Affirm Holdings, Inc. $AFRM Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. cut its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 21.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,895,362 shares of the company’s stock after selling 1,637,048 shares during the period. Baillie Gifford & Co. owned 1.81% of Affirm worth $430,833,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of AFRM. Huntington National Bank lifted its stake in shares of Affirm by 634.0% during the second quarter. Huntington National Bank now owns 389 shares of the company’s stock worth $27,000 after buying an additional 336 shares during the period. Mather Group LLC. purchased a new position in Affirm in the 3rd quarter worth $29,000. SouthState Corp lifted its position in Affirm by 190.5% during the 2nd quarter. SouthState Corp now owns 427 shares of the company’s stock worth $30,000 after acquiring an additional 280 shares during the period. Blume Capital Management Inc. lifted its position in Affirm by 468.8% during the 2nd quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock worth $31,000 after acquiring an additional 375 shares during the period. Finally, UMB Bank n.a. grew its stake in Affirm by 86.6% during the 2nd quarter. UMB Bank n.a. now owns 569 shares of the company’s stock valued at $39,000 after purchasing an additional 264 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Price Performance

NASDAQ:AFRM opened at $71.43 on Friday. 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 has a 50 day moving average price of $72.38 and a 200-day moving average price of $74.48. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00. The firm has a market cap of $23.58 billion, a price-to-earnings ratio of 106.61, a price-to-earnings-growth ratio of 3.30 and a beta of 3.57.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AFRM shares. Evercore ISI restated an “outperform” rating on shares of Affirm in a research note on Tuesday, December 16th. Wall Street Zen lowered shares of Affirm from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Wells Fargo & Company began coverage on shares of Affirm in a report on Tuesday, October 21st. They issued an “overweight” rating and a $89.00 price objective on the stock. TD Cowen reissued a “buy” rating on shares of Affirm in a report on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Affirm in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Affirm currently has an average rating of “Moderate Buy” and a consensus target price of $89.17.

Insider Activity

In related news, CFO Robert O’hare sold 36,401 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $80.00, for a total value of $2,912,080.00. Following the completion of the transaction, the chief financial officer owned 1,368 shares of the company’s stock, valued at approximately $109,440. This represents a 96.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Max R. Levchin sold 666,666 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $80.62, for a total value of $53,746,612.92. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 711,256 shares of company stock valued at $57,231,923. 11.01% of the stock is owned by company insiders.

Affirm Company Profile

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.