Berkshire Capital Holdings Inc. Grows Position in Affirm Holdings, Inc. $AFRM

Berkshire Capital Holdings Inc. lifted its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 45.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 203,600 shares of the company’s stock after acquiring an additional 64,080 shares during the quarter. Affirm makes up about 4.9% of Berkshire Capital Holdings Inc.’s portfolio, making the stock its 9th biggest holding. Berkshire Capital Holdings Inc. owned 0.06% of Affirm worth $14,077,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Affirm by 4.0% during the second quarter. Vanguard Group Inc. now owns 24,195,810 shares of the company’s stock worth $1,672,898,000 after purchasing an additional 922,813 shares during the period. Durable Capital Partners LP boosted its holdings in shares of Affirm by 12.3% during the 1st quarter. Durable Capital Partners LP now owns 6,580,882 shares of the company’s stock worth $297,390,000 after buying an additional 722,599 shares during the period. Geode Capital Management LLC grew its stake in Affirm by 5.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,659,287 shares of the company’s stock valued at $322,195,000 after buying an additional 254,359 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Affirm by 140.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company’s stock valued at $205,350,000 after buying an additional 2,657,074 shares during the last quarter. Finally, State Street Corp raised its holdings in Affirm by 3.8% in the 2nd quarter. State Street Corp now owns 4,454,300 shares of the company’s stock valued at $307,970,000 after acquiring an additional 161,522 shares during the period. Institutional investors own 69.29% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Siphelele Jiyane sold 12,500 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $85.42, for a total value of $1,067,750.00. Following the completion of the transaction, the chief accounting officer owned 213,967 shares of the company’s stock, valued at approximately $18,277,061.14. This represents a 5.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Max R. Levchin sold 651,713 shares of Affirm 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 672,402 shares of company stock valued at $59,819,400. 11.01% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Jefferies Financial Group upped their target price on Affirm from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Truist Financial dropped their target price on Affirm from $90.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Evercore ISI restated an “outperform” rating on shares of Affirm in a research note on Tuesday, September 16th. Citigroup upgraded shares of Affirm to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Bank of America boosted their price objective on shares of Affirm from $94.00 to $98.00 and gave the company a “buy” rating in a report on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.57.

Affirm Stock Performance

Shares of NASDAQ:AFRM opened at $70.86 on Thursday. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The stock has a market capitalization of $23.39 billion, a price-to-earnings ratio of 105.76, a price-to-earnings-growth ratio of 3.09 and a beta of 3.57. The company has a debt-to-equity ratio of 2.40, a current ratio of 12.80 and a quick ratio of 12.80. The company’s 50 day simple moving average is $71.37 and its 200 day simple moving average is $71.42.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The firm had revenue of $933.34 million for the quarter, compared to the consensus estimate of $881.83 million. During the same quarter last year, the business posted ($0.31) EPS. The company’s revenue was up 33.6% compared to the same quarter last year. As a group, research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Affirm Profile

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.