Vanguard Group Inc. Grows Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Vanguard Group Inc. grew its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,815,563 shares of the company’s stock after acquiring an additional 716,574 shares during the period. Vanguard Group Inc. owned 0.07% of Affirm worth $1,328,568,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Affirm during the fourth quarter valued at about $2,978,000. Sei Investments Co. increased its holdings in Affirm by 5.3% during the 4th quarter. Sei Investments Co. now owns 40,840 shares of the company’s stock worth $2,487,000 after acquiring an additional 2,067 shares during the period. Vestor Capital LLC purchased a new stake in Affirm in the 4th quarter worth approximately $3,021,000. Berkshire Capital Holdings Inc. boosted its holdings in Affirm by 22.5% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 177,370 shares of the company’s stock valued at $10,802,000 after purchasing an additional 32,540 shares during the period. Finally, Teacher Retirement System of Texas grew its position in shares of Affirm by 121.9% during the 4th quarter. Teacher Retirement System of Texas now owns 62,436 shares of the company’s stock valued at $3,802,000 after purchasing an additional 34,298 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling at Affirm

In other Affirm news, CFO Robert O’hare sold 6,541 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total transaction of $407,373.48. Following the completion of the transaction, the chief financial officer now owns 2,963 shares of the company’s stock, valued at $184,535.64. This represents a 68.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $45.78, for a total value of $114,450.00. Following the completion of the sale, the director now owns 38,997 shares in the company, valued at approximately $1,785,282.66. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,301 shares of company stock worth $3,920,543. 12.41% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Citizens Jmp upgraded Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. Seaport Res Ptn raised Affirm to a “hold” rating in a report on Monday. JPMorgan Chase & Co. boosted their price objective on Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Royal Bank of Canada upped their price objective on shares of Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Finally, Compass Point upgraded shares of Affirm from a “neutral” rating to a “buy” rating and lifted their target price for the company from $61.00 to $64.00 in a research report on Wednesday, March 19th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.76.

Affirm Stock Performance

NASDAQ AFRM opened at $47.38 on Friday. The company has a 50-day simple moving average of $60.13 and a two-hundred day simple moving average of $56.20. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $82.53. The firm has a market cap of $15.07 billion, a price-to-earnings ratio of -72.89 and a beta of 3.63. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. On average, equities analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Affirm Company Profile

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.