Capital Research Global Investors Has $1.48 Billion Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Capital Research Global Investors increased its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,264,396 shares of the company's stock after buying an additional 470,409 shares during the quarter. Capital Research Global Investors owned about 7.73% of Affirm worth $1,477,747,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors lifted its holdings in shares of Affirm by 0.4% during the 4th quarter. Capital World Investors now owns 18,339,165 shares of the company's stock worth $1,116,861,000 after acquiring an additional 72,582 shares during the period. First Trust Advisors LP grew its position in Affirm by 190.0% during the fourth quarter. First Trust Advisors LP now owns 193,071 shares of the company's stock valued at $11,758,000 after acquiring an additional 126,499 shares during the period. Forum Financial Management LP increased its position in Affirm by 16.5% during the 4th quarter. Forum Financial Management LP now owns 7,985 shares of the company's stock worth $486,000 after purchasing an additional 1,128 shares in the last quarter. Commerce Bank bought a new position in Affirm in the fourth quarter worth about $274,000. Finally, Capital International Investors acquired a new position in Affirm during the 4th quarter valued at approximately $100,030,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Stock Up 6.9 %

AFRM traded up $3.03 on Wednesday, hitting $46.85. 7,608,276 shares of the company were exchanged, compared to its average volume of 8,345,356. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The stock's fifty day moving average is $51.43 and its 200-day moving average is $56.18. The company has a market cap of $14.90 billion, a PE ratio of -72.08 and a beta of 3.68. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Equities research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AFRM shares. Seaport Res Ptn raised Affirm to a "hold" rating in a research note on Monday, March 24th. Evercore ISI began coverage on Affirm in a report on Wednesday, April 9th. They set an "outperform" rating and a $50.00 target price for the company. Susquehanna cut shares of Affirm from a "positive" rating to a "neutral" rating and set a $57.00 price objective on the stock. in a research report on Tuesday, January 21st. Wells Fargo & Company dropped their target price on Affirm from $85.00 to $67.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, JMP Securities boosted their target price on Affirm from $78.00 to $85.00 and gave the company a "market outperform" rating in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Affirm currently has a consensus rating of "Moderate Buy" and an average price target of $66.74.

Insiders Place Their Bets

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the transaction, the director now directly owns 38,997 shares in the company, valued at $1,785,282.66. The trade was a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keith Rabois sold 16,086 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $60.12, for a total transaction of $967,090.32. Following the sale, the director now owns 77,608 shares of the company's stock, valued at approximately $4,665,792.96. This represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,762 shares of company stock valued at $3,241,246 over the last 90 days. 12.41% of the stock is currently owned by insiders.

Affirm 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.