Baker Chad R Acquires New Stake in Airbnb, Inc. (NASDAQ:ABNB)

Baker Chad R bought a new position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 23,955 shares of the company's stock, valued at approximately $2,862,000.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC increased its position in Airbnb by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock valued at $1,244,514,000 after acquiring an additional 72,991 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Airbnb by 147.3% during the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after acquiring an additional 2,590,475 shares during the period. Northern Trust Corp lifted its stake in shares of Airbnb by 8.4% during the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock valued at $564,647,000 after acquiring an additional 331,607 shares during the period. Renaissance Technologies LLC boosted its holdings in Airbnb by 15.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock valued at $548,683,000 after acquiring an additional 558,856 shares during the last quarter. Finally, Norges Bank acquired a new stake in Airbnb in the fourth quarter worth about $433,374,000. 80.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Nathan Blecharczyk sold 2,245 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $134.03, for a total value of $300,897.35. Following the completion of the transaction, the insider now directly owns 188,173 shares in the company, valued at approximately $25,220,827.19. This represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $139.40, for a total value of $32,898,400.00. Following the sale, the director now owns 1,180,015 shares in the company, valued at $164,494,091. This represents a 16.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,663,033 shares of company stock worth $208,384,185 in the last three months. 27.91% of the stock is owned by corporate insiders.

Airbnb Price Performance

Shares of ABNB traded down $3.27 during midday trading on Friday, hitting $135.54. The company's stock had a trading volume of 5,090,904 shares, compared to its average volume of 5,017,162. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The stock has a market capitalization of $84.90 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The company's fifty day simple moving average is $125.71 and its two-hundred day simple moving average is $130.81.

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

Wall Street Analyst Weigh In

ABNB has been the topic of several analyst reports. Morgan Stanley increased their price objective on shares of Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a report on Thursday, April 17th. Phillip Securities downgraded Airbnb from a "hold" rating to a "moderate sell" rating in a research note on Friday, May 9th. UBS Group reduced their price target on Airbnb from $160.00 to $138.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Susquehanna dropped their price objective on Airbnb from $200.00 to $150.00 and set a "positive" rating for the company in a report on Monday, May 5th. Finally, Cantor Fitzgerald restated an "underweight" rating and set a $100.00 target price on shares of Airbnb in a report on Wednesday, May 14th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $141.23.

Airbnb Company Profile

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.