Airbnb, Inc. $ABNB Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Airbnb by 5.9%, now owning approximately 0.06% of the company's shares, valued at $42.1 million.
• Recent insider trading activity includes CFO Elinor Mertz selling 4,630 shares, resulting in a 1.03% decrease in her holdings, while insiders have sold 1.67 million shares in total over the past three months.
• Airbnb shares opened at $123.81 with a market cap of $76.94 billion, following a quarterly earnings report where they exceeded earnings expectations with $1.03 EPS.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 352,816 shares of the company's stock after purchasing an additional 19,753 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Airbnb worth $42,149,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new stake in Airbnb in the fourth quarter valued at about $26,000. Orion Capital Management LLC acquired a new stake in Airbnb in the fourth quarter valued at about $28,000. Stonebridge Financial Group LLC lifted its position in Airbnb by 75.7% in the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock valued at $29,000 after purchasing an additional 106 shares during the period. Bartlett & CO. Wealth Management LLC grew its position in Airbnb by 209.6% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock worth $31,000 after buying an additional 174 shares during the period. Finally, SouthState Corp grew its position in Airbnb by 216.1% during the first quarter. SouthState Corp now owns 294 shares of the company's stock worth $35,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Activity at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 4,630 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $128.42, for a total transaction of $594,584.60. Following the sale, the chief financial officer directly owned 444,070 shares of the company's stock, valued at $57,027,469.40. This trade represents a 1.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO David C. Bernstein sold 5,000 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $142.00, for a total transaction of $710,000.00. Following the sale, the chief accounting officer directly owned 42,619 shares in the company, valued at $6,051,898. This represents a 10.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,674,926 shares of company stock worth $221,778,833 over the last three months. Company insiders own 27.91% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Airbnb from $120.00 to $130.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Truist Financial lowered their target price on shares of Airbnb from $106.00 to $104.00 and set a "sell" rating on the stock in a research report on Wednesday. Barclays set a $105.00 target price on shares of Airbnb and gave the stock an "underweight" rating in a research report on Thursday, August 7th. Cantor Fitzgerald restated an "underweight" rating and set a $100.00 target price on shares of Airbnb in a research report on Wednesday, May 14th. Finally, Citizens Jmp upgraded shares of Airbnb to a "hold" rating in a research report on Monday, August 11th. Two 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, Airbnb has an average rating of "Hold" and an average target price of $142.66.

Airbnb Trading Down 1.2%

Shares of ABNB opened at $123.81 on Friday. The stock has a market cap of $76.94 billion, a P/E ratio of 29.98, a PEG ratio of 2.26 and a beta of 1.13. The company has a 50-day moving average of $131.64 and a two-hundred day moving average of $129.29. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its 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 during the quarter, compared to analysts' expectations of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The firm's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 earnings per share. As a group, analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal 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.

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.