Teachers Retirement System of The State of Kentucky Has $9.06 Million Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Teachers Retirement System of The State of Kentucky grew its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200,558 shares of the company's stock after purchasing an additional 8,000 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of Affirm worth $9,063,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital Research Global Investors lifted its holdings in shares of Affirm by 2.0% in the 4th quarter. Capital Research Global Investors now owns 24,264,396 shares of the company's stock worth $1,477,747,000 after purchasing an additional 470,409 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Affirm by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company's stock valued at $1,328,568,000 after purchasing an additional 716,574 shares in the last quarter. Capital World Investors increased its stake in Affirm by 0.4% in the 4th quarter. Capital World Investors now owns 18,339,165 shares of the company's stock valued at $1,116,861,000 after buying an additional 72,582 shares during the last quarter. Durable Capital Partners LP boosted its stake in shares of Affirm by 97.3% in the 4th quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company's stock worth $356,769,000 after buying an additional 2,888,827 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. lifted its holdings in Affirm by 11.6% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 5,198,039 shares of the company's stock worth $316,561,000 after acquiring an additional 538,892 shares during the period. Institutional investors own 69.29% of the company's stock.

Insider Activity at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $60.86, for a total transaction of $152,150.00. Following the transaction, the director directly owned 36,497 shares of the company's stock, valued at $2,221,207.42. The trade was a 6.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert O'hare sold 19,802 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $70.03, for a total transaction of $1,386,734.06. The disclosure for this sale can be found here. Insiders sold 96,247 shares of company stock valued at $6,422,823 over the last ninety days. Corporate insiders own 11.82% of the company's stock.

Affirm Stock Down 0.8%

AFRM opened at $68.90 on Monday. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $82.53. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.47 and a current ratio of 11.47. The company has a fifty day moving average of $60.17 and a two-hundred day moving average of $56.57. The stock has a market capitalization of $22.23 billion, a price-to-earnings ratio of -328.10, a PEG ratio of 2.63 and a beta of 3.63.

Affirm (NASDAQ:AFRM - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.10. Affirm had a negative net margin of 2.07% and a negative return on equity of 2.22%. The company had revenue of $783.14 million during the quarter, compared to analysts' expectations of $782.98 million. During the same quarter in the previous year, the company earned ($0.43) earnings per share. The firm's revenue for the quarter was up 35.9% on a year-over-year basis. On average, research analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AFRM. Bank of America boosted their price target on shares of Affirm from $76.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Stephens assumed coverage on Affirm in a research note on Thursday, June 12th. They issued an "equal weight" rating and a $69.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on shares of Affirm from $74.00 to $69.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Wells Fargo & Company lowered their price target on shares of Affirm from $85.00 to $67.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Finally, TD Cowen assumed coverage on shares of Affirm in a report on Tuesday, April 8th. They issued a "buy" rating and a $50.00 price objective for the company. Nine research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $66.71.

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.

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