Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 2,422.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,015 shares of the company's stock after purchasing an additional 50,913 shares during the quarter. Los Angeles Capital Management LLC's holdings in Airbnb were worth $6,333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Park Square Financial Group LLC acquired a new position in Airbnb in the fourth quarter valued at approximately $26,000. Orion Capital Management LLC acquired a new position in Airbnb in the fourth quarter valued at approximately $28,000. Stonebridge Financial Group LLC lifted its holdings 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 acquiring an additional 106 shares during the period. Bartlett & CO. Wealth Management LLC lifted its holdings in Airbnb by 209.6% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock valued at $31,000 after acquiring an additional 174 shares during the period. Finally, Graney & King LLC acquired a new position in shares of Airbnb during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Trading Down 0.9%

ABNB opened at $138.07 on Tuesday. The stock's 50-day moving average price is $134.35 and its 200 day moving average price is $130.79. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The firm has a market cap of $86.49 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 2.61 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a return on equity of 30.91% and a net margin of 22.60%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the company posted $0.41 EPS. Airbnb's revenue was up 7.4% on a year-over-year basis. On average, research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on ABNB. Truist Financial reaffirmed a "sell" rating and set a $106.00 target price (down from $112.00) on shares of Airbnb in a research note on Friday, May 30th. Barclays upped their target price on Airbnb from $103.00 to $104.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 16th. Piper Sandler reduced their target price on Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. JMP Securities reaffirmed a "market perform" rating on shares of Airbnb in a research note on Friday, May 2nd. Finally, BNP Paribas raised Airbnb to a "hold" rating in a research note on Wednesday, July 16th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $141.50.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $136.40, for a total value of $32,190,400.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $135.86, for a total value of $849,125.00. Following the completion of the sale, the chief financial officer directly owned 461,361 shares in the company, valued at $62,680,505.46. This represents a 1.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,414,658 shares of company stock valued at $186,206,855 in the last quarter. Corporate insiders own 27.83% of the company's stock.

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.

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