Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Capital International Inc. CA

Capital International Inc. CA increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 17.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 70,628 shares of the company’s stock after purchasing an additional 10,708 shares during the period. Capital International Inc. CA’s holdings in Airbnb were worth $11,651,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Airbnb in the 1st quarter valued at $7,628,000. Assenagon Asset Management S.A. grew its holdings in shares of Airbnb by 4.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock valued at $1,119,000 after purchasing an additional 333 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in shares of Airbnb by 18.4% in the fourth quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company’s stock valued at $19,720,000 after purchasing an additional 22,551 shares in the last quarter. Stevens Capital Management LP purchased a new stake in Airbnb during the 4th quarter worth approximately $726,000. Finally, Cerity Partners LLC lifted its holdings in Airbnb by 14.4% during the 4th quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock worth $13,011,000 after buying an additional 12,008 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ABNB. B. Riley Financial started coverage on Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price objective on the stock. UBS Group increased their price target on Airbnb from $143.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Wells Fargo & Company lifted their price objective on Airbnb from $127.00 to $129.00 and gave the company an “underweight” rating in a research note on Tuesday, July 9th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research note on Thursday, May 9th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $155.00 price target (up previously from $145.00) on shares of Airbnb in a research note on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $152.50.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 80,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $149.11, for a total value of $11,928,800.00. Following the sale, the chief technology officer now owns 207,574 shares of the company’s stock, valued at $30,951,359.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 80,000 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $149.11, for a total transaction of $11,928,800.00. Following the completion of the transaction, the chief technology officer now owns 207,574 shares of the company’s stock, valued at $30,951,359.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $162.00, for a total value of $97,200.00. Following the completion of the sale, the chief technology officer now owns 219,904 shares in the company, valued at $35,624,448. The disclosure for this sale can be found here. Insiders sold 736,092 shares of company stock valued at $109,519,936 in the last 90 days. 27.83% of the stock is currently owned by insiders.

Airbnb Price Performance

ABNB traded up $0.07 on Friday, hitting $140.10. 5,101,121 shares of the company were exchanged, compared to its average volume of 4,347,390. Airbnb, Inc. has a fifty-two week low of $113.24 and a fifty-two week high of $170.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market capitalization of $90.23 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 1.78 and a beta of 1.18. The business’s fifty day moving average is $147.78 and its 200 day moving average is $152.14.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The company’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 EPS. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.66 EPS for the current year.

About Airbnb

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.