Charles Schwab Investment Management Inc. Has $103 Million Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Charles Schwab Investment Management Inc. grew its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 0.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,279,218 shares of the company’s stock after purchasing an additional 7,160 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.72% of Affirm worth $102,998,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AFRM. Durable Capital Partners LP lifted its stake in shares of Affirm by 97.3% in the 4th quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company’s stock valued at $356,769,000 after purchasing an additional 2,888,827 shares during the period. Capital International Investors acquired a new position in shares of Affirm in the 4th quarter valued at $100,030,000. Vanguard Group Inc. lifted its stake in shares of Affirm by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company’s stock valued at $1,051,707,000 after purchasing an additional 1,457,434 shares during the period. Foxhaven Asset Management LP acquired a new position in shares of Affirm in the 4th quarter valued at $80,917,000. Finally, Voloridge Investment Management LLC acquired a new stake in Affirm during the 4th quarter worth $76,738,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Buying and Selling

In related news, CAO Siphelele Jiyane sold 15,871 shares of Affirm 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 completion of the transaction, the chief accounting officer owned 242,192 shares in the company, valued at approximately $18,164,400. This trade represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert O’hare sold 19,802 shares of Affirm stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $70.03, for a total value of $1,386,734.06. The disclosure for this sale can be found here. Insiders have sold 163,114 shares of company stock worth $11,825,169 over the last three months. Company insiders own 11.82% of the company’s stock.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $76.89 on Wednesday. The stock has a market capitalization of $24.80 billion, a price-to-earnings ratio of -366.14, a PEG ratio of 2.70 and a beta of 3.63. The business has a 50-day moving average of $66.53 and a 200-day moving average of $58.00. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.47 and a quick ratio of 11.47. Affirm Holdings, Inc. has a fifty-two week low of $25.35 and a fifty-two week high of $82.53.

Wall Street Analysts Forecast Growth

AFRM has been the topic of several research analyst reports. Susquehanna raised their price objective on Affirm from $65.00 to $76.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Stephens initiated coverage on Affirm in a research note on Thursday, June 12th. They set an “equal weight” rating and a $69.00 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Affirm in a research note on Thursday, July 17th. They set a “buy” rating and a $78.00 price objective on the stock. Barclays raised their price objective on Affirm from $67.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, June 30th. Finally, Royal Bank Of Canada raised their price objective on Affirm from $70.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 8th. Ten equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.09.

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.