Affirm Holdings, Inc. $AFRM Stake Reduced by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 73.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,582 shares of the company’s stock after selling 15,246 shares during the quarter. Hsbc Holdings PLC’s holdings in Affirm were worth $253,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AFRM. Vanguard Group Inc. grew its stake in Affirm by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company’s stock worth $1,051,707,000 after buying an additional 1,457,434 shares during the last quarter. Foxhaven Asset Management LP acquired a new position in Affirm during the 4th quarter worth $80,917,000. Voloridge Investment Management LLC acquired a new position in Affirm during the 4th quarter worth $76,738,000. Lord Abbett & CO. LLC boosted its position in Affirm by 1,137.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,282,663 shares of the company’s stock worth $57,964,000 after acquiring an additional 1,179,016 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in Affirm during the 1st quarter worth $45,133,000. 69.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays boosted their price target on Affirm from $67.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, June 30th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research report on Wednesday, July 2nd. Citigroup reiterated an “outperform” rating on shares of Affirm in a research report on Friday, August 29th. UBS Group boosted their price target on Affirm from $56.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Finally, Evercore ISI upped their price objective on Affirm from $67.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.04.

Insider Buying and Selling at Affirm

In other news, CEO Max R. Levchin sold 499,223 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $80.17, for a total transaction of $40,022,707.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert O’hare sold 31,423 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $83.30, for a total value of $2,617,535.90. The disclosure for this sale can be found here. Insiders sold a total of 1,234,964 shares of company stock valued at $98,925,256 over the last 90 days. 11.82% of the stock is owned by insiders.

Affirm Trading Up 5.1%

Shares of Affirm stock opened at $89.66 on Friday. The company has a quick ratio of 11.54, a current ratio of 11.54 and a debt-to-equity ratio of 2.55. The firm has a market cap of $28.92 billion, a price-to-earnings ratio of 689.75, a price-to-earnings-growth ratio of 5.92 and a beta of 3.64. The business has a fifty day simple moving average of $72.88 and a 200-day simple moving average of $59.49. Affirm Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week high of $100.00.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, August 28th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.11 by $0.09. Affirm had a return on equity of 1.80% and a net margin of 1.62%.The business had revenue of $876.42 million during the quarter, compared to the consensus estimate of $834.94 million. During the same period in the prior year, the business posted ($0.14) earnings per share. Affirm’s revenue was up 32.9% compared to the same quarter last year. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

About Affirm

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.