Vontobel Holding Ltd. Decreases Position in Affirm Holdings, Inc. $AFRM

Vontobel Holding Ltd. cut its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 46.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,375 shares of the company’s stock after selling 5,618 shares during the quarter. Vontobel Holding Ltd.’s holdings in Affirm were worth $441,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Maryland State Retirement & Pension System lifted its stake in Affirm by 7.6% in the 2nd quarter. Maryland State Retirement & Pension System now owns 13,041 shares of the company’s stock worth $902,000 after purchasing an additional 926 shares in the last quarter. KLP Kapitalforvaltning AS increased its holdings in Affirm by 5.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 51,600 shares of the company’s stock valued at $3,568,000 after purchasing an additional 2,500 shares during the last quarter. Ameliora Wealth Management Ltd. purchased a new position in Affirm in the 2nd quarter valued at approximately $757,000. Prime Capital Investment Advisors LLC purchased a new position in Affirm in the 2nd quarter valued at approximately $224,000. Finally, Highland Capital Management LLC purchased a new position in Affirm in the 2nd quarter valued at approximately $248,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Max R. Levchin sold 651,713 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $89.27, for a total transaction of $58,178,419.51. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christa S. Quarles sold 15,000 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $93.00, for a total transaction of $1,395,000.00. Following the transaction, the director directly owned 122,241 shares in the company, valued at approximately $11,368,413. This represents a 10.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,844,552 shares of company stock valued at $154,885,240 in the last 90 days. Insiders own 11.82% of the company’s stock.

Affirm Stock Down 0.4%

AFRM stock opened at $72.92 on Wednesday. Affirm Holdings, Inc. has a 12 month low of $30.90 and a 12 month high of $100.00. The company’s 50 day simple moving average is $80.16 and its 200-day simple moving average is $64.38. The firm has a market capitalization of $23.75 billion, a PE ratio of 560.97, a P/E/G ratio of 4.84 and a beta of 3.58. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, August 28th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The firm had revenue of $876.42 million for the quarter, compared to analyst estimates of $834.94 million. During the same quarter last year, the business earned ($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. Equities analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AFRM shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a report on Tuesday. Barclays lifted their target price on Affirm from $67.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, June 30th. Zacks Research cut shares of Affirm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Jefferies Financial Group increased their price target on shares of Affirm from $82.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Finally, Wall Street Zen raised shares of Affirm from a “hold” rating to a “buy” rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

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.