Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by AIA Group Ltd

AIA Group Ltd grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,501 shares of the company’s stock after acquiring an additional 1,425 shares during the quarter. AIA Group Ltd’s holdings in Airbnb were worth $3,487,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Csenge Advisory Group acquired a new position in Airbnb during the 1st quarter valued at approximately $303,000. Empirical Finance LLC acquired a new position in shares of Airbnb in the 1st quarter valued at $339,000. Envestnet Portfolio Solutions Inc. raised its stake in Airbnb by 45.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 25,021 shares of the company’s stock worth $4,127,000 after acquiring an additional 7,849 shares during the last quarter. Empowered Funds LLC lifted its position in Airbnb by 138.4% during the 1st quarter. Empowered Funds LLC now owns 10,271 shares of the company’s stock worth $1,694,000 after acquiring an additional 5,962 shares during the period. Finally, Oppenheimer & Co. Inc. grew its stake in Airbnb by 12.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 29,375 shares of the company’s stock valued at $4,846,000 after purchasing an additional 3,278 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 11,635 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the completion of the sale, the director now owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Airbnb news, Director Joseph Gebbia sold 11,635 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the transaction, the director now owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the sale, the chief technology officer now owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 417,806 shares of company stock valued at $51,809,831. Corporate insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a report on Wednesday, August 7th. TD Cowen decreased their price objective on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. BMO Capital Markets cut their price objective on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Sanford C. Bernstein decreased their target price on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday, September 17th. Finally, UBS Group upped their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $136.65.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $147.37 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The firm has a market capitalization of $94.56 billion, a PE ratio of 20.05, a P/E/G ratio of 1.93 and a beta of 1.15. The business’s 50 day moving average price is $128.79 and its 200-day moving average price is $137.88.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the firm earned $0.98 EPS. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, equities research analysts expect that Airbnb, Inc. will post 4.17 earnings per share for the current fiscal 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.