Affirm Holdings, Inc. $AFRM Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 57.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 97,650 shares of the company’s stock after acquiring an additional 35,650 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Affirm were worth $4,474,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. boosted its holdings in Affirm by 83.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 48,504 shares of the company’s stock valued at $3,610,000 after purchasing an additional 22,054 shares during the period. Capelight Capital Asset Management LP acquired a new stake in Affirm in the fourth quarter valued at approximately $4,912,000. Jefferies Financial Group Inc. lifted its stake in Affirm by 1,161.2% in the third quarter. Jefferies Financial Group Inc. now owns 171,269 shares of the company’s stock worth $12,516,000 after acquiring an additional 157,689 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Affirm by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 5,501,387 shares of the company’s stock valued at $408,433,000 after purchasing an additional 329,312 shares during the last quarter. Finally, Swiss National Bank raised its stake in Affirm by 60.7% in the third quarter. Swiss National Bank now owns 771,800 shares of the company’s stock valued at $56,403,000 after buying an additional 291,500 shares in the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Affirm

In other news, COO Michael Linford sold 100,000 shares of Affirm stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $80.04, for a total transaction of $8,004,000.00. Following the completion of the sale, the chief operating officer directly owned 117,984 shares in the company, valued at approximately $9,443,439.36. This trade represents a 45.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Noel Bertram Watson sold 2,000 shares of Affirm stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total value of $130,000.00. Following the transaction, the director directly owned 36,076 shares of the company’s stock, valued at approximately $2,344,940. This represents a 5.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 104,000 shares of company stock valued at $8,244,000. 11.01% of the stock is currently owned by corporate insiders.

Affirm Trading Up 0.2%

NASDAQ AFRM opened at $85.92 on Tuesday. Affirm Holdings, Inc. has a 52-week low of $42.10 and a 52-week high of $100.00. The firm has a 50-day moving average price of $70.14 and a 200 day moving average price of $63.36. The stock has a market capitalization of $28.77 billion, a P/E ratio of 78.01, a P/E/G ratio of 3.48 and a beta of 3.67. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 2.39.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The business had revenue of $943.95 million during the quarter, compared to the consensus estimate of $995.27 million. During the same period in the prior year, the business posted $0.01 EPS. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. Equities research analysts expect that Affirm Holdings, Inc. will post 1.24 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AFRM shares. Mizuho increased their price objective on Affirm from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Bank of America increased their target price on shares of Affirm from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Cantor Fitzgerald upped their price objective on shares of Affirm from $61.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Citigroup boosted their target price on Affirm from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, Robert W. Baird set a $70.00 price objective on Affirm in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $88.20.

Affirm 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.