Ethic Inc. Has $5.55 Million Stake in Airbnb, Inc. $ABNB

Key Points

• Ethic Inc. increased its holdings in Airbnb, Inc. by 10.6%, owning 45,812 shares valued at $5.55 million after purchasing an additional 4,405 shares in Q1.
• Several other institutional investors have also increased their stakes in Airbnb, with hedge funds owning 80.76% of the company's stock.
• Airbnb's stock has recently fluctuated between a 52-week low of $99.88 and a high of $163.93, with a current market cap of $77.74 billion.

Ethic Inc. raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,812 shares of the company's stock after purchasing an additional 4,405 shares during the period. Ethic Inc.'s holdings in Airbnb were worth $5,552,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Airbnb by 1.6% during the first quarter. Vanguard Group Inc. now owns 37,462,629 shares of the company's stock valued at $4,475,286,000 after acquiring an additional 604,120 shares during the period. Northern Trust Corp boosted its holdings in shares of Airbnb by 8.4% during the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock valued at $564,647,000 after acquiring an additional 331,607 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Airbnb by 74.4% during the first quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company's stock valued at $388,924,000 after acquiring an additional 1,389,251 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of Airbnb by 512.0% during the fourth quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company's stock valued at $404,782,000 after acquiring an additional 2,577,000 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Airbnb by 3.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,894,569 shares of the company's stock valued at $345,785,000 after acquiring an additional 103,925 shares during the period. Institutional investors own 80.76% of the company's stock.

Airbnb Stock Performance

NASDAQ ABNB traded down $1.2140 on Wednesday, reaching $124.7860. The company's stock had a trading volume of 2,789,719 shares, compared to its average volume of 5,298,190. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The stock has a market cap of $77.55 billion, a PE ratio of 30.24, a PEG ratio of 2.29 and a beta of 1.13. The firm's 50 day moving average is $133.24 and its two-hundred day moving average is $130.62.

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

Analyst Ratings Changes

ABNB has been the subject of several analyst reports. Truist Financial reissued a "sell" rating and set a $106.00 price target (down previously from $112.00) on shares of Airbnb in a report on Friday, May 30th. BNP Paribas raised shares of Airbnb to a "hold" rating in a report on Wednesday, July 16th. JMP Securities reissued a "market perform" rating on shares of Airbnb in a report on Friday, May 2nd. JPMorgan Chase & Co. boosted their price target on shares of Airbnb from $120.00 to $130.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, Cantor Fitzgerald reaffirmed an "underweight" rating and issued 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 assigned a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Airbnb currently has an average rating of "Hold" and an average price target of $142.72.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $129.71, for a total value of $30,611,560.00. Following the completion of the sale, the director directly owned 236,015 shares of the company's stock, valued at approximately $30,613,505.65. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO David C. Bernstein sold 5,000 shares of the business's stock in a transaction dated 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 approximately $6,051,898. The trade was a 10.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,454,493 shares of company stock valued at $194,497,481 over the last 90 days. Insiders own 27.83% of the company's stock.

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.