Liontrust Investment Partners LLP Has $20.98 Million Stock Position in Airbnb, Inc. $ABNB

Key Points

• Liontrust Investment Partners LLP increased its holdings in Airbnb by 5.2% during the first quarter, bringing their total acquisitions to 175,614 shares valued at approximately $20.98 million.
• Recent analyst reports show a consensus "Hold" rating on Airbnb stock, with price targets dropping from a previous average of $165 to as low as $120.
• Insider trading indicates significant sales, with CEO Brian Chesky and Director Joseph Gebbia selling large amounts of stock, collectively reducing their ownership by approximately 16% and raising concerns about future stock performance.

Liontrust Investment Partners LLP increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 175,614 shares of the company's stock after acquiring an additional 8,705 shares during the period. Liontrust Investment Partners LLP's holdings in Airbnb were worth $20,979,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of ABNB. Vanguard Group Inc. lifted its holdings in Airbnb by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 37,462,629 shares of the company's stock valued at $4,475,286,000 after purchasing an additional 604,120 shares in the last quarter. Northern Trust Corp boosted its stake in Airbnb by 8.4% during the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock worth $564,647,000 after buying an additional 331,607 shares during the period. Principal Financial Group Inc. lifted its stake in Airbnb by 74.4% during the first quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company's stock worth $388,924,000 after purchasing an additional 1,389,251 shares in the last quarter. Two Sigma Advisers LP boosted 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 valued at $404,782,000 after acquiring an additional 2,577,000 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Airbnb by 3.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,894,569 shares of the company's stock worth $345,785,000 after buying an additional 103,925 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on ABNB shares. BMO Capital Markets set a $124.00 price target on shares of Airbnb and gave the stock a "market perform" rating in a report on Thursday, August 7th. Canaccord Genuity Group cut their price target on Airbnb from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Morgan Stanley reduced their price objective on Airbnb from $130.00 to $120.00 and set an "underweight" rating for the company in a research note on Thursday, August 7th. Zacks Research upgraded shares of Airbnb to a "hold" rating in a research report on Tuesday, August 12th. Finally, UBS Group cut their price target 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. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $142.72.

Insider Activity

In other news, Director Joseph Gebbia sold 236,000 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $129.71, for a total transaction of $30,611,560.00. Following the completion of the sale, the director directly owned 236,015 shares of the company's stock, valued at $30,613,505.65. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO David C. Bernstein sold 5,000 shares of the company's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $142.00, for a total transaction of $710,000.00. Following the completion of the sale, the chief accounting officer owned 42,619 shares of the company's stock, 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 a total of 1,454,493 shares of company stock valued at $194,497,481 over the last ninety days. Corporate insiders own 27.83% of the company's stock.

Airbnb Stock Up 0.4%

Shares of ABNB traded up $0.51 during midday trading on Tuesday, hitting $126.00. The company had a trading volume of 3,557,723 shares, compared to its average volume of 5,307,927. The company's 50 day moving average price is $133.49 and its 200 day moving average price is $130.65. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The stock has a market cap of $78.30 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 2.28 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates 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 company earned $0.86 EPS. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. Equities analysts anticipate 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.