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2,912 Shares in Airbnb, Inc. (NASDAQ:ABNB) Purchased by OMNI 360 Wealth Inc.

Airbnb logo with Consumer Discretionary background

OMNI 360 Wealth Inc. purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,912 shares of the company's stock, valued at approximately $348,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ABNB. Norges Bank purchased a new position in shares of Airbnb during the fourth quarter worth about $433,374,000. Clearbridge Investments LLC grew its holdings 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 worth $571,505,000 after buying an additional 2,590,475 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Airbnb by 512.0% during the fourth quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company's stock worth $404,782,000 after buying an additional 2,577,000 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Airbnb by 74.4% during the first quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company's stock worth $388,924,000 after buying an additional 1,389,251 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Airbnb by 119.7% during the first quarter. Assenagon Asset Management S.A. now owns 1,506,704 shares of the company's stock worth $179,991,000 after buying an additional 820,887 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Airbnb Stock Up 0.5%

ABNB stock opened at $137.65 on Tuesday. The company has a market cap of $86.23 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 2.56 and a beta of 1.13. The business has a fifty day simple moving average of $132.01 and a 200-day simple moving average of $130.53. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS 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 analyst estimates of $2.26 billion. Airbnb had a return on equity of 30.91% and a net margin of 22.60%. The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 earnings per share. As a group, analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 236,000 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $129.46, for a total transaction of $30,552,560.00. Following the completion of the sale, the director directly owned 944,015 shares in the company, valued at $122,212,181.90. This represents a 20.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Elinor Mertz sold 6,250 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $132.28, for a total value of $826,750.00. Following the sale, the chief financial officer owned 467,611 shares of the company's stock, valued at approximately $61,855,583.08. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,392,543 shares of company stock valued at $178,305,416. Corporate insiders own 27.83% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Benchmark lowered their price objective on Airbnb from $178.00 to $155.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. UBS Group lowered their price objective on Airbnb from $160.00 to $138.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Cantor Fitzgerald reaffirmed an "underweight" rating and issued a $100.00 price objective on shares of Airbnb in a report on Wednesday, May 14th. Morgan Stanley lifted their price objective on Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a report on Thursday, April 17th. Finally, Evercore ISI lowered their price objective on Airbnb from $165.00 to $145.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Airbnb presently has a consensus rating of "Hold" and an average price target of $141.47.

Read Our Latest Report on ABNB

Airbnb Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNB - Free Report).

Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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