Affirm Holdings, Inc. $AFRM Shares Purchased by Saudi Central Bank

Saudi Central Bank increased its position in Affirm Holdings, Inc. (NASDAQ:AFRMFree Report) by 91.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,445 shares of the company’s stock after buying an additional 9,298 shares during the period. Saudi Central Bank’s holdings in Affirm were worth $1,586,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Greenline Wealth Management LLC acquired a new position in shares of Affirm in the 4th quarter valued at about $26,000. Syntegra Private Wealth Group LLC acquired a new stake in Affirm during the 1st quarter valued at $28,000. Triumph Capital Management acquired a new stake in shares of Affirm during the third quarter valued at about $31,000. Strive Financial Group LLC purchased a new stake in Affirm during the 4th quarter worth approximately $33,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Affirm in the first quarter valued at $34,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Cantor Fitzgerald lifted their target price on Affirm from $88.00 to $97.00 and gave the company an “overweight” rating in a research note on Monday, August 31st. Sanford C. Bernstein raised their price objective on shares of Affirm from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Barclays boosted their price target on shares of Affirm from $97.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. TD Cowen lifted their target price on Affirm from $117.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Finally, Mizuho upped their price target on shares of Affirm from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Twenty-four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Affirm has an average rating of “Moderate Buy” and an average target price of $99.33.

Get Our Latest Analysis on AFRM

Affirm Stock Performance

Shares of NASDAQ AFRM opened at $72.08 on Wednesday. The business has a fifty day simple moving average of $76.81 and a 200 day simple moving average of $65.63. The firm has a market capitalization of $24.32 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 2.96 and a beta of 3.61. Affirm Holdings, Inc. has a one year low of $42.10 and a one year high of $92.56. The company has a current ratio of 11.80, a quick ratio of 11.80 and a debt-to-equity ratio of 1.82.

Affirm (NASDAQ:AFRMGet Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $4.27. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.11 billion. Affirm had a return on equity of 47.91% and a net margin of 45.29%.The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 earnings per share. Sell-side analysts expect that Affirm Holdings, Inc. will post 1.87 EPS for the current year.

Insider Transactions at Affirm

In other Affirm news, COO Michael Linford sold 79,219 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $90.01, for a total transaction of $7,130,502.19. Following the completion of the sale, the chief operating officer directly owned 120,713 shares of the company’s stock, valued at approximately $10,865,377.13. The trade was a 39.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katherine Adkins sold 41,664 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $75.53, for a total transaction of $3,146,881.92. Following the completion of the transaction, the insider directly owned 152,439 shares in the company, valued at $11,513,717.67. This trade represents a 21.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 262,547 shares of company stock valued at $21,220,779. Corporate insiders own 11.01% of the company’s stock.

Affirm Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

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