Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Airbnb, Inc. by 12.8% during the first quarter, now holding 1,669,278 shares valued at approximately $199.4 million.
• A significant percentage of 80.76% of Airbnb's stock is owned by institutional investors, indicating strong market confidence.
• Despite beating earnings estimates with a reported $1.03 EPS, analysts have mixed ratings on Airbnb's stock, with a consensus rating of "Hold" and a target price of $143.59.

Deutsche Bank AG increased its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 12.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,669,278 shares of the company's stock after purchasing an additional 188,964 shares during the quarter. Deutsche Bank AG owned approximately 0.26% of Airbnb worth $199,412,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MJP Associates Inc. ADV increased its position in Airbnb by 1.8% during the 4th quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock valued at $490,000 after buying an additional 67 shares in the last quarter. Ellevest Inc. increased its position in Airbnb by 3.1% during the 4th quarter. Ellevest Inc. now owns 2,655 shares of the company's stock valued at $349,000 after buying an additional 80 shares in the last quarter. Harbour Investments Inc. increased its position in Airbnb by 12.2% during the 1st quarter. Harbour Investments Inc. now owns 738 shares of the company's stock valued at $88,000 after buying an additional 80 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in Airbnb by 4.4% during the 1st quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company's stock valued at $237,000 after purchasing an additional 83 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in Airbnb by 7.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,337 shares of the company's stock valued at $176,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Insiders Place Their Bets

In other news, CAO David C. Bernstein sold 5,000 shares of Airbnb stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $142.00, for a total value of $710,000.00. Following the completion of the sale, the chief accounting officer directly owned 42,619 shares of the company's stock, valued at approximately $6,051,898. The trade was a 10.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $139.39, for a total value of $83,634.00. Following the completion of the sale, the chief technology officer directly owned 209,777 shares of the company's stock, valued at $29,240,816.03. The trade was a 0.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,671,023 shares of company stock worth $223,195,427 in the last three months. 27.83% of the stock is owned by insiders.

Airbnb Stock Performance

Shares of ABNB stock traded up $3.31 during trading hours on Tuesday, reaching $121.61. The company had a trading volume of 6,105,673 shares, compared to its average volume of 5,334,185. The company has a market capitalization of $76.18 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 2.19 and a beta of 1.13. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The stock has a fifty day moving average of $134.73 and a 200-day moving average of $130.89.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. The company had revenue of $3.10 billion during the quarter, compared to analysts' expectations of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%. The firm's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. On average, analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Analysts Set New Price Targets

ABNB has been the topic of several research analyst reports. Evercore ISI dropped their price target on Airbnb from $165.00 to $145.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Piper Sandler dropped their price target on Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Jefferies Financial Group dropped their price target on Airbnb from $165.00 to $160.00 and set a "buy" rating on the stock in a research note on Monday. Barclays set a $105.00 price target on Airbnb and gave the company an "underweight" rating in a research note on Thursday, August 7th. Finally, BMO Capital Markets set a $124.00 price target on Airbnb and gave the company a "market perform" rating in a research note on Thursday, August 7th. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $142.72.

Airbnb Company 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.