Hsbc Holdings PLC Sells 15,246 Shares of Affirm Holdings, Inc. $AFRM

Key Points

• Hsbc Holdings PLC reduced its stake in Affirm Holdings, Inc. by 73.2%, selling 15,246 shares and leaving it with 5,582 shares valued at $253,000.
• Affirm announced a strong earnings report, with a revenue increase of 32.9% year-over-year and an EPS of $0.20, beating the consensus estimate of $0.11.
• Analyst ratings for Affirm indicate positive sentiment, with one Strong Buy, eighteen Buy, and eleven Hold ratings, leading to a consensus price target of $79.04.

Hsbc Holdings PLC reduced its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 73.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,582 shares of the company's stock after selling 15,246 shares during the period. Hsbc Holdings PLC's holdings in Affirm were worth $253,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP raised its position in Affirm by 148.2% during the first quarter. Quantbot Technologies LP now owns 78,110 shares of the company's stock valued at $3,530,000 after purchasing an additional 46,645 shares in the last quarter. Oder Investment Management LLC raised its position in Affirm by 4.8% during the first quarter. Oder Investment Management LLC now owns 7,396 shares of the company's stock valued at $334,000 after purchasing an additional 339 shares in the last quarter. American Century Companies Inc. raised its position in Affirm by 59.7% during the first quarter. American Century Companies Inc. now owns 152,245 shares of the company's stock valued at $6,880,000 after purchasing an additional 56,921 shares in the last quarter. Liontrust Investment Partners LLP raised its position in Affirm by 60.8% during the first quarter. Liontrust Investment Partners LLP now owns 112,150 shares of the company's stock valued at $5,068,000 after purchasing an additional 42,414 shares in the last quarter. Finally, Fox Run Management L.L.C. raised its position in Affirm by 53.1% during the first quarter. Fox Run Management L.L.C. now owns 9,964 shares of the company's stock valued at $450,000 after purchasing an additional 3,457 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Trading Down 2.6%

Shares of Affirm stock traded down $2.31 during trading on Friday, hitting $87.35. The company's stock had a trading volume of 9,262,357 shares, compared to its average volume of 9,298,591. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54. Affirm Holdings, Inc. has a 52 week low of $30.90 and a 52 week high of $100.00. The stock has a market cap of $28.18 billion, a price-to-earnings ratio of 671.97, a price-to-earnings-growth ratio of 5.69 and a beta of 3.64. The stock has a 50-day moving average price of $73.27 and a two-hundred day moving average price of $59.41.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.09. The company had revenue of $876.42 million for the quarter, compared to analysts' expectations of $834.94 million. Affirm had a net margin of 1.62% and a return on equity of 1.80%. Affirm's revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities research analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Analyst Ratings Changes

AFRM has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price objective on shares of Affirm from $45.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, May 12th. JMP Securities boosted their target price on shares of Affirm from $75.00 to $105.00 and gave the stock a "market outperform" rating in a research note on Friday, August 29th. Needham & Company LLC reaffirmed a "hold" rating on shares of Affirm in a research note on Wednesday, July 2nd. Jefferies Financial Group boosted their target price on shares of Affirm from $82.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Finally, Barclays boosted their target price on shares of Affirm from $67.00 to $80.00 and gave the stock an "overweight" rating in a research note on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $79.04.

Insider Buying and Selling at Affirm

In other Affirm news, CEO Max R. Levchin sold 499,223 shares of the company's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $80.17, for a total transaction of $40,022,707.91. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Christa S. Quarles sold 15,000 shares of Affirm stock in a transaction on Friday, August 29th. The shares were sold at an average price of $93.00, for a total transaction of $1,395,000.00. Following the completion of the sale, the director directly owned 122,241 shares of the company's stock, valued at approximately $11,368,413. The trade was a 10.93% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,234,964 shares of company stock valued at $98,925,256. 11.82% of the stock is owned by corporate insiders.

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.