Capital Research Global Investors Acquires 104,239 Shares of Affirm Holdings, Inc. $AFRM

Capital Research Global Investors grew its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,145,942 shares of the company’s stock after acquiring an additional 104,239 shares during the quarter. Capital Research Global Investors owned 7.01% of Affirm worth $1,722,797,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. boosted its position in shares of Affirm by 111.3% in the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after acquiring an additional 178 shares during the period. Triumph Capital Management bought a new stake in shares of Affirm in the third quarter valued at approximately $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 valued at $33,000 after acquiring an additional 358 shares during the period. Larson Financial Group LLC boosted its position in shares of Affirm by 74.5% in the third quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock valued at $36,000 after acquiring an additional 213 shares during the period. Finally, Bogart Wealth LLC boosted its position in shares of Affirm by 2,381.0% in the fourth quarter. Bogart Wealth LLC now owns 521 shares of the company’s stock valued at $39,000 after acquiring an additional 500 shares during the period. 69.29% of the stock is owned by institutional investors.

Affirm Stock Performance

Shares of NASDAQ AFRM opened at $63.61 on Friday. The business has a fifty day simple moving average of $60.91 and a 200 day simple moving average of $62.38. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $21.30 billion, a price-to-earnings ratio of 57.83, a PEG ratio of 3.66 and a beta of 3.70. Affirm Holdings, Inc. has a one year low of $42.10 and a one year high of $100.00.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. The business had revenue of $943.95 million during the quarter, compared to analyst estimates of $995.27 million. Affirm had a return on equity of 11.17% and a net margin of 9.63%.Affirm’s revenue was up 32.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 earnings per share. Sell-side analysts expect that Affirm Holdings, Inc. will post 1.25 EPS for the current year.

Insider Transactions at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. Following the completion of the transaction, the director directly owned 36,076 shares in the company, valued at $2,344,940. This represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AFRM shares. Cantor Fitzgerald increased their price objective on Affirm from $61.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Zacks Research lowered Affirm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Needham & Company LLC upped their target price on Affirm from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Citizens Jmp cut their target price on Affirm from $105.00 to $85.00 and set a “market outperform” rating for the company in a research note on Friday, April 17th. Finally, Mizuho upped their target price on Affirm from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.20.

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.