China Universal Asset Management Co. Ltd. Has $1.28 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

China Universal Asset Management Co. Ltd. boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 51.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,692 shares of the company's stock after purchasing an additional 3,647 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Airbnb were worth $1,277,000 at the end of the most recent reporting period.

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

Airbnb Stock Performance

Shares of ABNB stock traded up $0.61 during mid-day trading on Thursday, hitting $137.46. 3,068,371 shares of the stock traded hands, compared to its average volume of 5,029,092. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The firm has a market cap of $86.10 billion, a price-to-earnings ratio of 34.70, a price-to-earnings-growth ratio of 2.57 and a beta of 1.13. The company's 50-day simple moving average is $132.54 and its 200-day simple moving average is $130.61.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The company had revenue of $2.27 billion during 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 business's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on ABNB. JPMorgan Chase & Co. reduced their target price on Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of Airbnb in a report on Wednesday, May 14th. Susquehanna reduced their target price on Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a report on Monday, May 5th. Citigroup dropped their price target on Airbnb from $170.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Finally, JMP Securities reiterated a "market perform" rating on shares of Airbnb in a research report on Friday, May 2nd. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $141.47.

Insider Buying and Selling

In related news, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction 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 transaction, the chief financial officer directly owned 485,080 shares in the company, valued at $59,873,424.40. The trade was a 1.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian Chesky sold 8,000 shares of Airbnb stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $128.33, for a total value of $1,026,640.00. Following the completion of the transaction, the chief executive officer owned 40,800 shares in the company, valued at $5,235,864. The trade was a 16.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,629,143 shares of company stock worth $210,676,703 in the last three months. 27.91% of the stock is currently owned by insiders.

Airbnb 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.