Handelsbanken Fonder AB Has $2.82 Million Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Handelsbanken Fonder AB lifted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 5.9% during the first quarter, Holdings Channel reports. The fund owned 62,500 shares of the company’s stock after buying an additional 3,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Affirm were worth $2,824,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Capital Research Global Investors lifted its position in shares of Affirm by 2.0% during the 4th quarter. Capital Research Global Investors now owns 24,264,396 shares of the company’s stock valued at $1,477,747,000 after acquiring an additional 470,409 shares during the period. Vanguard Group Inc. lifted its position in shares of Affirm by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company’s stock valued at $1,328,568,000 after acquiring an additional 716,574 shares during the period. Capital World Investors lifted its position in shares of Affirm by 0.4% during the 4th quarter. Capital World Investors now owns 18,339,165 shares of the company’s stock valued at $1,116,861,000 after acquiring an additional 72,582 shares during the period. Durable Capital Partners LP raised its holdings in Affirm by 97.3% during the fourth quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company’s stock worth $356,769,000 after buying an additional 2,888,827 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. raised its holdings in Affirm by 11.6% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 5,198,039 shares of the company’s stock worth $316,561,000 after buying an additional 538,892 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AFRM. JPMorgan Chase & Co. lowered their price objective on shares of Affirm from $74.00 to $69.00 and set an “overweight” rating on the stock in a report on Friday, May 9th. Evercore ISI began coverage on shares of Affirm in a report on Wednesday, April 9th. They set an “outperform” rating and a $50.00 price objective on the stock. Stephens began coverage on shares of Affirm in a report on Thursday. They set an “equal weight” rating and a $69.00 price objective on the stock. Susquehanna upgraded shares of Affirm from a “neutral” rating to a “positive” rating and set a $65.00 price objective on the stock in a report on Friday, May 9th. Finally, Bank of America upped their price objective on shares of Affirm from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.05.

Affirm Stock Performance

NASDAQ:AFRM opened at $59.11 on Friday. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53. The business’s fifty day moving average is $50.05 and its 200 day moving average is $56.88. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of -90.94 and a beta of 3.58.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.10. The business had revenue of $783.14 million during the quarter, compared to analyst estimates of $782.98 million. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.43) EPS. Research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Buying and Selling at Affirm

In other Affirm news, Director Keith Rabois sold 16,089 shares of Affirm stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $51.00, for a total transaction of $820,539.00. Following the completion of the transaction, the director now owns 29,343 shares of the company’s stock, valued at $1,496,493. The trade was a 35.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction 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 $1,785,282.66. This trade represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,677 shares of company stock valued at $1,665,545 in the last quarter. 11.82% of the stock is currently owned by corporate insiders.

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.