Universal Beteiligungs und Servicegesellschaft mbH Makes New $44.40 Million Investment in Airbnb, Inc. (NASDAQ:ABNB)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 337,854 shares of the company's stock, valued at approximately $44,397,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.05% of Airbnb as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ABNB. Janney Montgomery Scott LLC increased its position in shares of Airbnb by 25.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,964 shares of the company's stock valued at $6,697,000 after purchasing an additional 10,347 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Airbnb by 5.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,980 shares of the company's stock worth $654,000 after acquiring an additional 244 shares during the period. Kingswood Wealth Advisors LLC increased its holdings in shares of Airbnb by 13.8% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 2,549 shares of the company's stock valued at $335,000 after purchasing an additional 309 shares in the last quarter. KBC Group NV increased its holdings in shares of Airbnb by 47.9% in the 4th quarter. KBC Group NV now owns 128,054 shares of the company's stock valued at $16,828,000 after purchasing an additional 41,446 shares in the last quarter. Finally, Cascade Investment Advisors Inc. increased its holdings in Airbnb by 18.4% during the 4th quarter. Cascade Investment Advisors Inc. now owns 11,480 shares of the company's stock valued at $1,509,000 after acquiring an additional 1,780 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Benchmark dropped their target price on shares of Airbnb from $178.00 to $155.00 and set a "buy" rating for the company in a report on Friday, May 2nd. DA Davidson raised shares of Airbnb from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $170.00 to $155.00 in a research note on Wednesday, April 30th. Royal Bank of Canada decreased their price target on shares of Airbnb from $160.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Tigress Financial boosted their target price on shares of Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a report on Friday, March 14th. Finally, HSBC upgraded shares of Airbnb from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $141.23.

Airbnb Trading Down 0.2%

Shares of ABNB traded down $0.23 during midday trading on Friday, hitting $128.13. 9,542,846 shares of the stock were exchanged, compared to its average volume of 4,953,923. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The stock has a fifty day simple moving average of $122.45 and a 200 day simple moving average of $130.64. The firm has a market cap of $80.26 billion, a P/E ratio of 31.02, a P/E/G ratio of 3.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly 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). The firm had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity at Airbnb

In related news, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $140.10, for a total value of $875,625.00. Following the completion of the transaction, the chief financial officer now directly owns 449,463 shares in the company, valued at approximately $62,969,766.30. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 2,509 shares of Airbnb stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $128.70, for a total value of $322,908.30. Following the sale, the director now directly owns 2,860 shares of the company's stock, valued at $368,082. This trade represents a 46.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,628,434 shares of company stock worth $201,057,164. Company insiders own 27.91% of the company's stock.

Airbnb 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.