KBC Group NV Acquires 176,399 Shares of Affirm Holdings, Inc. $AFRM

Key Points

• KBC Group NV boosted its stake in Affirm by 979.6%, buying 176,399 shares to hold 194,406 shares (about 0.06% of the company) valued at $14.47 million; institutional investors now own 69.29% of AFRM.
• Affirm beat quarterly estimates—$0.37 EPS vs. $0.28 expected and $1.12B revenue (up 29.6% year-over-year)—but trades at a rich valuation (PE ~79.6) with high volatility.
• Analyst coverage is mixed but leans positive (consensus "Moderate Buy" and $84.17 price target); Morgan Stanley named Affirm a "Top Pick" and the May 7 investor/earnings event is a near-term catalyst.

KBC Group NV increased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 979.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 194,406 shares of the company's stock after buying an additional 176,399 shares during the period. KBC Group NV owned about 0.06% of Affirm worth $14,470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Affirm by 0.9% in the third quarter. Vanguard Group Inc. now owns 24,419,068 shares of the company's stock worth $1,784,545,000 after buying an additional 223,258 shares in the last quarter. Durable Capital Partners LP increased its position in shares of Affirm by 12.3% during the second quarter. Durable Capital Partners LP now owns 7,389,337 shares of the company's stock worth $510,899,000 after purchasing an additional 808,455 shares in the last quarter. State Street Corp increased its position in shares of Affirm by 26.7% during the third quarter. State Street Corp now owns 5,641,965 shares of the company's stock worth $412,315,000 after purchasing an additional 1,187,665 shares in the last quarter. Invesco Ltd. increased its position in shares of Affirm by 294.2% during the third quarter. Invesco Ltd. now owns 4,333,691 shares of the company's stock worth $316,706,000 after purchasing an additional 3,234,260 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of Affirm by 68.9% during the third quarter. Qube Research & Technologies Ltd now owns 2,146,092 shares of the company's stock worth $156,836,000 after purchasing an additional 875,813 shares in the last quarter. Institutional investors own 69.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AFRM shares. The Goldman Sachs Group downgraded Affirm from a "buy" rating to a "hold" rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. reduced their price target on Affirm from $94.00 to $79.00 and set an "overweight" rating on the stock in a research report on Friday, February 6th. Truist Financial reduced their price target on Affirm from $85.00 to $71.00 and set a "buy" rating on the stock in a research report on Friday, February 20th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $85.00 price target on shares of Affirm in a research report on Monday, February 9th. Finally, Mizuho reduced their price target on Affirm from $114.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $84.17.

Affirm Price Performance

Shares of AFRM opened at $64.50 on Friday. The firm has a market capitalization of $21.49 billion, a PE ratio of 79.63, a price-to-earnings-growth ratio of 4.17 and a beta of 3.63. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41. Affirm Holdings, Inc. has a 1-year low of $39.42 and a 1-year high of $100.00. The company's fifty day moving average price is $49.54 and its 200-day moving average price is $64.03.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.09. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The business's quarterly revenue was up 29.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 earnings per share. On average, equities research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Buying and Selling at Affirm

In other news, Director Noel Bertram Watson sold 2,000 shares of the business's stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $55.00, for a total transaction of $110,000.00. Following the sale, the director directly owned 38,076 shares of the company's stock, valued at $2,094,180. The trade was a 4.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is owned by company insiders.

Key Headlines Impacting Affirm

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Morgan Stanley named Affirm a Top Pick, arguing private-credit concerns are overdone and flagging an important May investor event as a potential catalyst; that upgrade is the primary driver of buying interest today. Morgan Stanley Top Pick Coverage: Schaeffers
• Positive Sentiment: Barron's explains Morgan Stanley's call and highlights the upcoming investor event in May — that event is being treated as a potential turning point for sentiment and could amplify any positive guidance or credit commentary. Barron's Article
• Neutral Sentiment: Affirm confirmed it will release fiscal Q3 2026 results and host an investor call on May 7 — a concrete near-term catalyst that could validate Morgan Stanley's thesis or re-open debate on credit trends. Earnings Release / Event
• Neutral Sentiment: Citizens JMP cut its price target from $105 to $85 but kept a "market outperform" rating, implying upside remains from current levels despite a more conservative valuation. That mixed signal can keep trading volatile. Benzinga Note
• Neutral Sentiment: Analyst coverage remains mixed overall — many buy ratings and several holds; consensus price target sits materially above today's quote, which supports the case for further upside if company execution and credit metrics hold. MarketBeat Coverage
• Negative Sentiment: Director Noel Bertram Watson sold 2,000 shares under a pre‑arranged 10b5‑1 plan (avg $55), a disclosed insider sale that some investors view as a minor negative signal despite being pre‑planned. Insider Trade Filing

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.

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