Rockefeller Capital Management L.P. Lowers Holdings in Affirm Holdings, Inc. $AFRM

Rockefeller Capital Management L.P. reduced its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 20.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,621 shares of the company’s stock after selling 2,785 shares during the period. Rockefeller Capital Management L.P.’s holdings in Affirm were worth $734,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Affirm by 6.7% in the first quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company’s stock worth $1,051,707,000 after acquiring an additional 1,457,434 shares in the last quarter. Durable Capital Partners LP boosted its holdings in Affirm by 12.3% in the first quarter. Durable Capital Partners LP now owns 6,580,882 shares of the company’s stock valued at $297,390,000 after purchasing an additional 722,599 shares during the period. Geode Capital Management LLC grew its stake in Affirm by 5.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,659,287 shares of the company’s stock worth $322,195,000 after purchasing an additional 254,359 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Affirm by 140.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company’s stock worth $205,350,000 after purchasing an additional 2,657,074 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Affirm by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,279,218 shares of the company’s stock valued at $102,998,000 after purchasing an additional 7,160 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AFRM shares. UBS Group boosted their price objective on Affirm from $56.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. lifted their price target on shares of Affirm from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Wall Street Zen upgraded shares of Affirm from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Zacks Research lowered shares of Affirm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, JMP Securities boosted their target price on shares of Affirm from $75.00 to $105.00 and gave the stock a “market outperform” rating in a research note on Friday, August 29th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.57.

Affirm Trading Down 0.0%

Shares of Affirm stock opened at $68.80 on Thursday. The company has a current ratio of 12.80, a quick ratio of 12.80 and a debt-to-equity ratio of 2.40. The company has a fifty day simple moving average of $73.87 and a 200-day simple moving average of $70.20. The stock has a market cap of $22.71 billion, a price-to-earnings ratio of 102.69, a PEG ratio of 3.11 and a beta of 3.57. Affirm Holdings, Inc. has a 12-month low of $30.90 and a 12-month high of $100.00.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. Affirm had a net margin of 6.74% and a return on equity of 7.75%. The firm had revenue of $933.34 million during the quarter, compared to analysts’ expectations of $881.83 million. During the same period in the previous year, the company earned ($0.31) earnings per share. Affirm’s quarterly revenue was up 33.6% compared to the same quarter last year. Affirm has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Max R. Levchin sold 651,713 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $89.27, for a total transaction of $58,178,419.51. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Siphelele Jiyane sold 12,500 shares of Affirm stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $85.42, for a total value of $1,067,750.00. Following the transaction, the chief accounting officer directly owned 213,967 shares in the company, valued at approximately $18,277,061.14. This trade represents a 5.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 795,772 shares of company stock worth $71,270,495. Corporate insiders own 11.01% of the company’s stock.

About Affirm

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.