Airbnb, Inc. (NASDAQ:ABNB) Position Increased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 6.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,931 shares of the company's stock after buying an additional 2,024 shares during the quarter. D.A. Davidson & CO.'s holdings in Airbnb were worth $4,053,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in shares of Airbnb by 43.0% during the fourth quarter. Jones Financial Companies Lllp now owns 7,166 shares of the company's stock worth $942,000 after purchasing an additional 2,155 shares during the last quarter. Assetmark Inc. raised its stake in shares of Airbnb by 7.4% during the fourth quarter. Assetmark Inc. now owns 53,691 shares of the company's stock worth $7,056,000 after purchasing an additional 3,697 shares during the last quarter. M&T Bank Corp raised its stake in shares of Airbnb by 12.9% during the fourth quarter. M&T Bank Corp now owns 17,045 shares of the company's stock worth $2,240,000 after purchasing an additional 1,948 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of Airbnb by 2.6% during the fourth quarter. Proficio Capital Partners LLC now owns 12,069 shares of the company's stock worth $1,586,000 after purchasing an additional 308 shares during the last quarter. Finally, Dana Investment Advisors Inc. raised its stake in shares of Airbnb by 9.4% during the fourth quarter. Dana Investment Advisors Inc. now owns 6,877 shares of the company's stock worth $904,000 after purchasing an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Analyst Upgrades and Downgrades

ABNB has been the subject of several analyst reports. Piper Sandler cut their price target 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 report on Friday, May 2nd. Barclays dropped their price objective on Airbnb from $120.00 to $103.00 and set an "underweight" rating on the stock in a report on Friday, May 2nd. Evercore ISI dropped their price objective on Airbnb from $165.00 to $145.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Finally, Wedbush lowered Airbnb from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $150.00 to $135.00 in a report on Friday, May 2nd. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Airbnb currently has an average rating of "Hold" and a consensus target price of $141.23.

Insider Transactions at Airbnb

In other Airbnb news, CEO Brian Chesky sold 8,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $128.33, for a total transaction of $1,026,640.00. Following the transaction, the chief executive officer owned 40,800 shares of the company's stock, valued at $5,235,864. This trade represents a 16.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $123.43, for a total value of $771,437.50. Following the completion of the sale, the chief financial officer directly owned 485,080 shares in the company, valued at approximately $59,873,424.40. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,607,528 shares of company stock worth $201,688,571 in the last three months. 27.91% of the stock is currently owned by company insiders.

Airbnb Stock Performance

NASDAQ ABNB traded up $1.11 during trading hours on Friday, hitting $136.50. 2,628,584 shares of the company's stock were exchanged, compared to its average volume of 5,042,851. The business's 50 day moving average is $131.74 and its 200-day moving average is $130.50. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The firm has a market capitalization of $85.50 billion, a P/E ratio of 34.47, a price-to-earnings-growth ratio of 2.56 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results 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 return on equity of 30.91% and a net margin of 22.60%. The business had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter last year, the company posted $0.41 earnings per share. The business's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

About Airbnb

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.