Czech National Bank Has $11.88 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Czech National Bank increased its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 99,425 shares of the company's stock after purchasing an additional 5,568 shares during the quarter. Czech National Bank's holdings in Airbnb were worth $11,877,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers lifted its position in shares of Airbnb by 2.4% during the 1st quarter. Rhumbline Advisers now owns 799,001 shares of the company's stock worth $95,449,000 after purchasing an additional 18,401 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in Airbnb by 2.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,006 shares of the company's stock worth $598,000 after buying an additional 112 shares during the period. Cascade Investment Advisors Inc. lifted its holdings in shares of Airbnb by 3.9% during the first quarter. Cascade Investment Advisors Inc. now owns 11,925 shares of the company's stock worth $1,425,000 after buying an additional 445 shares during the last quarter. Verde Capital Management boosted its position in shares of Airbnb by 4.7% in the first quarter. Verde Capital Management now owns 22,110 shares of the company's stock valued at $2,641,000 after acquiring an additional 992 shares during the period. Finally, Rothschild Investment LLC grew its stake in shares of Airbnb by 27.6% in the first quarter. Rothschild Investment LLC now owns 541 shares of the company's stock worth $65,000 after acquiring an additional 117 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $128.66, for a total transaction of $30,363,760.00. Following the transaction, the director now directly owns 1,416,015 shares in the company, valued at approximately $182,184,489.90. This represents a 14.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $130.18, for a total transaction of $91,126.00. Following the sale, the chief technology officer now owns 172,119 shares of the company's stock, valued at approximately $22,406,451.42. This represents a 0.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,630,959 shares of company stock valued at $201,301,859 over the last quarter. Corporate insiders own 27.91% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on ABNB. The Goldman Sachs Group upgraded shares of Airbnb from a "sell" rating to a "neutral" rating and upped their target price for the company from $110.00 to $153.00 in a research note on Friday, February 14th. Truist Financial restated a "sell" rating and set a $106.00 price objective (down previously from $112.00) on shares of Airbnb in a report on Friday. Phillip Securities cut shares of Airbnb from a "hold" rating to a "moderate sell" rating in a research note on Friday, May 9th. Barclays decreased their target price on Airbnb from $120.00 to $103.00 and set an "underweight" rating on the stock in a research report on Friday, May 2nd. Finally, BTIG Research restated a "neutral" rating on shares of Airbnb in a research note on Wednesday, May 28th. Five equities 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $141.23.

Airbnb Price Performance

Shares of ABNB stock traded up $3.28 during trading hours on Tuesday, hitting $132.90. 5,807,829 shares of the company's stock were exchanged, compared to its average volume of 4,958,398. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The stock has a market cap of $83.25 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The stock's 50-day moving average is $122.47 and its 200-day moving average is $130.62.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $2.27 billion for 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 firm's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

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.