OMERS ADMINISTRATION Corp Buys 2,334 Shares of Airbnb, Inc. $ABNB

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Airbnb by 8.0%, owning a total of 31,670 shares now valued at approximately $3.78 million.
• Airbnb's stock has a consensus rating of "Hold" with an average target price of $142.72, following various analyst ratings from firms such as Morgan Stanley and Cantor Fitzgerald.
• Airbnb reported earnings of $1.03 per share for the last quarter, surpassing estimates, and recorded a revenue of $3.10 billion, reflecting a 12.7% year-over-year increase.

OMERS ADMINISTRATION Corp grew its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 8.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,670 shares of the company's stock after acquiring an additional 2,334 shares during the period. OMERS ADMINISTRATION Corp's holdings in Airbnb were worth $3,783,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ABNB. Pacer Advisors Inc. grew its holdings in Airbnb by 2,297.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,801,899 shares of the company's stock worth $334,715,000 after acquiring an additional 2,685,026 shares during the period. Two Sigma Advisers LP grew its holdings in Airbnb by 512.0% during the 4th quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company's stock worth $404,782,000 after acquiring an additional 2,577,000 shares during the period. Principal Financial Group Inc. grew its holdings in Airbnb by 74.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company's stock worth $388,924,000 after acquiring an additional 1,389,251 shares during the period. Assenagon Asset Management S.A. grew its holdings in Airbnb by 119.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,506,704 shares of the company's stock worth $179,991,000 after acquiring an additional 820,887 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Airbnb by 23,657.3% in the 1st quarter. GAMMA Investing LLC now owns 611,038 shares of the company's stock valued at $72,995,000 after buying an additional 608,466 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $136.40, for a total transaction of $32,190,400.00. Following the transaction, the director owned 708,015 shares of the company's stock, valued at $96,573,246. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $132.28, for a total transaction of $826,750.00. Following the transaction, the chief financial officer directly owned 467,611 shares in the company, valued at approximately $61,855,583.08. This represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,440,546 shares of company stock worth $191,913,918 in the last quarter. 27.83% of the stock is owned by insiders.

Airbnb Trading Down 2.2%

NASDAQ ABNB traded down $2.84 during trading hours on Tuesday, hitting $127.69. The company's stock had a trading volume of 2,591,793 shares, compared to its average volume of 5,226,009. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The company has a market capitalization of $79.35 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13. The company's 50-day simple moving average is $132.20 and its two-hundred day simple moving average is $130.04.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.11. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The business had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter last year, the firm earned $0.86 EPS. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. Research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Citizens Jmp upgraded Airbnb to a "hold" rating in a research note on Monday, August 11th. BTIG Research restated a "neutral" rating on shares of Airbnb in a research note on Wednesday, May 28th. Cantor Fitzgerald restated an "underweight" rating and issued a $100.00 target price on shares of Airbnb in a research note on Wednesday, May 14th. Wedbush reduced their target price on Airbnb from $135.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Finally, Citigroup reduced their target price on Airbnb from $170.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Two investment 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $142.72.

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.