Dynamic Technology Lab Private Ltd Acquires Shares of 13,468 Airbnb, Inc. $ABNB

Key Points

• Dynamic Technology Lab Private Ltd acquired 13,468 shares of Airbnb, Inc., valued at approximately $1,609,000, indicating growing institutional interest in the company.
• Several other institutional investors also increased their positions, with Harris Associates L P boosting its holdings by 86.0% during the same period.
• Analysts have mixed outlooks on Airbnb, with target prices ranging from $100.00 to $142.66 and an average rating of "Hold" based on recent reports.

Dynamic Technology Lab Private Ltd purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,468 shares of the company's stock, valued at approximately $1,609,000.

Other institutional investors also recently modified their holdings of the company. Park Square Financial Group LLC bought a new stake in Airbnb during the fourth quarter valued at $26,000. Orion Capital Management LLC acquired a new position in shares of Airbnb in the 4th quarter valued at about $28,000. Stonebridge Financial Group LLC lifted its stake in shares of Airbnb by 75.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock valued at $29,000 after purchasing an additional 106 shares during the period. Bartlett & CO. Wealth Management LLC grew its stake in 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 purchasing an additional 174 shares during the period. Finally, SouthState Corp increased its holdings in Airbnb by 216.1% in the first quarter. SouthState Corp now owns 294 shares of the company's stock worth $35,000 after purchasing an additional 201 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Airbnb news, insider Nathan Blecharczyk sold 2,246 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total value of $281,199.20. Following the completion of the transaction, the insider owned 182,514 shares in the company, valued at $22,850,752.80. This represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief accounting officer owned 42,619 shares in the company, valued at $6,051,898. The trade was a 10.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,438,926 shares of company stock worth $188,880,433 in the last ninety days. Company insiders own 27.83% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ABNB shares. Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a research report on Wednesday, May 14th. JPMorgan Chase & Co. boosted their target price on shares of Airbnb from $120.00 to $130.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Truist Financial lowered their target price on shares of Airbnb from $106.00 to $104.00 and set a "sell" rating on the stock in a report on Wednesday, September 3rd. Citizens Jmp upgraded Airbnb to a "hold" rating in a research note on Monday, August 11th. Finally, Cantor Fitzgerald reissued an "underweight" rating and set a $100.00 price objective on shares of Airbnb in a report on Wednesday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nineteen have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $142.66.

Airbnb Stock Down 0.6%

ABNB stock traded down $0.81 during trading on Tuesday, reaching $123.81. The stock had a trading volume of 3,603,949 shares, compared to its average volume of 4,308,686. The company has a market capitalization of $76.94 billion, a price-to-earnings ratio of 29.98, a P/E/G ratio of 2.27 and a beta of 1.13. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The company's 50 day moving average is $131.25 and its two-hundred day moving average is $128.92.

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