Berkshire Capital Holdings Inc. Acquires 64,080 Shares of Affirm Holdings, Inc. $AFRM

Berkshire Capital Holdings Inc. increased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 45.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 203,600 shares of the company’s stock after purchasing an additional 64,080 shares during the quarter. Affirm makes up 4.9% of Berkshire Capital Holdings Inc.’s investment portfolio, making the stock its 9th biggest holding. Berkshire Capital Holdings Inc.’s holdings in Affirm were worth $14,077,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Affirm by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 24,195,810 shares of the company’s stock valued at $1,672,898,000 after buying an additional 922,813 shares during the last quarter. Durable Capital Partners LP raised its position in shares of Affirm by 12.3% during the first quarter. Durable Capital Partners LP now owns 6,580,882 shares of the company’s stock worth $297,390,000 after acquiring an additional 722,599 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Affirm by 5.8% in the second quarter. Geode Capital Management LLC now owns 4,659,287 shares of the company’s stock valued at $322,195,000 after acquiring an additional 254,359 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Affirm by 140.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company’s stock valued at $205,350,000 after purchasing an additional 2,657,074 shares during the period. Finally, State Street Corp raised its holdings in Affirm by 3.8% during the 2nd quarter. State Street Corp now owns 4,454,300 shares of the company’s stock worth $307,970,000 after purchasing an additional 161,522 shares during the last quarter. 69.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AFRM has been the topic of a number of analyst reports. Royal Bank Of Canada reduced their price objective on shares of Affirm from $97.00 to $87.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. JPMorgan Chase & Co. upped their price target on shares of Affirm from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. JMP Securities increased their price target on Affirm from $75.00 to $105.00 and gave the stock a “market outperform” rating in a report on Friday, August 29th. Rothschild & Co Redburn raised Affirm from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $74.00 to $101.00 in a research note on Monday, October 6th. Finally, Citigroup upgraded Affirm to a “strong-buy” rating in a research report on Thursday, October 23rd. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Affirm currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.57.

Insider Activity

In other news, CFO Robert O’hare sold 8,189 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $70.00, for a total transaction of $573,230.00. Following the transaction, the chief financial officer directly owned 1,368 shares of the company’s stock, valued at $95,760. This represents a 85.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Siphelele Jiyane sold 12,500 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $85.42, for a total value of $1,067,750.00. Following the completion of the transaction, the chief accounting officer owned 213,967 shares in the company, valued at approximately $18,277,061.14. This represents a 5.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 672,402 shares of company stock worth $59,819,400 over the last quarter. 11.01% of the stock is currently owned by corporate insiders.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $70.86 on Thursday. The firm has a market capitalization of $23.39 billion, a P/E ratio of 105.76, a P/E/G ratio of 3.09 and a beta of 3.57. The firm’s 50-day moving average price is $71.37 and its 200-day moving average price is $71.42. The company has a current ratio of 12.80, a quick ratio of 12.80 and a debt-to-equity ratio of 2.40. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The business had revenue of $933.34 million during the quarter, compared to analyst estimates of $881.83 million. During the same period in the previous year, the company posted ($0.31) EPS. The firm’s revenue was up 33.6% compared to the same quarter last year. Equities research analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal 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.