Asset Management One Co. Ltd. Purchases 4,728 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Asset Management One Co. Ltd. lifted its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,754 shares of the company's stock after buying an additional 4,728 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Airbnb were worth $24,102,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Park Square Financial Group LLC bought a new position in Airbnb during the fourth quarter worth $26,000. Orion Capital Management LLC bought a new position in Airbnb during the fourth quarter worth $28,000. Graney & King LLC bought a new position in Airbnb during the fourth quarter worth $32,000. Whipplewood Advisors LLC bought a new position in Airbnb during the fourth quarter worth $44,000. Finally, University of Texas Texas AM Investment Management Co. bought a new position in Airbnb during the fourth quarter worth $49,000. 80.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ABNB has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Airbnb in a research report on Wednesday, May 14th. Canaccord Genuity Group reduced their price objective on shares of Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Truist Financial reissued a "sell" rating and set a $106.00 target price (down previously from $112.00) on shares of Airbnb in a report on Friday, May 30th. Royal Bank Of Canada dropped their target price on Airbnb from $160.00 to $140.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd. Finally, Robert W. Baird dropped their target price on Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a report on Tuesday, March 25th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $141.23.

Airbnb Trading Down 1.9%

Shares of NASDAQ ABNB opened at $129.67 on Thursday. The company has a market cap of $81.23 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 2.47 and a beta of 1.14. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The stock has a 50-day moving average price of $129.14 and a two-hundred day moving average price of $130.50.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a return on equity of 30.91% and a net margin of 22.60%. The firm's 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. On average, sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Transactions at Airbnb

In other news, insider Nathan Blecharczyk sold 2,245 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $134.03, for a total transaction of $300,897.35. Following the sale, the insider now directly owns 188,173 shares in the company, valued at approximately $25,220,827.19. The trade was a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $137.13, for a total value of $82,278.00. Following the sale, the chief technology officer now owns 213,377 shares in the company, valued at approximately $29,260,388.01. This trade represents a 0.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,646,087 shares of company stock worth $206,326,144. Insiders own 27.91% 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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