Neuberger Berman Group LLC Buys 5,064 Shares of Airbnb, Inc. $ABNB

Key Points

• Neuberger Berman Group LLC increased its holdings in Airbnb, Inc. by 48.8%, acquiring an additional 5,064 shares for a total of 15,443 shares valued at approximately $1.85 million.
• Several institutional investors also changed their positions in Airbnb, resulting in about 80.76% of the stock being owned by institutional investors and hedge funds.
• During recent insider transactions, CFO Elinor Mertz and Director Joseph Gebbia sold a significant number of shares, with insiders selling a total of 1.67 million shares in the last ninety days.

Neuberger Berman Group LLC boosted its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 48.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,443 shares of the company's stock after acquiring an additional 5,064 shares during the period. Neuberger Berman Group LLC's holdings in Airbnb were worth $1,845,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ABNB. Park Square Financial Group LLC purchased a new stake in shares of Airbnb during the 4th quarter worth approximately $26,000. Orion Capital Management LLC acquired a new stake in shares of Airbnb during the 4th quarter worth $28,000. Stonebridge Financial Group LLC increased its holdings in Airbnb by 75.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock valued at $29,000 after purchasing an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its holdings in Airbnb by 209.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock valued at $31,000 after purchasing an additional 174 shares in the last quarter. Finally, SouthState Corp increased its holdings in Airbnb by 216.1% in the 1st quarter. SouthState Corp now owns 294 shares of the company's stock valued at $35,000 after purchasing an additional 201 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Trading Up 0.3%

Shares of ABNB traded up $0.3430 during midday trading on Tuesday, reaching $125.8330. The stock had a trading volume of 2,361,245 shares, compared to its average volume of 5,305,208. The firm has a 50 day simple moving average of $133.49 and a 200-day simple moving average of $130.65. The firm has a market cap of $78.20 billion, a PE ratio of 30.48, a P/E/G ratio of 2.28 and a beta of 1.13. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.92 by $0.11. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on ABNB. Zacks Research raised shares of Airbnb to a "hold" rating in a research report on Tuesday, August 12th. B. Riley dropped their price objective on shares of Airbnb from $145.00 to $140.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Piper Sandler cut their price target on Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Citigroup cut their price target on Airbnb from $170.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Finally, UBS Group lowered their price objective on shares of Airbnb from $156.00 to $148.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. Two equities research 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 stock. Based on data from MarketBeat, Airbnb currently has a consensus rating of "Hold" and a consensus target price of $142.72.

Insider Transactions at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $132.28, for a total transaction of $826,750.00. Following the completion of the sale, the chief financial officer directly owned 467,611 shares of the company's stock, valued at approximately $61,855,583.08. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $129.46, for a total transaction of $30,552,560.00. Following the completion of the transaction, the director owned 944,015 shares in the company, valued at approximately $122,212,181.90. This trade represents a 20.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,454,493 shares of company stock worth $194,497,481 in the last 90 days. 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.