17,315 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,315 shares of the company's stock, valued at approximately $2,126,000.

A number of other institutional investors have also recently bought and sold shares of ABNB. Geode Capital Management LLC grew its position in shares of Airbnb by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock valued at $1,244,514,000 after purchasing an additional 72,991 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Airbnb by 147.3% in the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after acquiring an additional 2,590,475 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Airbnb by 8.4% in the 4th quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock valued at $564,647,000 after acquiring an additional 331,607 shares during the last quarter. Renaissance Technologies LLC grew its stake in Airbnb by 15.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock worth $548,683,000 after purchasing an additional 558,856 shares during the period. Finally, Norges Bank acquired a new stake in Airbnb during the fourth quarter worth approximately $433,374,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Stock Up 2.4%

ABNB traded up $3.35 during trading on Friday, hitting $140.64. 8,960,261 shares of the company's stock traded hands, compared to its average volume of 5,002,332. The company's 50 day simple moving average is $123.61 and its two-hundred day simple moving average is $130.76. The stock has a market capitalization of $88.10 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 3.52 and a beta of 1.14. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the business posted $0.41 earnings per share. Airbnb's revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $132.52, for a total transaction of $28,397,048.20. Following the completion of the transaction, the director now owns 1,652,015 shares in the company, valued at $218,925,027.80. The trade was a 11.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nathan Blecharczyk sold 2,245 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $134.03, for a total value of $300,897.35. Following the transaction, the insider now owns 188,173 shares of the company's stock, valued at $25,220,827.19. This trade represents a 1.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,642,018 shares of company stock valued at $202,748,249 over the last ninety days. 27.91% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ABNB has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. BTIG Research reissued a "neutral" rating on shares of Airbnb in a research report on Wednesday, May 28th. Barclays decreased their price objective on Airbnb from $120.00 to $103.00 and set an "underweight" rating on the stock in a research note on Friday, May 2nd. Susquehanna reduced their target price on Airbnb from $200.00 to $150.00 and set a "positive" rating for the company in a research report on Monday, May 5th. Finally, Robert W. Baird cut their price objective on Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a report on Tuesday, March 25th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Airbnb currently has a consensus rating of "Hold" and an average target price of $141.23.

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.