Compagnie Lombard Odier SCmA Invests $6.35 Million in Airbnb, Inc. (NASDAQ:ABNB)

Compagnie Lombard Odier SCmA purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 53,165 shares of the company's stock, valued at approximately $6,351,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ABNB. Fort Washington Investment Advisors Inc. OH raised its position in shares of Airbnb by 16.0% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 897,942 shares of the company's stock valued at $107,268,000 after buying an additional 123,998 shares during the last quarter. Fifth Third Bancorp lifted its stake in Airbnb by 3.3% in the 1st quarter. Fifth Third Bancorp now owns 22,999 shares of the company's stock worth $2,747,000 after purchasing an additional 729 shares in the last quarter. Simon Quick Advisors LLC grew its position in shares of Airbnb by 68.5% in the first quarter. Simon Quick Advisors LLC now owns 6,533 shares of the company's stock valued at $780,000 after purchasing an additional 2,655 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Airbnb by 119.7% in the first quarter. Assenagon Asset Management S.A. now owns 1,506,704 shares of the company's stock valued at $179,991,000 after purchasing an additional 820,887 shares during the last quarter. Finally, Integrated Advisors Network LLC grew its holdings in Airbnb by 8.1% in the 1st quarter. Integrated Advisors Network LLC now owns 2,387 shares of the company's stock valued at $285,000 after buying an additional 179 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 236,000 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $139.40, for a total value of $32,898,400.00. Following the transaction, the director now directly owns 1,180,015 shares of the company's stock, valued at approximately $164,494,091. This represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total value of $88,200.00. Following the sale, the chief technology officer now owns 171,419 shares of the company's stock, valued at approximately $21,598,794. This represents a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,663,033 shares of company stock worth $208,384,185. 27.91% of the stock is currently owned by company insiders.

Airbnb Trading Up 0.5%

ABNB traded up $0.75 during trading on Thursday, reaching $138.81. The company had a trading volume of 3,459,713 shares, compared to its average volume of 5,014,601. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The company has a market cap of $86.95 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 3.52 and a beta of 1.14. The firm's 50-day simple moving average is $125.06 and its 200 day simple moving average is $130.82.

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. BTIG Research reaffirmed a "neutral" rating on shares of Airbnb in a research report on Wednesday, May 28th. Wedbush downgraded shares of Airbnb from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $150.00 to $135.00 in a research note on Friday, May 2nd. Susquehanna lowered their price objective on shares of Airbnb from $200.00 to $150.00 and set a "positive" rating for the company in a research report on Monday, May 5th. B. Riley decreased their price target on Airbnb from $145.00 to $140.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group raised Airbnb from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $110.00 to $153.00 in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $141.23.

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.