Geode Capital Management LLC Has $408.43 Million Stock Position in Affirm Holdings, Inc. $AFRM

Geode Capital Management LLC boosted its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,501,387 shares of the company’s stock after buying an additional 329,312 shares during the period. Geode Capital Management LLC’s holdings in Affirm were worth $408,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of AFRM. Allstate Corp grew its stake in Affirm by 108.4% in the fourth quarter. Allstate Corp now owns 19,740 shares of the company’s stock valued at $1,469,000 after purchasing an additional 10,268 shares in the last quarter. Legal & General Group Plc grew its stake in Affirm by 25.4% in the fourth quarter. Legal & General Group Plc now owns 605,521 shares of the company’s stock valued at $45,069,000 after purchasing an additional 122,584 shares in the last quarter. Dilation Capital Management LP grew its stake in Affirm by 20.2% in the fourth quarter. Dilation Capital Management LP now owns 215,688 shares of the company’s stock valued at $16,054,000 after purchasing an additional 36,285 shares in the last quarter. White Lighthouse Investment Management Inc. grew its stake in Affirm by 21.9% in the fourth quarter. White Lighthouse Investment Management Inc. now owns 7,111 shares of the company’s stock valued at $529,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Steadview Capital Management LLC grew its stake in Affirm by 1,612.1% in the fourth quarter. Steadview Capital Management LLC now owns 227,705 shares of the company’s stock valued at $16,948,000 after purchasing an additional 214,405 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $73.65 on Monday. The business has a 50 day moving average price of $58.55 and a 200 day moving average price of $62.51. Affirm Holdings, Inc. has a twelve month low of $42.10 and a twelve month high of $100.00. The company has a market cap of $24.67 billion, a price-to-earnings ratio of 66.95, a PEG ratio of 4.24 and a beta of 3.70. 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 announced its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.13. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The firm had revenue of $943.95 million during the quarter, compared to the consensus estimate of $995.27 million. During the same quarter in the prior year, the company earned $0.01 EPS. The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year. Research analysts predict that Affirm Holdings, Inc. will post 1.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Citigroup restated a “buy” rating on shares of Affirm in a research note on Wednesday, April 15th. Susquehanna restated a “positive” rating and issued a $100.00 target price on shares of Affirm in a research note on Friday, February 6th. JPMorgan Chase & Co. upped their price target on Affirm from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Compass Point reiterated a “buy” rating and set a $68.00 price target on shares of Affirm in a research note on Wednesday, February 18th. Finally, BTIG Research reiterated a “neutral” rating on shares of Affirm in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.20.

Insiders Place Their Bets

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director owned 36,076 shares of the company’s stock, valued at $2,344,940. This represents a 5.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by insiders.

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.