Amundi Boosts Holdings in Airbnb, Inc. $ABNB

Amundi boosted its position in Airbnb, Inc. (NASDAQ:ABNB) by 112.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,670,251 shares of the company’s stock after purchasing an additional 1,412,608 shares during the period. Amundi’s holdings in Airbnb were worth $361,525,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of ABNB. Kentucky Trust Co purchased a new position in Airbnb during the 2nd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after acquiring an additional 83 shares during the last quarter. Concord Wealth Partners bought a new stake in Airbnb in the second quarter worth $28,000. Whipplewood Advisors LLC boosted its holdings in Airbnb by 235.3% during the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after acquiring an additional 160 shares during the period. Finally, Armstrong Advisory Group Inc. grew its holdings in Airbnb by 363.6% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $118.47, for a total value of $6,871,260.00. Following the transaction, the director owned 692,015 shares in the company, valued at $81,983,017.05. The trade was a 7.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 549 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $116.04, for a total transaction of $63,705.96. Following the sale, the chief technology officer directly owned 187,686 shares of the company’s stock, valued at $21,779,083.44. The trade was a 0.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,575,867 shares of company stock valued at $190,875,764. Company insiders own 27.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Zacks Research upgraded Airbnb to a “hold” rating in a report on Tuesday, August 12th. BTIG Research restated a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. DA Davidson reissued a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research report on Friday. BNP Paribas assumed coverage on shares of Airbnb in a report on Monday, November 24th. They set a “hold” rating on the stock. Finally, BNP Paribas Exane assumed coverage on Airbnb in a research report on Monday, November 24th. They set a “neutral” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and an average target price of $143.88.

Airbnb Stock Up 2.9%

ABNB stock opened at $124.32 on Friday. The stock has a market capitalization of $76.53 billion, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 2.12 and a beta of 1.11. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The firm’s fifty day simple moving average is $121.53 and its two-hundred day simple moving average is $127.48.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.13 EPS. As a group, equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.