Thrivent Financial for Lutherans Lowers Stock Holdings in Affirm Holdings, Inc. $AFRM

Thrivent Financial for Lutherans lowered its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 53.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,677 shares of the company’s stock after selling 28,287 shares during the period. Thrivent Financial for Lutherans’ holdings in Affirm were worth $1,803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Affirm during the second quarter valued at $183,475,000. Atreides Management LP grew its position in Affirm by 543.3% during the 2nd quarter. Atreides Management LP now owns 1,977,882 shares of the company’s stock valued at $136,751,000 after purchasing an additional 1,670,429 shares during the last quarter. Vanguard Group Inc. increased its stake in Affirm by 4.0% during the 2nd 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 in the last quarter. Foxhaven Asset Management LP raised its holdings in Affirm by 39.1% in the second quarter. Foxhaven Asset Management LP now owns 2,896,908 shares of the company’s stock worth $200,292,000 after buying an additional 814,951 shares during the last quarter. Finally, Durable Capital Partners LP raised its holdings in Affirm by 12.3% in the second quarter. Durable Capital Partners LP now owns 7,389,337 shares of the company’s stock worth $510,899,000 after buying an additional 808,455 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

AFRM has been the subject of several analyst reports. Evercore reissued an “outperform” rating on shares of Affirm in a research report on Tuesday, December 16th. BTIG Research reissued a “neutral” rating on shares of Affirm in a report on Wednesday, December 17th. Wall Street Zen downgraded Affirm from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $85.00 price objective on shares of Affirm in a research report on Monday. Finally, Susquehanna reissued a “positive” rating and issued a $100.00 target price on shares of Affirm in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.67.

Affirm Stock Performance

Shares of NASDAQ AFRM opened at $56.54 on Thursday. Affirm Holdings, Inc. has a 12-month low of $30.90 and a 12-month high of $100.00. The firm has a market capitalization of $18.66 billion, a price-to-earnings ratio of 69.80, a price-to-earnings-growth ratio of 2.23 and a beta of 3.56. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 2.58. The firm has a 50 day moving average of $70.90 and a 200 day moving average of $74.06.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results 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 business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the company posted $0.23 EPS. The company’s revenue was up 29.6% compared to the same quarter last year. On average, research analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Transactions at Affirm

In other Affirm 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 sale, the chief financial officer owned 1,368 shares in the company, valued at approximately $109,440. This trade represents a 96.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Max R. Levchin sold 666,666 shares of Affirm stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $80.62, for a total transaction of $53,746,612.92. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 711,256 shares of company stock valued at $57,231,923. Company insiders own 11.01% of the company’s stock.

Affirm 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.