued a “buy” rating and a $82.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $83.76.

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.