Dimensional Fund Advisors LP Has $72.10 Million Holdings in Affirm Holdings, Inc. $AFRM

Dimensional Fund Advisors LP raised its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 11.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,574,660 shares of the company’s stock after buying an additional 166,252 shares during the period. Dimensional Fund Advisors LP’s holdings in Affirm were worth $72,100,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AFRM. SBI Securities Co. Ltd. grew its holdings in Affirm by 83.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 48,504 shares of the company’s stock worth $3,610,000 after buying an additional 22,054 shares in the last quarter. Capelight Capital Asset Management LP acquired a new position in Affirm during the 4th quarter worth $4,912,000. Geode Capital Management LLC boosted its position in Affirm by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 5,501,387 shares of the company’s stock worth $408,433,000 after acquiring an additional 329,312 shares during the period. 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 worth $1,849,378,000 after purchasing an additional 428,138 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Affirm by 25.4% in the fourth quarter. Legal & General Group Plc now owns 605,521 shares of the company’s stock worth $45,069,000 after purchasing an additional 122,584 shares in the last quarter. 69.29% of the stock is owned by institutional investors.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $71.51 on Friday. The company has a market capitalization of $23.95 billion, a PE ratio of 65.01, a price-to-earnings-growth ratio of 2.98 and a beta of 3.67. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32. The stock has a fifty day moving average of $74.54 and a 200-day moving average of $63.42. Affirm Holdings, Inc. has a one year low of $42.10 and a one year high of $100.00.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. The business had revenue of $943.95 million for the quarter, compared to analysts’ expectations of $995.27 million. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The company’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 EPS. As a group, equities analysts anticipate that Affirm Holdings, Inc. will post 1.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Affirm from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Bank of America raised their target price on shares of Affirm from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Wells Fargo & Company boosted their price target on shares of Affirm from $89.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. upped their price target on shares of Affirm from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Finally, BMO Capital Markets initiated coverage on shares of Affirm in a research note on Tuesday, April 21st. They set an “outperform” rating and a $75.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.74.

Insider Transactions at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $130,000.00. Following the completion of the transaction, the director directly owned 36,076 shares in the company, valued at $2,344,940. This trade represents a 5.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Michael Linford sold 100,000 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $80.04, for a total transaction of $8,004,000.00. Following the completion of the transaction, the chief operating officer owned 117,984 shares of the company’s stock, valued at approximately $9,443,439.36. The trade was a 45.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.