Perpetual Ltd boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 25.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,236 shares of the company's stock after acquiring an additional 3,489 shares during the quarter. Perpetual Ltd's holdings in Airbnb were worth $2,059,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Park Square Financial Group LLC bought a new position in shares of Airbnb during the fourth quarter valued at about $26,000. Orion Capital Management LLC bought a new position in shares of Airbnb during the 4th quarter worth approximately $28,000. Graney & King LLC purchased a new position in shares of Airbnb in the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC bought a new position in shares of Airbnb in the fourth quarter valued at approximately $44,000. Finally, Rakuten Securities Inc. increased its position in shares of Airbnb by 31.6% during the first quarter. Rakuten Securities Inc. now owns 379 shares of the company's stock valued at $45,000 after acquiring an additional 91 shares during the last quarter. 80.76% of the stock is owned by institutional investors.
Airbnb Price Performance
NASDAQ ABNB traded up $0.80 during trading on Friday, reaching $134.52. The company's stock had a trading volume of 4,929,624 shares, compared to its average volume of 5,039,164. The firm has a fifty day moving average of $130.00 and a 200 day moving average of $130.39. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The stock has a market capitalization of $84.26 billion, a PE ratio of 33.97, a P/E/G ratio of 2.52 and a beta of 1.14.
Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The company had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter last year, the business posted $0.41 EPS. The business's quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.
Insider Activity
In other Airbnb news, CEO Brian Chesky sold 38,459 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $120.44, for a total value of $4,632,001.96. Following the completion of the sale, the chief executive officer now directly owns 11,731,685 shares of the company's stock, valued at $1,412,964,141.40. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $119.67, for a total value of $83,769.00. Following the completion of the transaction, the chief technology officer now owns 170,019 shares in the company, valued at approximately $20,346,173.73. This represents a 0.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,646,087 shares of company stock worth $206,326,144. 27.91% of the stock is currently owned by insiders.
Analysts Set New Price Targets
ABNB has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on Airbnb from $100.00 to $104.00 and gave the company an "underweight" rating in a research note on Friday, May 2nd. JMP Securities reaffirmed a "market perform" rating on shares of Airbnb in a research report on Friday, May 2nd. Wedbush cut shares of Airbnb from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $150.00 to $135.00 in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their price target on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Piper Sandler dropped their price objective on Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $141.23.
Check Out Our Latest Stock Report on Airbnb
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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