Sora Investors LLC Decreases Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Sora Investors LLC decreased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 73.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,750 shares of the company’s stock after selling 51,250 shares during the quarter. Sora Investors LLC’s holdings in Affirm were worth $1,142,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AFRM. Capital Research Global Investors grew its stake in shares of Affirm by 2.0% during 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 during the period. Vanguard Group Inc. grew its position in Affirm by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company’s stock worth $1,328,568,000 after buying an additional 716,574 shares during the period. Capital World Investors increased its holdings in Affirm by 0.4% in the fourth 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 in the last quarter. Durable Capital Partners LP lifted its position in shares of Affirm by 97.3% during the 4th quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company’s stock valued at $356,769,000 after acquiring an additional 2,888,827 shares during the period. Finally, Jericho Capital Asset Management L.P. boosted its stake in shares of Affirm by 11.6% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Stock Performance

Shares of AFRM stock opened at $51.75 on Friday. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. The company has a market cap of $16.46 billion, a PE ratio of -79.62 and a beta of 3.66. The company’s fifty day simple moving average is $46.54 and its 200-day simple moving average is $56.94. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.10. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. The company had revenue of $783.14 million for the quarter, compared to analysts’ expectations of $782.98 million. During the same quarter in the previous year, the firm posted ($0.43) earnings per share. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. As a group, equities research analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AFRM shares. JMP Securities decreased their target price on Affirm from $85.00 to $75.00 and set a “market outperform” rating on the stock in a research report on Friday, May 9th. Royal Bank of Canada increased their price objective on shares of Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Evercore ISI initiated coverage on shares of Affirm in a report on Wednesday, April 9th. They issued an “outperform” rating and a $50.00 price target on the stock. Susquehanna raised Affirm from a “neutral” rating to a “positive” rating and set a $65.00 target price on the stock in a research note on Friday, May 9th. Finally, Bank of America increased their price objective on Affirm from $76.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.05.

Insider Transactions at Affirm

In related news, Director Keith Rabois sold 16,088 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the sale, the director now owns 61,520 shares in the company, valued at $3,935,434.40. This represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $45.78, for a total transaction of $114,450.00. Following the completion of the transaction, the director now directly owns 38,997 shares in the company, valued at $1,785,282.66. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,765 shares of company stock valued at $2,694,694. Corporate insiders own 12.41% of the company’s stock.

Affirm 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.