Lone Pine Capital 13F: Exits Affirm (AFRM) Stake

Lone Pine Capital Clears Out Affirm Stake

Lone Pine Capital completely exited its investment in Affirm Holdings, Inc. (NasdaqGS: AFRM), according to a Form 13F filing with the SEC covering holdings through May 15, 2026. The fund sold out its entire holding of 3,817,170 shares, bringing its position down to zero. Because 13F filings look backward at portfolio snapshots, this report reflects the fund's holdings at that point in time and may not reflect its current strategy.

Affirm Stock Trades Above Moving Averages

Affirm shares trade around $81.74, placing the stock well above its 50-day moving average of $73.81 and its 200-day moving average of $66.81. The company has a 52-week low of $42.10 and a 52-week high of $90.44. With a forward P/E ratio of 15.14, the valuation reflects the recent growth in the point-of-sale lending market.

Insider Buying and Selling at Affirm Holdings, Inc.

Chief Operating Officer Michael Linford made two separate transactions involving 100,000 shares each on June 26, 2026. He acquired 100,000 shares at a price of $5.39 worth $539,000, and also disposed of 100,000 shares at a price of $0.0.

Analysts Set New Price Targets

Wall Street firms continue to monitor the credit services provider closely. On October 13, 2026, Goldman Sachs maintained its Buy rating while lowering its price target to $103.0 from $115.0. On October 6, 2026, TD Cowen kept a Buy rating and moved its target from $124.0 to $110.0. Freedom Capital Markets maintained a Buy rating with a $105.0 target on October 1, 2026, and Citizens reiterated a Market Outperform rating at $85.0 on September 16, 2026. Wolfe Research upgraded the stock to Outperform with a $90.0 target on September 14, 2026. Loop Capital initiated coverage with a Buy rating and a $105.0 target on September 9, 2026, followed by Truist Securities maintaining a Buy rating at $85.0 on September 3, 2026, and Scotiabank initiating a Sector Outperform rating with a $95.0 target on September 2, 2026. Across 32 analysts, the consensus recommendation stands at a buy with a mean price target of $98.59.

Understanding Affirm Holdings

Affirm Holdings operates a digital payment network across the United States, Canada, and other international markets, offering pay-over-time solutions at checkout for consumers and merchants. The company partners with originating banks and capital markets to let shoppers pay for purchases over time across various retail categories, including electronics, fashion, and travel. Founded in 2012, the firm is headquartered in San Francisco, California.

What to Watch at Affirm Holdings, Inc.

Investors tracking Affirm will look ahead to the company's next earnings report, scheduled for November 5, 2026. Future institutional filings will reveal whether other large asset managers adjusted their holdings in the credit services firm during subsequent quarters.