Capital International Investors Acquires New Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Capital International Investors bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,642,528 shares of the company's stock, valued at approximately $100,030,000. Capital International Investors owned approximately 0.52% of Affirm as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company's stock worth $32,000 after purchasing an additional 410 shares during the period. R Squared Ltd purchased a new position in Affirm in the fourth quarter worth $33,000. Strategic Investment Solutions Inc. IL acquired a new stake in Affirm in the fourth quarter valued at $43,000. Creative Financial Designs Inc. ADV boosted its position in shares of Affirm by 640.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company's stock worth $45,000 after purchasing an additional 640 shares in the last quarter. Finally, Prestige Wealth Management Group LLC grew its stake in shares of Affirm by 78.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company's stock worth $46,000 after purchasing an additional 332 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Keith Rabois sold 16,086 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $60.12, for a total value of $967,090.32. Following the completion of the transaction, the director now directly owns 77,608 shares of the company's stock, valued at $4,665,792.96. This represents a 17.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christa S. Quarles sold 5,000 shares of Affirm stock in a transaction on Friday, February 14th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the sale, the director now directly owns 137,325 shares in the company, valued at $10,986,000. The trade was a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,762 shares of company stock worth $3,241,246 over the last ninety days. 12.41% of the stock is owned by insiders.

Affirm Stock Up 2.9 %

Shares of AFRM stock traded up $1.36 during trading hours on Thursday, reaching $48.20. The company had a trading volume of 7,757,761 shares, compared to its average volume of 8,341,174. The stock's fifty day simple moving average is $50.76 and its 200 day simple moving average is $56.11. The company has a market capitalization of $15.33 billion, a P/E ratio of -74.15 and a beta of 3.68. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $82.53.

Affirm (NASDAQ:AFRM - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share 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%. As a group, sell-side analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

AFRM has been the topic of a number of research analyst reports. Seaport Res Ptn raised shares of Affirm to a "hold" rating in a report on Monday, March 24th. Royal Bank of Canada raised their price objective on Affirm from $67.00 to $81.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Affirm in a report on Friday, February 7th. Wells Fargo & Company lowered 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 lifted their price target on Affirm from $78.00 to $85.00 and gave the stock a "market outperform" rating in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.74.

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.