Andra AP fonden Takes $8.30 Million Position in Affirm Holdings, Inc. $AFRM

Andra AP fonden purchased a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 113,600 shares of the company’s stock, valued at approximately $8,302,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in Affirm by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 24,419,068 shares of the company’s stock valued at $1,784,545,000 after buying an additional 223,258 shares during the period. Durable Capital Partners LP raised its stake in shares of Affirm by 12.3% in the second quarter. Durable Capital Partners LP now owns 7,389,337 shares of the company’s stock valued at $510,899,000 after acquiring an additional 808,455 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Affirm by 5.8% in the second quarter. Geode Capital Management LLC now owns 4,659,287 shares of the company’s stock valued at $322,195,000 after purchasing an additional 254,359 shares during the period. State Street Corp grew its stake in Affirm by 3.8% during the 2nd quarter. State Street Corp now owns 4,454,300 shares of the company’s stock worth $307,970,000 after purchasing an additional 161,522 shares in the last quarter. Finally, Foxhaven Asset Management LP raised its position in Affirm by 39.1% in the 2nd quarter. Foxhaven Asset Management LP now owns 2,896,908 shares of the company’s stock valued at $200,292,000 after purchasing an additional 814,951 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling at Affirm

In other Affirm news, CEO Max R. Levchin sold 666,666 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $80.62, for a total transaction of $53,746,612.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert O’hare sold 36,401 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the transaction, the chief financial officer directly owned 1,368 shares in the company, valued at approximately $109,440. This trade represents a 96.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 711,256 shares of company stock valued at $57,231,923 in the last 90 days. Company insiders own 11.01% of the company’s stock.

Affirm Stock Down 6.8%

AFRM stock opened at $46.98 on Friday. The company has a market cap of $15.65 billion, a price-to-earnings ratio of 58.00, a price-to-earnings-growth ratio of 1.72 and a beta of 3.56. The company has a fifty day moving average price of $65.94 and a 200 day moving average price of $72.17. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41. Affirm Holdings, Inc. has a 12 month low of $30.90 and a 12 month high of $100.00.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The business’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 earnings per share. Sell-side analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analyst Ratings Changes

AFRM has been the topic of several analyst reports. Truist Financial reduced their target price on shares of Affirm from $85.00 to $71.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Evercore reissued an “outperform” rating on shares of Affirm in a research report on Tuesday, December 16th. UBS Group set a $78.00 price objective on shares of Affirm in a research report on Friday, February 6th. Needham & Company LLC dropped their target price on Affirm from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, The Goldman Sachs Group cut Affirm from a “buy” rating to a “hold” rating in a research note on Tuesday. Twenty investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $85.00.

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.