B. Metzler seel. Sohn & Co. AG Has $3.95 Million Position in Airbnb, Inc. $ABNB

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in **Airbnb, Inc.** by **54.9%**, owning **33,029 shares** valued at **$3,946,000** after buying an additional **11,711 shares**.
• Several other institutional investors, including **Vanguard Group** and **Principal Financial Group**, also raised their stakes in Airbnb, which now has **80.76%** of its stock owned by institutional investors.
• Airbnb's stock opened at **$130.46**, with a **52-week high of $163.93**; after a recent earnings report, analysts anticipate the company will post an EPS of **4.31** for the current fiscal year.

B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 54.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,029 shares of the company's stock after buying an additional 11,711 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Airbnb were worth $3,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. increased its holdings in shares of Airbnb by 3.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,490 shares of the company's stock valued at $327,000 after purchasing an additional 91 shares during the period. Utah Retirement Systems increased its holdings in shares of Airbnb by 0.3% in the fourth quarter. Utah Retirement Systems now owns 60,100 shares of the company's stock valued at $7,898,000 after purchasing an additional 200 shares during the last quarter. Comerica Bank increased its holdings in shares of Airbnb by 10.2% in the fourth quarter. Comerica Bank now owns 93,890 shares of the company's stock valued at $12,338,000 after purchasing an additional 8,719 shares during the last quarter. Davidson Kahn Capital Management LLC acquired a new stake in Airbnb during the fourth quarter worth $936,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Airbnb in the fourth quarter valued at $4,139,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ABNB. Phillip Securities upgraded Airbnb from a "moderate sell" rating to a "hold" rating in a report on Friday, August 8th. Truist Financial reiterated a "sell" rating and set a $106.00 target price (down previously from $112.00) on shares of Airbnb in a research report on Friday, May 30th. Wedbush cut their target price on Airbnb from $135.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Morgan Stanley dropped their price target on Airbnb from $130.00 to $120.00 and set an "underweight" rating on the stock in a research report on Thursday, August 7th. Finally, Wells Fargo & Company set a $110.00 price target on Airbnb and gave the company an "underweight" rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nineteen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $142.72.

Insiders Place Their Bets

In other Airbnb news, CAO David C. Bernstein sold 5,000 shares of the business's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $142.00, for a total transaction of $710,000.00. Following the sale, the chief accounting officer directly owned 42,619 shares of the company's stock, valued at $6,051,898. The trade was a 10.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $135.86, for a total transaction of $849,125.00. Following the sale, the chief financial officer directly owned 461,361 shares in the company, valued at approximately $62,680,505.46. This trade represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,445,355 shares of company stock valued at $192,533,558 over the last quarter. Insiders own 27.83% of the company's stock.

Airbnb Stock Up 0.1%

Shares of ABNB stock traded up $0.07 on Friday, reaching $130.53. 4,157,858 shares of the stock were exchanged, compared to its average volume of 5,723,266. The stock has a market cap of $81.12 billion, a P/E ratio of 31.61, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13. The firm has a 50 day moving average of $132.20 and a two-hundred day moving average of $130.26. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93.

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

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.