AIA Group Ltd Buys 23,800 Shares of Airbnb, Inc. $ABNB

AIA Group Ltd grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 173.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,500 shares of the company’s stock after acquiring an additional 23,800 shares during the period. AIA Group Ltd’s holdings in Airbnb were worth $4,553,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Aster Capital Management DIFC Ltd purchased a new position in Airbnb in the third quarter valued at approximately $25,000. Sunbelt Securities Inc. increased its position in Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after buying an additional 175 shares during the last quarter. Wiser Advisor Group LLC purchased a new stake in Airbnb in the third quarter worth $27,000. Kelleher Financial Advisors bought a new stake in shares of Airbnb in the third quarter valued at $29,000. Finally, Community Bank N.A. bought a new stake in shares of Airbnb in the third quarter valued at $30,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

NASDAQ:ABNB opened at $130.79 on Friday. The business’s fifty day moving average is $129.53 and its 200 day moving average is $126.72. The firm has a market cap of $79.61 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 1.61 and a beta of 1.12. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $143.88.

Airbnb (NASDAQ:ABNBGet Free Report) last issued its earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.10). The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 EPS. Equities analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity

In related news, insider Nathan Blecharczyk sold 4,260 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $125.29, for a total transaction of $533,735.40. Following the sale, the insider owned 49,250 shares of the company’s stock, valued at approximately $6,170,532.50. This represents a 7.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Elinor Mertz sold 3,750 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $130.00, for a total transaction of $487,500.00. Following the completion of the sale, the chief financial officer owned 402,417 shares in the company, valued at $52,314,210. This represents a 0.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 363,510 shares of company stock worth $47,422,070. 27.91% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ABNB. Sanford C. Bernstein cut their price target on Airbnb from $165.00 to $162.00 and set an “outperform” rating for the company in a research note on Tuesday, January 6th. Jefferies Financial Group boosted their price objective on Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Citizens Jmp raised shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a report on Wednesday, February 4th. Barclays increased their target price on shares of Airbnb from $120.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Airbnb in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $147.40.

Read Our Latest Research Report on ABNB

More Airbnb News

Here are the key news stories impacting Airbnb this week:

Airbnb Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNBFree Report).

Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

Receive News & Ratings for Airbnb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airbnb and related companies with MarketBeat.com's FREE daily email newsletter.