Amanah Holdings Trust Invests $35.86 Million in Affirm Holdings, Inc. $AFRM

Key Points

• Amanah Holdings Trust acquired 519,230 shares of Affirm Holdings, Inc. for approximately $35.86 million, making it the trust's 5th largest holding.
• Affirm's Q2 earnings surpassed expectations, reporting $0.20 EPS compared to analysts' estimates of $0.11, with revenue up 32.9% year-over-year.
• Insider selling was significant, with CEO Max R. Levchin selling 499,223 shares for over $40 million, contributing to a total of 1.26 million shares sold by insiders in the last quarter.

Amanah Holdings Trust bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 519,230 shares of the company's stock, valued at approximately $35,863,000. Affirm accounts for about 8.9% of Amanah Holdings Trust's portfolio, making the stock its 5th largest holding. Amanah Holdings Trust owned about 0.16% of Affirm as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AFRM. Price T Rowe Associates Inc. MD raised its stake in shares of Affirm by 140.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company's stock valued at $205,350,000 after acquiring an additional 2,657,074 shares during the period. Vanguard Group Inc. raised 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 acquiring an additional 1,457,434 shares during the period. Voloridge Investment Management LLC purchased a new position in shares of Affirm in the 4th quarter valued at $76,738,000. Lord Abbett & CO. LLC raised its stake in shares of Affirm by 1,137.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,282,663 shares of the company's stock valued at $57,964,000 after acquiring an additional 1,179,016 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Affirm in the 1st quarter valued at $45,133,000. Hedge funds and other institutional investors own 69.29% of the company's stock.

Affirm Stock Down 0.5%

AFRM stock traded down $0.49 during mid-day trading on Thursday, hitting $89.91. 5,065,953 shares of the company were exchanged, compared to its average volume of 7,473,162. The company has a market capitalization of $29.28 billion, a PE ratio of 691.67, a price-to-earnings-growth ratio of 5.84 and a beta of 3.64. 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 Holdings, Inc. has a twelve month low of $30.90 and a twelve month high of $100.00. The firm has a fifty day simple moving average of $76.12 and a 200 day simple moving average of $60.59.

Affirm (NASDAQ:AFRM - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $834.94 million. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The firm's revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period last year, the business earned ($0.14) EPS. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, research analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AFRM shares. Bank of America lifted their price target on shares of Affirm from $90.00 to $94.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Mizuho lifted their price target on shares of Affirm from $70.00 to $108.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 2nd. Barclays lifted their price target 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. Rothschild & Co Redburn started coverage on shares of Affirm in a research note on Friday, August 1st. They set a "neutral" rating and a $74.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Affirm from $91.00 to $94.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.04.

Insiders Place Their Bets

In other news, CEO Max R. Levchin sold 499,223 shares of Affirm stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $80.17, for a total value of $40,022,707.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert O'hare sold 77,800 shares of Affirm stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $80.09, for a total transaction of $6,231,002.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,270,497 shares of company stock worth $102,156,954. Corporate insiders own 11.82% of the company's stock.

About Affirm

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.