Baader Bank Aktiengesellschaft Acquires 17,035 Shares of Airbnb, Inc. $ABNB

Key Points

• Baader Bank Aktiengesellschaft increased its stake in Airbnb, Inc. by 26.3% during the second quarter, owning a total of 81,773 shares valued at approximately $10.8 million.
• Industry analysts have varied opinions on Airbnb's stock, with price targets ranging from $105 to $165, and an average rating of "Hold" with a target mean price of $141.19.
• Recent insider trades saw CTO Aristotle N. Balogh and CAO David C. Bernstein selling shares, indicating significant activity among company insiders, with over 1.6 million shares sold in total over the last ninety days.

Baader Bank Aktiengesellschaft lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 26.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,773 shares of the company's stock after acquiring an additional 17,035 shares during the quarter. Airbnb makes up about 0.8% of Baader Bank Aktiengesellschaft's portfolio, making the stock its 22nd biggest holding. Baader Bank Aktiengesellschaft's holdings in Airbnb were worth $10,808,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ABNB. State of Wyoming grew its position in shares of Airbnb by 123.2% in the 4th quarter. State of Wyoming now owns 500 shares of the company's stock valued at $66,000 after buying an additional 276 shares during the last quarter. Visionary Wealth Advisors increased its position in Airbnb by 5.9% in the fourth quarter. Visionary Wealth Advisors now owns 3,004 shares of the company's stock worth $395,000 after buying an additional 167 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of Airbnb by 13.9% in the fourth quarter. Vident Advisory LLC now owns 27,492 shares of the company's stock worth $3,613,000 after acquiring an additional 3,363 shares during the period. Worldquant Millennium Advisors LLC bought a new stake in Airbnb during the fourth quarter valued at $2,026,000. Finally, Waverly Advisors LLC lifted its stake in shares of Airbnb by 38.9% in the 4th quarter. Waverly Advisors LLC now owns 2,662 shares of the company's stock valued at $350,000 after acquiring an additional 745 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 2,246 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total transaction of $281,199.20. Following the completion of the sale, the insider directly owned 182,514 shares in the company, valued at approximately $22,850,752.80. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $138.83, for a total transaction of $32,763,880.00. Following the transaction, the director directly owned 472,015 shares in the company, valued at $65,529,842.45. This trade represents a 33.33% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,437,726 shares of company stock valued at $186,665,593. 27.91% of the stock is owned by insiders.

Airbnb Trading Down 1.4%

Shares of NASDAQ:ABNB traded down $1.73 during midday trading on Monday, hitting $125.31. The stock had a trading volume of 2,154,137 shares, compared to its average volume of 5,234,656. The company has a market capitalization of $77.87 billion, a PE ratio of 30.34, a P/E/G ratio of 2.32 and a beta of 1.13. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The stock has a 50 day moving average price of $129.15 and a two-hundred day moving average price of $127.86.

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 company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 earnings per share. As a group, equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ABNB shares. Barclays set a $105.00 price target on Airbnb and gave the company an "underweight" rating in a report on Thursday, August 7th. Morgan Stanley decreased their price objective on shares of Airbnb from $130.00 to $120.00 and set an "underweight" rating for the company in a research note on Thursday, August 7th. Citizens Jmp raised shares of Airbnb to a "hold" rating in a research note on Monday, August 11th. JPMorgan Chase & Co. lifted their price target on shares of Airbnb from $120.00 to $130.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Finally, BMO Capital Markets set a $124.00 target price on shares of Airbnb and gave the company a "market perform" rating in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $141.19.

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.