Capital World Investors Acquires 507,224 Shares of Affirm Holdings, Inc. $AFRM

Capital World Investors raised its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,710,914 shares of the company’s stock after purchasing an additional 507,224 shares during the quarter. Capital World Investors owned 6.58% of Affirm worth $1,615,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of AFRM. Norges Bank bought a new position in Affirm in the 4th quarter valued at $281,961,000. Invesco Ltd. grew its stake in Affirm by 294.2% in the 3rd quarter. Invesco Ltd. now owns 4,333,691 shares of the company’s stock valued at $316,706,000 after purchasing an additional 3,234,260 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Affirm by 11,042.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,161,278 shares of the company’s stock valued at $157,004,000 after purchasing an additional 2,141,881 shares during the period. Atreides Management LP grew its stake in Affirm by 543.3% in 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 period. Finally, State Street Corp grew its stake in Affirm by 26.7% in the 3rd quarter. State Street Corp now owns 5,641,965 shares of the company’s stock valued at $412,315,000 after purchasing an additional 1,187,665 shares during the period. Institutional investors own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AFRM shares. Robert W. Baird set a $70.00 price objective on Affirm in a research note on Friday, May 8th. The Goldman Sachs Group downgraded Affirm from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Needham & Company LLC upped their price objective on Affirm from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Citigroup restated a “buy” rating on shares of Affirm in a research note on Wednesday, April 15th. Finally, Compass Point reaffirmed a “buy” rating and set a $68.00 price target on shares of Affirm in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.20.

Affirm Stock Down 7.4%

Shares of NASDAQ AFRM opened at $63.61 on Friday. Affirm Holdings, Inc. has a one year low of $42.10 and a one year high of $100.00. The company has a debt-to-equity ratio of 2.39, a current ratio of 11.32 and a quick ratio of 11.32. The business’s fifty day moving average price is $60.91 and its 200-day moving average price is $62.38. The stock has a market capitalization of $21.30 billion, a PE ratio of 57.83, a P/E/G ratio of 3.66 and a beta of 3.70.

Affirm (NASDAQ:AFRM) last issued its quarterly 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. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The firm had revenue of $943.95 million for the quarter, compared to analysts’ expectations of $995.27 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The business’s revenue for the quarter was up 32.7% compared to the same quarter last year. On average, equities research analysts anticipate that Affirm Holdings, Inc. will post 1.25 EPS for the current year.

Insider Transactions at Affirm

In related news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. Following the sale, the director owned 36,076 shares of the company’s stock, valued at approximately $2,344,940. This represents a 5.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.01% of the company’s stock.

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.