Voya Investment Management LLC Sells 140,678 Shares of Affirm Holdings, Inc. $AFRM

Voya Investment Management LLC lessened its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 83.1% during the third quarter, Holdings Channel reports. The fund owned 28,530 shares of the company’s stock after selling 140,678 shares during the quarter. Voya Investment Management LLC’s holdings in Affirm were worth $2,085,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Affirm by 4.0% during the second quarter. Vanguard Group Inc. now owns 24,195,810 shares of the company’s stock valued at $1,672,898,000 after purchasing an additional 922,813 shares during the period. Durable Capital Partners LP increased its position in Affirm by 12.3% in the 2nd quarter. Durable Capital Partners LP now owns 7,389,337 shares of the company’s stock valued at $510,899,000 after buying an additional 808,455 shares in the last quarter. Geode Capital Management LLC raised its stake in Affirm by 5.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,659,287 shares of the company’s stock worth $322,195,000 after buying an additional 254,359 shares during the period. State Street Corp boosted its holdings in Affirm by 3.8% in the second quarter. State Street Corp now owns 4,454,300 shares of the company’s stock worth $307,970,000 after acquiring an additional 161,522 shares in the last quarter. Finally, Foxhaven Asset Management LP grew its position in Affirm by 39.1% in the 2nd quarter. Foxhaven Asset Management LP now owns 2,896,908 shares of the company’s stock valued at $200,292,000 after purchasing an additional 814,951 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Mizuho lifted their price target on Affirm from $70.00 to $108.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a research report on Monday, December 22nd. Rothschild Redb raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Citigroup raised Affirm to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Affirm in a research report on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.57.

Insider Buying and Selling at Affirm

In other news, CFO Robert O’hare sold 8,189 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $70.00, for a total value of $573,230.00. Following the sale, the chief financial officer directly owned 1,368 shares of the company’s stock, valued at approximately $95,760. This represents a 85.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.01% of the stock is currently owned by corporate insiders.

Affirm Trading Down 0.2%

Shares of AFRM stock opened at $75.81 on Monday. The stock has a market capitalization of $25.02 billion, a price-to-earnings ratio of 113.15, a PEG ratio of 3.44 and a beta of 3.57. The company’s fifty day simple moving average is $71.30 and its two-hundred day simple moving average is $73.07. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The company has a debt-to-equity ratio of 2.40, a current ratio of 12.80 and a quick ratio of 12.80.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.12. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The company had revenue of $933.34 million during the quarter, compared to analysts’ expectations of $881.83 million. During the same period in the previous year, the business earned ($0.31) earnings per share. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. As a group, analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share 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.