Affirm Holdings, Inc. $AFRM Holdings Lifted by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 322.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 485,513 shares of the company’s stock after buying an additional 370,553 shares during the period. American Century Companies Inc. owned approximately 0.15% of Affirm worth $35,481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted 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 worth $1,784,545,000 after buying an additional 223,258 shares in the last quarter. Durable Capital Partners LP grew its stake in shares of Affirm by 12.3% in the 2nd quarter. Durable Capital Partners LP now owns 7,389,337 shares of the company’s stock valued at $510,899,000 after buying an additional 808,455 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 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 in the last quarter. State Street Corp increased its holdings in Affirm by 3.8% in the second quarter. State Street Corp now owns 4,454,300 shares of the company’s stock worth $307,970,000 after buying an additional 161,522 shares during the last quarter. Finally, Foxhaven Asset Management LP increased its holdings in Affirm by 39.1% in the second quarter. Foxhaven Asset Management LP now owns 2,896,908 shares of the company’s stock worth $200,292,000 after buying an additional 814,951 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Max R. Levchin sold 666,666 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $80.62, for a total value of $53,746,612.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert O’hare sold 36,401 shares of Affirm 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 completion of the transaction, the chief financial officer owned 1,368 shares in the company, valued at $109,440. This trade represents a 96.38% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 11.01% of the company’s stock.

Affirm Stock Down 1.5%

AFRM opened at $51.70 on Friday. The firm has a market cap of $17.22 billion, a P/E ratio of 63.83, a price-to-earnings-growth ratio of 1.90 and a beta of 3.61. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41. The business has a 50 day moving average price of $63.30 and a 200 day moving average price of $71.22. Affirm Holdings, Inc. has a twelve month low of $30.90 and a twelve month high of $100.00.

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

Analysts Set New Price Targets

A number of research firms have issued reports on AFRM. JPMorgan Chase & Co. reduced their target price on shares of Affirm from $94.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. The Goldman Sachs Group lowered shares of Affirm from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Oppenheimer cut their price target on shares of Affirm from $95.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Compass Point reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Affirm in a research note on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Affirm in a report on Monday, December 29th. Twenty equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.36.

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.