Morgan Stanley Investment Managem recently announced the acquisition of new stake in Affirm Holdings Inc (NASDAQ:AFRM). The institutional investor has increased its shareholding in the Technology company by 26.00% to 30.45 million shares with purchase of 6.28 million shares. This fresh investment now brings its stake to 12.58% valued currently at $1.5 billion. In addition, Capital Research & Management Co raised its holdings by 2.0 million to 18.78 million shares. And The Vanguard Group, Inc. has lifted its position by 1.14% or 0.21 million shares – to 18.44 million shares.
Currently, there are 237.23M common shares owned by the public and among those 224.83M shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Insiders at the company have transacted a total of 89 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 43 of these insider trades were purchases, accounting for 271,101 shares. Insider sales of the common stock occurred on 46 occasions, with total insider shares sold totaling 317,574 shares.
The top 3 mutual fund holders in Affirm Holdings Inc are American Funds Growth Fund of Ame, American Funds Small Cap World Fu, and Vanguard Total Stock Market ETF. American Funds Growth Fund of Ame owns 20.56 million shares of the company’s stock, all valued at over $1.01 billion. The company sold -0.5 million shares recently to bring their total holdings to about 8.49% of the shares outstanding. Vanguard Total Stock Market ETF bought 0.17 million shares to bring its total holdings to over 6.48 million shares at a value of $318.21 million. Vanguard Total Stock Market ETF now owns shares totaling to 2.68% of the shares outstanding.
However, the script later moved the day high at 42.24, up 5.07%. The company’s stock has a 5-day price change of -1.48% and 124.34% over the past three months. AFRM shares are trading -14.17% year to date (YTD), with the 12-month market performance up to 224.92% higher. It has a 12-month low price of $8.80 and touched a high of $52.48 over the same period. AFRM has an average intraday trading volume of 20.06 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.32%, 12.75%, and 95.69% respectively.
Institutional ownership of Affirm Holdings Inc (NASDAQ: AFRM) shares accounts for 68.41% of the company’s 237.23M shares outstanding. Mutual fund holders own 36.52%, while other institutional holders and individual stakeholders account for 48.80% and 12.07% respectively.
It has a market capitalization of $12.73B and a beta (3y monthly) value of 3.75. The earnings-per-share (ttm) stands at -$3.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.88% over the week and 6.07% over the month.
Analysts forecast that Affirm Holdings Inc (AFRM) will achieve an EPS of $Affirm Holdings, Inc. for the current quarter, $42.17 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Farmer Brothers Company while analysts give the company a high EPS estimate of $Alarm.com Holdings, Inc.. Comparatively, EPS for the current quarter was $Forafric Global PLC a year ago. Earnings per share for the fiscal year are expected to increase by 21.77%, and 22.39% over the next financial year.
Looking at the support for the AFRM, a number of firms have released research notes about the stock. BMO Capital Markets stated their Market Perform rating for the stock in a research note on January 10, 2024, with the firm’s price target at $44.
