Amundi Has $17.76 Million Stock Position in Affirm Holdings, Inc. $AFRM

Key Points

• Amundi reduced its stake in Affirm Holdings by 34.9%, owning approximately $17.76 million worth of shares after selling 210,456 shares in the first quarter.
• Affirm's stock price fell to $81.41, down $3.46, and it has reported a net revenue increase of 32.9% year-over-year, surpassing analysts' expectations with $876.42 million in revenue for the latest quarter.
• Insider trading activity included CFO Robert O'hare selling 77,800 shares for over $6 million, while corporate insiders have sold a total of 1.26 million shares valued at $101 million over the last 90 days.

Amundi lowered its position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 34.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392,981 shares of the company's stock after selling 210,456 shares during the quarter. Amundi owned approximately 0.12% of Affirm worth $17,759,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Affirm by 140.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company's stock worth $205,350,000 after acquiring an additional 2,657,074 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Affirm by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company's stock worth $1,051,707,000 after acquiring an additional 1,457,434 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Affirm during the 4th quarter worth about $76,738,000. Lord Abbett & CO. LLC boosted its stake in shares of Affirm by 1,137.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,282,663 shares of the company's stock worth $57,964,000 after acquiring an additional 1,179,016 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Affirm during the 1st quarter worth about $45,133,000. Hedge funds and other institutional investors own 69.29% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Affirm from $91.00 to $94.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Redburn Atlantic raised Affirm to a "hold" rating in a research report on Friday, August 1st. Citigroup reissued an "outperform" rating on shares of Affirm in a research report on Friday, August 29th. Deutsche Bank Aktiengesellschaft began coverage on Affirm in a research report on Thursday, July 17th. They set a "buy" rating and a $78.00 price objective for the company. Finally, Wall Street Zen raised Affirm from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat.com, Affirm presently has a consensus rating of "Moderate Buy" and an average price target of $80.04.

Affirm Price Performance

NASDAQ AFRM traded up $2.53 during trading hours on Friday, reaching $83.94. 4,942,295 shares of the company's stock were exchanged, compared to its average volume of 7,463,276. The stock has a market cap of $27.33 billion, a PE ratio of 644.72, a price-to-earnings-growth ratio of 5.51 and a beta of 3.64. Affirm Holdings, Inc. has a one year low of $30.90 and a one year high of $100.00. The firm has a fifty day moving average of $74.61 and a 200-day moving average of $59.91. The company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 2.55.

Affirm (NASDAQ:AFRM - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.09. The business had revenue of $876.42 million for the quarter, compared to analyst estimates of $834.94 million. Affirm had a return on equity of 1.80% and a net margin of 1.62%.Affirm's revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.14) EPS. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities research analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Transactions at Affirm

In other Affirm news, COO Michael Linford sold 184,200 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $80.09, for a total value of $14,752,578.00. Following the transaction, the chief operating officer directly owned 109,840 shares in the company, valued at approximately $8,797,085.60. This trade represents a 62.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert O'hare sold 77,800 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $80.09, for a total value of $6,231,002.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,260,497 shares of company stock worth $101,241,354. Corporate insiders own 11.82% of the company's stock.

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.