Hsbc Holdings PLC Boosts Holdings in Affirm Holdings, Inc. $AFRM

Hsbc Holdings PLC lifted its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 85.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,341 shares of the company’s stock after purchasing an additional 40,685 shares during the period. Hsbc Holdings PLC’s holdings in Affirm were worth $6,593,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Greenline Wealth Management LLC purchased a new stake in Affirm during the 4th quarter worth $26,000. Triumph Capital Management purchased a new position in Affirm in the 3rd quarter valued at about $31,000. CoreCap Advisors LLC boosted its position in Affirm by 431.3% in the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $33,000 after buying an additional 358 shares during the last quarter. Strive Financial Group LLC acquired a new stake in shares of Affirm during the fourth quarter valued at about $33,000. Finally, Larson Financial Group LLC grew its stake in shares of Affirm by 74.5% during the third quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock valued at $36,000 after acquiring an additional 213 shares in the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Stock Performance

Shares of AFRM stock opened at $79.49 on Friday. The stock has a market capitalization of $26.62 billion, a price-to-earnings ratio of 72.26, a PEG ratio of 4.42 and a beta of 3.70. Affirm Holdings, Inc. has a one year low of $42.10 and a one year high of $100.00. The company’s 50-day simple moving average is $67.82 and its 200-day simple moving average is $62.78. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data 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 analyst estimates of $995.27 million. During the same period in the previous year, the company earned $0.01 earnings per share. Affirm’s quarterly revenue was up 32.7% on a year-over-year basis. Equities analysts anticipate that Affirm Holdings, Inc. will post 1.25 earnings per share for the current fiscal year.

Insider Activity at Affirm

In other news, Director Noel Bertram Watson sold 2,000 shares of the business’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 sale, the director directly owned 36,076 shares in the company, valued at approximately $2,344,940. The trade was a 5.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 11.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Needham & Company LLC boosted their price target on Affirm from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Oppenheimer reissued an “outperform” rating and issued a $87.00 price target on shares of Affirm in a report on Friday, May 8th. Citizens Jmp dropped their price objective on Affirm from $105.00 to $85.00 and set a “market outperform” rating on the stock in a report on Friday, April 17th. Robert W. Baird set a $70.00 target price on Affirm in a research report on Friday, May 8th. Finally, Stephens increased their target price on Affirm from $55.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Affirm has an average rating of “Moderate Buy” and an average price target of $86.68.

Affirm Company 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.