Worldquant Millennium Advisors LLC Acquires Shares of 15,414 Airbnb, Inc. (NASDAQ:ABNB)

Worldquant Millennium Advisors LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,414 shares of the company's stock, valued at approximately $2,026,000.

A number of other hedge funds also recently modified their holdings of ABNB. Arkadios Wealth Advisors grew its position in shares of Airbnb by 8.2% in the fourth quarter. Arkadios Wealth Advisors now owns 2,967 shares of the company's stock valued at $390,000 after purchasing an additional 225 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of Airbnb by 53.0% in the fourth quarter. Ameritas Advisory Services LLC now owns 3,193 shares of the company's stock valued at $420,000 after buying an additional 1,106 shares during the period. UMB Bank n.a. lifted its stake in shares of Airbnb by 90.0% in the fourth quarter. UMB Bank n.a. now owns 935 shares of the company's stock valued at $123,000 after buying an additional 443 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Airbnb by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 886 shares of the company's stock valued at $116,000 after buying an additional 237 shares during the period. Finally, Ballentine Partners LLC bought a new stake in shares of Airbnb in the fourth quarter valued at about $221,000. Hedge funds and other institutional investors own 80.76% of the company's stock.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $108.76, for a total value of $23,305,636.60. Following the completion of the transaction, the director now owns 2,294,870 shares of the company's stock, valued at $249,590,061.20. This represents a 8.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Chesky sold 38,461 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $126.60, for a total transaction of $4,869,162.60. Following the transaction, the chief executive officer now directly owns 11,770,144 shares of the company's stock, valued at $1,490,100,230.40. The trade was a 0.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,389,925 shares of company stock valued at $170,370,496 in the last quarter. Insiders own 27.91% of the company's stock.

Airbnb Price Performance

Shares of Airbnb stock traded down $0.54 on Wednesday, reaching $128.86. 1,955,970 shares of the stock were exchanged, compared to its average volume of 4,909,477. The firm's 50 day moving average is $122.51 and its 200-day moving average is $130.80. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $80.72 billion, a PE ratio of 31.21, a P/E/G ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The business's revenue was up 7.4% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. As a group, analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ABNB shares. B. Riley reduced their target price on shares of Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Hsbc Global Res upgraded shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Jefferies Financial Group upgraded shares of Airbnb from a "hold" rating to a "buy" rating and increased their target price for the company from $165.00 to $185.00 in a research note on Monday, March 10th. Citigroup cut their price target on shares of Airbnb from $170.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Finally, Phillip Securities cut shares of Airbnb from a "hold" rating to a "moderate sell" rating in a research note on Friday, May 9th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $141.43.

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.