Affirm Holdings, Inc. $AFRM Stock Holdings Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 85.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 88,341 shares of the company’s stock after purchasing an additional 40,685 shares during the quarter. Hsbc Holdings PLC’s holdings in Affirm were worth $6,593,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AFRM. Greenline Wealth Management LLC bought a new position in Affirm in the fourth quarter worth about $26,000. Triumph Capital Management acquired a new position in Affirm in the third quarter valued at approximately $31,000. CoreCap Advisors LLC grew its holdings in shares of Affirm by 431.3% during the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $33,000 after purchasing an additional 358 shares during the last quarter. Strive Financial Group LLC bought a new position in shares of Affirm during the fourth quarter valued at approximately $33,000. Finally, Larson Financial Group LLC raised its position in shares of Affirm by 74.5% during the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock worth $36,000 after purchasing an additional 213 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AFRM. Royal Bank Of Canada raised their price target on Affirm from $77.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Affirm in a research note on Wednesday. Oppenheimer reaffirmed an “outperform” rating and issued a $87.00 target price on shares of Affirm in a research report on Friday, May 8th. Citigroup reissued a “buy” rating on shares of Affirm in a report on Wednesday, April 15th. Finally, Zacks Research lowered shares of Affirm from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Affirm presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.68.

Affirm Stock Up 3.4%

AFRM opened at $79.49 on Friday. Affirm Holdings, Inc. has a 12 month low of $42.10 and a 12 month high of $100.00. The company has a debt-to-equity ratio of 2.39, a current ratio of 11.32 and a quick ratio of 11.32. The stock has a market cap of $26.62 billion, a P/E ratio of 72.26, a P/E/G ratio of 4.42 and a beta of 3.70. The stock’s 50 day moving average price is $67.82 and its 200 day moving average price is $62.78.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.13. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The firm had revenue of $943.95 million for the quarter, compared to the consensus estimate of $995.27 million. During the same quarter in the previous year, the business earned $0.01 EPS. The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. As a group, research analysts predict that Affirm Holdings, Inc. will post 1.25 earnings per share for the current year.

Insider Activity at Affirm

In related news, Director Noel Bertram Watson sold 2,000 shares of Affirm stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total transaction of $130,000.00. Following the sale, the director directly owned 36,076 shares in the company, valued at $2,344,940. The trade was a 5.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.01% of the company’s stock.

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.