Generali Investments CEE investicni spolecnost a.s. Purchases 3,000 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Generali Investments CEE investicni spolecnost a.s. lifted its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 15.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,000 shares of the company's stock after acquiring an additional 3,000 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in Airbnb were worth $2,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ABNB. Geode Capital Management LLC boosted its stake in Airbnb by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock worth $1,244,514,000 after buying an additional 72,991 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Airbnb by 147.3% in the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after buying an additional 2,590,475 shares during the period. Northern Trust Corp raised its holdings in shares of Airbnb by 8.4% in the 4th quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock valued at $564,647,000 after buying an additional 331,607 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Airbnb by 15.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock valued at $548,683,000 after buying an additional 558,856 shares during the period. Finally, Norges Bank purchased a new stake in Airbnb during the 4th quarter worth about $433,374,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In other news, CFO Elinor Mertz sold 6,250 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $132.28, for a total value of $826,750.00. Following the completion of the transaction, the chief financial officer directly owned 467,611 shares of the company's stock, valued at $61,855,583.08. This trade represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $129.46, for a total value of $30,552,560.00. Following the completion of the transaction, the director directly owned 944,015 shares of the company's stock, valued at $122,212,181.90. The trade was a 20.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,607,528 shares of company stock valued at $201,688,571. Insiders own 27.91% of the company's stock.

Airbnb Price Performance

NASDAQ:ABNB traded up $1.11 during mid-day trading on Friday, reaching $136.50. The stock had a trading volume of 2,628,584 shares, compared to its average volume of 5,042,851. The stock has a 50-day simple moving average of $131.74 and a two-hundred day simple moving average of $130.48. The stock has a market capitalization of $85.50 billion, a PE ratio of 34.47, a P/E/G ratio of 2.56 and a beta of 1.13. 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 posted its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a return on equity of 30.91% and a net margin of 22.60%. The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. Equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analyst Weigh In

ABNB has been the subject of several analyst reports. Morgan Stanley upped their price objective on Airbnb from $125.00 to $130.00 and gave the stock an "underweight" rating in a research report on Thursday, April 17th. Canaccord Genuity Group reduced their price target on Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a report on Monday, April 28th. Needham & Company LLC reaffirmed a "hold" rating on shares of Airbnb in a report on Wednesday, May 14th. Tigress Financial lifted their price objective on Airbnb from $195.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, March 14th. Finally, Piper Sandler reduced their price objective on Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $141.23.

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.