Vanguard Group Inc. Has $1.05 Billion Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Vanguard Group Inc. lifted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 6.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,272,997 shares of the company’s stock after purchasing an additional 1,457,434 shares during the period. Vanguard Group Inc. owned 7.32% of Affirm worth $1,051,707,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP grew its holdings in Affirm by 63.7% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company’s stock worth $27,000 after acquiring an additional 219 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Affirm during the 4th quarter worth $28,000. Coppell Advisory Solutions LLC acquired a new stake in Affirm during the 4th quarter worth $40,000. Strategic Investment Solutions Inc. IL acquired a new stake in Affirm during the 4th quarter worth $43,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Affirm by 3,637.8% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,383 shares of the company’s stock worth $62,000 after acquiring an additional 1,346 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $72.97 on Tuesday. The firm has a market cap of $23.54 billion, a PE ratio of -347.48, a PEG ratio of 2.68 and a beta of 3.63. The company has a current ratio of 11.47, a quick ratio of 11.47 and a debt-to-equity ratio of 2.55. Affirm Holdings, Inc. has a 1-year low of $24.67 and a 1-year high of $82.53. The company has a fifty day moving average price of $66.09 and a 200 day moving average price of $57.87.

Insider Activity

In other Affirm news, CFO Robert O’hare sold 19,802 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $70.03, for a total transaction of $1,386,734.06. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Siphelele Jiyane sold 15,871 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $75.00, for a total transaction of $1,190,325.00. Following the sale, the chief accounting officer directly owned 242,192 shares in the company, valued at $18,164,400. This trade represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,114 shares of company stock worth $11,825,169. 11.82% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on AFRM. JMP Securities lowered their target price on shares of Affirm from $85.00 to $75.00 and set a “market outperform” rating for the company in a report on Friday, May 9th. BTIG Research lowered shares of Affirm from a “buy” rating to a “neutral” rating in a report on Monday, July 14th. Truist Financial lifted their target price on shares of Affirm from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Susquehanna boosted their price target on shares of Affirm from $65.00 to $76.00 and gave the company a “positive” rating in a report on Wednesday, July 23rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Affirm in a report on Wednesday, July 2nd. Ten analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Affirm presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.09.

Affirm Company 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.