Capital Research Global Investors Has $1.72 Billion Position in Affirm Holdings, Inc. $AFRM

Capital Research Global Investors boosted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 23,145,942 shares of the company’s stock after purchasing an additional 104,239 shares during the quarter. Capital Research Global Investors owned about 0.07% of Affirm worth $1,722,797,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AFRM. Assetmark Inc. raised its stake in Affirm by 111.3% during the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after acquiring an additional 178 shares in the last quarter. Triumph Capital Management acquired a new position in Affirm during the third quarter worth $31,000. CoreCap Advisors LLC raised its stake in Affirm by 431.3% during the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock worth $33,000 after acquiring an additional 358 shares in the last quarter. Larson Financial Group LLC raised its stake in Affirm by 74.5% during the third quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock worth $36,000 after acquiring an additional 213 shares in the last quarter. Finally, Bogart Wealth LLC raised its stake in Affirm by 2,381.0% during the fourth quarter. Bogart Wealth LLC now owns 521 shares of the company’s stock worth $39,000 after acquiring an additional 500 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Price Performance

Shares of AFRM stock opened at $63.61 on Friday. The stock’s fifty day moving average is $60.91 and its 200-day moving average is $62.38. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32. The stock has a market capitalization of $21.30 billion, a PE ratio of 57.83, a PEG ratio of 3.66 and a beta of 3.70. Affirm Holdings, Inc. has a 52 week low of $42.10 and a 52 week high of $100.00.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AFRM. Oppenheimer reiterated an “outperform” rating and set a $87.00 price objective on shares of Affirm in a research note on Friday, May 8th. UBS Group increased their target price on Affirm from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Affirm in a report on Friday, March 27th. Stephens increased their target price on Affirm from $55.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Finally, Citigroup restated a “buy” rating on shares of Affirm in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Affirm has a consensus rating of “Moderate Buy” and a consensus target price of $86.20.

Insider Buying and Selling

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