Airbnb, Inc. $ABNB Shares Bought by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 11.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 829,181 shares of the company’s stock after purchasing an additional 84,591 shares during the period. Airbnb accounts for 1.0% of Amova Asset Management Americas Inc.’s investment portfolio, making the stock its 29th largest holding. Amova Asset Management Americas Inc.’s holdings in Airbnb were worth $100,654,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in Airbnb in the third quarter valued at $25,000. Root Financial Partners LLC purchased a new position in shares of Airbnb in the 3rd quarter valued at about $32,000. NewSquare Capital LLC raised its position in shares of Airbnb by 86.4% during the 2nd quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock worth $38,000 after acquiring an additional 133 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Airbnb by 55.5% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 311 shares of the company’s stock worth $38,000 after acquiring an additional 111 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in Airbnb by 4,255.6% during the third quarter. SJS Investment Consulting Inc. now owns 392 shares of the company’s stock worth $48,000 after purchasing an additional 383 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $135.54 on Thursday. Airbnb, Inc. has a one year low of $99.88 and a one year high of $143.88. The stock has a market capitalization of $82.50 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 1.50 and a beta of 1.12. The company has a 50-day simple moving average of $130.64 and a 200-day simple moving average of $126.44.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The company had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ABNB shares. Citigroup upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 4th. BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a research report on Friday, November 7th. Cantor Fitzgerald set a $121.00 price target on shares of Airbnb in a research note on Friday, February 13th. Wells Fargo & Company upped their price objective on shares of Airbnb from $128.00 to $133.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Finally, UBS Group raised their price objective on Airbnb from $147.00 to $149.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $149.42.

Insider Buying and Selling at Airbnb

In related news, insider Nathan Blecharczyk sold 141,063 shares of Airbnb stock in a transaction on Monday, December 8th. The shares were sold at an average price of $121.96, for a total value of $17,204,043.48. Following the transaction, the insider directly owned 11,520 shares in the company, valued at $1,404,979.20. This trade represents a 92.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian Chesky sold 51,230 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the completion of the transaction, the chief executive officer directly owned 45,854 shares in the company, valued at $6,014,210.64. This represents a 52.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 681,643 shares of company stock worth $87,136,680. 27.91% of the stock is currently owned by insiders.

Airbnb Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.