Airbnb, Inc. $ABNB Shares Bought by Andra AP fonden

Andra AP fonden raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 15.2% during the 1st quarter, Holdings Channel reports. The firm owned 101,030 shares of the company’s stock after buying an additional 13,330 shares during the quarter. Andra AP fonden’s holdings in Airbnb were worth $12,758,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Transamerica Financial Advisors LLC lifted its holdings in Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. ORG Partners LLC grew its holdings in shares of Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after buying an additional 96 shares in the last quarter. Entrust Financial LLC purchased a new stake in shares of Airbnb during the fourth quarter worth $27,000. Aventura Private Wealth LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at about $29,000. Finally, Meeder Asset Management Inc. raised its position in shares of Airbnb by 96.3% in the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after buying an additional 105 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on ABNB shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $173.00 price objective on shares of Airbnb in a report on Thursday, May 21st. Wedbush started coverage on Airbnb in a report on Thursday, July 16th. They set a “neutral” rating and a $152.00 target price on the stock. Oppenheimer upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price target for the company in a research report on Monday, May 4th. Jefferies Financial Group lifted their price objective on Airbnb from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, CICC Research started coverage on Airbnb in a research note on Friday, June 5th. They set an “outperform” rating and a $165.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $159.65.

Insider Buying and Selling at Airbnb

In related news, CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $148.01, for a total value of $555,037.50. Following the completion of the transaction, the chief financial officer directly owned 445,290 shares in the company, valued at approximately $65,907,372.90. This trade represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 13,615 shares of Airbnb stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $148.37, for a total value of $2,020,057.55. Following the completion of the transaction, the insider owned 81,677 shares of the company’s stock, valued at $12,118,416.49. The trade was a 14.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,231,864 shares of company stock valued at $308,474,278 over the last three months. 27.21% of the stock is currently owned by company insiders.

Airbnb Trading Down 0.6%

NASDAQ ABNB opened at $144.10 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market capitalization of $86.85 billion, a P/E ratio of 35.49, a PEG ratio of 1.55 and a beta of 1.14. The firm’s 50-day moving average is $139.46 and its two-hundred day moving average is $134.52. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $150.88.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the company posted $0.24 EPS. Airbnb’s revenue was up 17.9% on a year-over-year basis. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.92 earnings per share for the current year.

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.