PFA Pension Forsikringsaktieselskab Acquires Shares of 106,844 Affirm Holdings, Inc. $AFRM

Key Points

• PFA Pension Forsikringsaktieselskab opened a new position in Affirm in Q4, purchasing 106,844 shares valued at about $8.1 million.
• Institutional ownership is high at 69.29%, with large managers such as Vanguard (24.85M shares), Durable Capital, State Street and Invesco notably increasing their stakes in recent quarters.
• Analysts' consensus is a Moderate Buy with an average target of $83.76, and Affirm recently beat quarterly EPS and revenue estimates (EPS $0.37 vs $0.28; revenue $1.12B, +29.6% YoY).

PFA Pension Forsikringsaktieselskab bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 106,844 shares of the company's stock, valued at approximately $8,104,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AFRM. Vanguard Group Inc. grew its stake in shares of Affirm by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 24,847,206 shares of the company's stock valued at $1,849,378,000 after acquiring an additional 428,138 shares in the last quarter. Durable Capital Partners LP increased its holdings 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 during the period. State Street Corp raised its holdings in Affirm by 26.7% in the 3rd quarter. State Street Corp now owns 5,641,965 shares of the company's stock valued at $412,315,000 after acquiring an additional 1,187,665 shares in the last quarter. Invesco Ltd. lifted its position in shares of Affirm by 294.2% during the 3rd quarter. Invesco Ltd. now owns 4,333,691 shares of the company's stock valued at $316,706,000 after acquiring an additional 3,234,260 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in shares of Affirm by 68.9% in 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 during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Affirm from $94.00 to $79.00 and set an "overweight" rating for the company in a report on Friday, February 6th. Needham & Company LLC lowered their price target on shares of Affirm from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday, February 6th. Bank of America initiated coverage on Affirm in a research report on Thursday, March 5th. They issued a "buy" rating and a $82.00 target price for the company. Royal Bank Of Canada dropped their price objective on shares of Affirm from $87.00 to $77.00 and set a "sector perform" rating for the company in a report on Friday, February 6th. Finally, Zacks Research downgraded Affirm from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $83.76.

Affirm Stock Down 0.7%

Shares of Affirm stock opened at $67.08 on Tuesday. The firm has a market cap of $22.35 billion, a price-to-earnings ratio of 82.81, a PEG ratio of 4.72 and a beta of 3.72. Affirm Holdings, Inc. has a one year low of $42.10 and a one year high of $100.00. The stock's 50-day moving average is $51.59 and its 200 day moving average is $63.23. 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 (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.28 by $0.09. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The company's quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. Equities research analysts anticipate that Affirm Holdings, Inc. will post 1.08 EPS for the current year.

Insider Buying and Selling

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $55.00, for a total value of $110,000.00. Following the completion of the sale, the director owned 38,076 shares of the company's stock, valued at approximately $2,094,180. This trade represents a 4.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.01% of the company's stock.

Affirm Profile

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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