State of New Jersey Common Pension Fund D Raises Stock Holdings in Affirm Holdings, Inc. $AFRM

State of New Jersey Common Pension Fund D boosted its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,210 shares of the company’s stock after buying an additional 3,059 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Affirm were worth $5,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of AFRM. Price T Rowe Associates Inc. MD boosted its stake in Affirm by 140.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company’s stock worth $205,350,000 after buying an additional 2,657,074 shares in the last quarter. Vanguard Group Inc. boosted its stake in Affirm by 6.7% in the first quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company’s stock worth $1,051,707,000 after buying an additional 1,457,434 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in Affirm by 1,137.5% in the first quarter. Lord Abbett & CO. LLC now owns 1,282,663 shares of the company’s stock worth $57,964,000 after buying an additional 1,179,016 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Affirm in the first quarter worth approximately $45,133,000. Finally, Durable Capital Partners LP boosted its stake in Affirm by 12.3% in the first 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 in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Activity

In other news, CEO Max R. Levchin sold 651,713 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $89.27, for a total transaction of $58,178,419.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Siphelele Jiyane sold 25,533 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $90.71, for a total value of $2,316,098.43. Following the transaction, the chief accounting officer owned 226,467 shares of the company’s stock, valued at $20,542,821.57. The trade was a 10.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,844,552 shares of company stock valued at $154,885,240. 11.82% of the stock is currently owned by insiders.

Affirm Price Performance

AFRM opened at $75.39 on Monday. The stock has a fifty day simple moving average of $79.51 and a two-hundred day simple moving average of $66.31. The company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 2.55. The company has a market cap of $24.55 billion, a price-to-earnings ratio of 579.97, a price-to-earnings-growth ratio of 4.81 and a beta of 3.58. Affirm Holdings, Inc. has a 12-month low of $30.90 and a 12-month high of $100.00.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data 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. The business had revenue of $876.42 million during the quarter, compared to the consensus estimate of $834.94 million. Affirm had a return on equity of 1.80% and a net margin of 1.62%.The firm’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.14) earnings per share. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Research analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. The Goldman Sachs Group cut their target price on Affirm from $105.00 to $94.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Truist Financial cut their target price on Affirm from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday. Susquehanna raised their price target on Affirm from $65.00 to $76.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. BTIG Research lowered Affirm from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. Finally, Mizuho raised their price target on Affirm from $70.00 to $108.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and ten have given 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 $87.35.

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.