DekaBank Deutsche Girozentrale Raises Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

DekaBank Deutsche Girozentrale boosted its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 37.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,937 shares of the company's stock after purchasing an additional 45,682 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Airbnb were worth $19,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ABNB. Park Square Financial Group LLC purchased a new position in shares of Airbnb during the fourth quarter worth approximately $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb during the fourth quarter worth approximately $28,000. Stonebridge Financial Group LLC raised its stake in shares of Airbnb by 75.7% during the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock worth $29,000 after acquiring an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its stake in shares of Airbnb by 209.6% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock worth $31,000 after acquiring an additional 174 shares in the last quarter. Finally, Graney & King LLC purchased a new position in shares of Airbnb during the fourth quarter worth approximately $32,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In other news, CEO Brian Chesky sold 8,000 shares of Airbnb stock in a transaction dated 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 of the company's stock, valued at $5,235,864. The trade was a 16.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $123.43, for a total value of $771,437.50. Following the completion of the transaction, the chief financial officer directly owned 485,080 shares of the company's stock, valued at approximately $59,873,424.40. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,629,143 shares of company stock valued at $210,676,703 in the last quarter. 27.91% of the stock is owned by insiders.

Airbnb Stock Down 0.4%

Shares of ABNB stock traded down $0.62 during mid-day trading on Friday, reaching $136.39. 1,234,042 shares of the company's stock traded hands, compared to its average volume of 5,365,916. 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 $85.43 billion, a P/E ratio of 34.44, a P/E/G ratio of 2.56 and a beta of 1.13. The company's 50-day moving average price is $132.80 and its 200-day moving average price is $130.63.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $2.26 billion. Airbnb had a return on equity of 30.91% and a net margin of 22.60%. Airbnb's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. Equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on ABNB shares. Truist Financial reissued a "sell" rating and set a $106.00 price target (down from $112.00) on shares of Airbnb in a research note on Friday, May 30th. Phillip Securities cut shares of Airbnb from a "hold" rating to a "moderate sell" rating in a report on Friday, May 9th. Evercore ISI cut their target price on shares of Airbnb from $165.00 to $145.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Morgan Stanley raised their target price on shares of Airbnb from $125.00 to $130.00 and gave the stock an "underweight" rating in a report on Thursday, April 17th. Finally, Robert W. Baird cut their target price on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $141.47.

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.