AG2R LA Mondiale Gestion D Actifs purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,173 shares of the company's stock, valued at approximately $2,086,000.
A number of other large investors also recently modified their holdings of ABNB. Janus Henderson Group PLC lifted its stake in shares of Airbnb by 4.0% in the 4th quarter. Janus Henderson Group PLC now owns 56,321 shares of the company's stock valued at $7,402,000 after acquiring an additional 2,190 shares during the last quarter. Quadcap Wealth Management LLC acquired a new stake in Airbnb in the fourth quarter valued at $423,000. ProShare Advisors LLC increased its holdings in Airbnb by 17.1% in the fourth quarter. ProShare Advisors LLC now owns 556,917 shares of the company's stock valued at $73,184,000 after purchasing an additional 81,378 shares during the period. Raiffeisen Bank International AG acquired a new stake in Airbnb in the fourth quarter valued at $493,000. Finally, Rafferty Asset Management LLC increased its holdings in Airbnb by 8.5% in the fourth quarter. Rafferty Asset Management LLC now owns 164,053 shares of the company's stock valued at $21,558,000 after purchasing an additional 12,918 shares during the period. 80.76% of the stock is currently owned by institutional investors.
Insider Transactions at Airbnb
In other news, insider Nathan Blecharczyk sold 2,246 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total value of $281,199.20. Following the completion of the sale, the insider directly owned 182,514 shares of the company's stock, valued at $22,850,752.80. This represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Elinor Mertz sold 4,630 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $128.42, for a total value of $594,584.60. Following the completion of the sale, the chief financial officer directly owned 444,070 shares of the company's stock, valued at approximately $57,027,469.40. This trade represents a 1.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,438,326 shares of company stock valued at $188,798,155. Corporate insiders own 27.83% of the company's stock.
Airbnb Price Performance
Shares of ABNB stock traded down $2.18 on Monday, reaching $120.37. 7,056,575 shares of the company were exchanged, compared to its average volume of 4,155,001. The company has a market cap of $74.80 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 2.24 and a beta of 1.13. The company has a 50-day moving average of $130.13 and a 200-day moving average of $128.29. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93.
Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.92 by $0.11. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The company's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 earnings per share. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the company. Citizens Jmp upgraded Airbnb to a "hold" rating in a report on Monday, August 11th. BMO Capital Markets set a $124.00 price objective on Airbnb and gave the company a "market perform" rating in a report on Thursday, August 7th. Morgan Stanley decreased their price target on Airbnb from $130.00 to $120.00 and set an "underweight" rating for the company in a report on Thursday, August 7th. Zacks Research upgraded Airbnb to a "hold" rating in a report on Tuesday, August 12th. Finally, BNP Paribas upgraded Airbnb to a "hold" rating in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Airbnb has an average rating of "Hold" and a consensus price target of $141.68.
Check Out Our Latest Report on ABNB
About Airbnb
(
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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