World Investment Advisors Has $1.42 Million Holdings in Affirm Holdings, Inc. $AFRM

World Investment Advisors decreased its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 34.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,364 shares of the company’s stock after selling 10,272 shares during the quarter. World Investment Advisors’ holdings in Affirm were worth $1,415,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AFRM. AlphaQuest LLC lifted its position in Affirm by 352.6% during the 1st quarter. AlphaQuest LLC now owns 2,815 shares of the company’s stock worth $127,000 after buying an additional 2,193 shares in the last quarter. Comerica Bank grew its holdings in shares of Affirm by 5.5% in the 1st quarter. Comerica Bank now owns 5,513 shares of the company’s stock valued at $249,000 after acquiring an additional 287 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Affirm by 20.0% in the first quarter. Gamco Investors INC. ET AL now owns 12,000 shares of the company’s stock valued at $542,000 after acquiring an additional 2,000 shares during the last quarter. Ieq Capital LLC raised its holdings in Affirm by 15.5% during the first quarter. Ieq Capital LLC now owns 34,874 shares of the company’s stock worth $1,576,000 after acquiring an additional 4,675 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in Affirm during the first quarter valued at approximately $388,000. Institutional investors own 69.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on AFRM shares. Royal Bank Of Canada lowered their price target on Affirm from $97.00 to $87.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Morgan Stanley decreased their target price on shares of Affirm from $90.00 to $83.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Evercore ISI reaffirmed an “outperform” rating on shares of Affirm in a research report on Tuesday, December 16th. The Goldman Sachs Group decreased their price objective on shares of Affirm from $105.00 to $94.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Citigroup upgraded shares of Affirm to a “strong-buy” rating in a research note on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $86.57.

Affirm Trading Down 0.2%

AFRM stock opened at $75.81 on Friday. Affirm Holdings, Inc. has a one year low of $30.90 and a one year high of $100.00. The stock has a market cap of $25.02 billion, a price-to-earnings ratio of 113.15, a price-to-earnings-growth ratio of 3.44 and a beta of 3.57. The company has a fifty day moving average price of $71.30 and a two-hundred day moving average price of $73.01. The company has a debt-to-equity ratio of 2.40, a current ratio of 12.80 and a quick ratio of 12.80.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.12. The company had revenue of $933.34 million for the quarter, compared to analyst estimates of $881.83 million. Affirm had a net margin of 6.74% and a return on equity of 7.75%. The company’s revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.31) earnings per share. Equities analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insiders Place Their Bets

In other Affirm news, CFO Robert O’hare sold 8,189 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $70.00, for a total transaction of $573,230.00. Following the completion of the sale, the chief financial officer directly owned 1,368 shares in the company, valued at $95,760. This trade represents a 85.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.01% of the stock is currently owned by corporate insiders.

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.