Affirm Holdings, Inc. $AFRM Shares Purchased by Capital World Investors

Capital World Investors grew its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,203,690 shares of the company’s stock after buying an additional 18,520 shares during the period. Capital World Investors owned about 6.51% of Affirm worth $1,549,587,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AFRM. Norges Bank bought a new position in Affirm during the second quarter worth $183,475,000. Atreides Management LP boosted its holdings in shares of 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 buying an additional 1,670,429 shares during the period. Vanguard Group Inc. grew its position in shares of 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 buying an additional 922,813 shares during the last quarter. Foxhaven Asset Management LP grew its position in shares of Affirm by 39.1% during the 2nd quarter. Foxhaven Asset Management LP now owns 2,896,908 shares of the company’s stock valued at $200,292,000 after buying an additional 814,951 shares during the last quarter. Finally, Durable Capital Partners LP raised its stake in Affirm by 12.3% during the second quarter. Durable Capital Partners LP now owns 7,389,337 shares of the company’s stock worth $510,899,000 after acquiring an additional 808,455 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Performance

Shares of AFRM stock opened at $50.81 on Tuesday. Affirm Holdings, Inc. has a 12-month low of $30.90 and a 12-month high of $100.00. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of 62.73, a price-to-earnings-growth ratio of 1.89 and a beta of 3.61. The business has a 50 day simple moving average of $62.81 and a 200 day simple moving average of $71.04.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results 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 company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up 29.6% on a year-over-year basis. On average, equities research analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on AFRM. Susquehanna restated a “positive” rating and issued a $100.00 target price on shares of Affirm in a research note on Friday, February 6th. TD Cowen reissued a “buy” rating on shares of Affirm in a report on Friday, February 6th. Morgan Stanley restated an “overweight” rating on shares of Affirm in a research note on Wednesday, March 4th. Wall Street Zen cut Affirm from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, Compass Point reissued a “buy” rating and set a $68.00 price target on shares of Affirm in a report on Wednesday, February 18th. Twenty equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Affirm presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.36.

Insider Transactions at Affirm

In related news, CFO Robert O’hare sold 36,401 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $80.00, for a total value of $2,912,080.00. Following the completion of the sale, the chief financial officer owned 1,368 shares of the company’s stock, valued at $109,440. This represents a 96.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Max R. Levchin sold 666,666 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $80.62, for a total transaction of $53,746,612.92. The disclosure for this sale is available in the SEC filing. 11.01% of the stock is owned by insiders.

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.