Airbnb, Inc. $ABNB Shares Acquired by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Airbnb, Inc. by 19.8%, owning approximately 0.50% of the company, valued at $377.2 million after acquiring 521,752 additional shares.
• Insider sales have occurred recently, including CFO Elinor Mertz who sold 4,630 shares, resulting in a 1.03% decrease in her holdings, while corporate insiders collectively sold 1.4 million shares worth about $188.8 million over the last three months.
• Wall Street analysts have mixed outlooks on Airbnb's stock, with a consensus rating of "Hold" and a target price of $142.66, reflecting varied analyst ratings from "Strong Buy" to "Sell".

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 19.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,157,884 shares of the company's stock after purchasing an additional 521,752 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.50% of Airbnb worth $377,241,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new position in Airbnb during the 4th quarter worth $26,000. Orion Capital Management LLC acquired a new position in Airbnb during the 4th quarter worth $28,000. Stonebridge Financial Group LLC grew its holdings in Airbnb by 75.7% during the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock worth $29,000 after acquiring an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC grew its holdings in Airbnb by 209.6% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock worth $31,000 after acquiring an additional 174 shares in the last quarter. Finally, SouthState Corp grew its holdings in Airbnb by 216.1% during the 1st quarter. SouthState Corp now owns 294 shares of the company's stock worth $35,000 after acquiring an additional 201 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Airbnb

In related news, CFO Elinor Mertz sold 4,630 shares of Airbnb stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $128.42, for a total value of $594,584.60. Following the sale, the chief financial officer directly owned 444,070 shares in the company, valued at $57,027,469.40. This trade represents a 1.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $124.96, for a total transaction of $74,976.00. Following the completion of the sale, the chief technology officer owned 202,006 shares in the company, valued at approximately $25,242,669.76. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,438,326 shares of company stock worth $188,798,155 over the last 90 days. Corporate insiders own 27.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ABNB shares. Phillip Securities raised shares of Airbnb from a "moderate sell" rating to a "hold" rating in a report on Friday, August 8th. UBS Group decreased their price objective on shares of Airbnb from $156.00 to $148.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Cantor Fitzgerald reissued an "underweight" rating and set a $100.00 price objective on shares of Airbnb in a report on Wednesday, May 14th. BNP Paribas raised shares of Airbnb to a "hold" rating in a report on Wednesday, July 16th. Finally, Barclays set a $105.00 price target on shares of Airbnb and gave the stock an "underweight" rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $142.66.

Airbnb Stock Performance

Airbnb stock opened at $123.41 on Thursday. The firm's 50-day moving average is $131.01 and its 200-day moving average is $128.89. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The company has a market cap of $76.69 billion, a P/E ratio of 29.88, a PEG ratio of 2.26 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.11. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The company's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $0.86 EPS. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.

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