Gateway Investment Advisers LLC Makes New Investment in Airbnb, Inc. (NASDAQ:ABNB)

Gateway Investment Advisers LLC bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,197 shares of the company's stock, valued at approximately $262,000.

Other institutional investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in Airbnb during the fourth quarter worth $1,445,000. EFG Asset Management Americas Corp. purchased a new stake in shares of Airbnb in the fourth quarter valued at $4,406,000. Jones Financial Companies Lllp lifted its position in shares of Airbnb by 43.0% in the fourth quarter. Jones Financial Companies Lllp now owns 7,166 shares of the company's stock valued at $942,000 after acquiring an additional 2,155 shares in the last quarter. Vested Financial Planning LLC purchased a new stake in shares of Airbnb in the fourth quarter valued at $262,000. Finally, Deutsche Bank AG lifted its position in shares of Airbnb by 11.5% in the fourth quarter. Deutsche Bank AG now owns 1,480,314 shares of the company's stock valued at $194,528,000 after acquiring an additional 153,020 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Airbnb news, insider Nathan Blecharczyk sold 2,245 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $134.03, for a total transaction of $300,897.35. Following the completion of the sale, the insider now owns 188,173 shares in the company, valued at $25,220,827.19. This trade represents a 1.18% 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, Director Joseph Gebbia sold 236,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $139.40, for a total value of $32,898,400.00. Following the sale, the director now owns 1,180,015 shares of the company's stock, valued at approximately $164,494,091. This trade represents a 16.67% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,663,033 shares of company stock worth $208,384,185. 27.91% of the stock is currently owned by corporate insiders.

Airbnb Stock Down 2.4%

Shares of ABNB stock traded down $3.27 during trading hours on Friday, reaching $135.54. The company had a trading volume of 5,090,904 shares, compared to its average volume of 5,017,162. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The company has a market capitalization of $84.90 billion, a P/E ratio of 32.82, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The stock's fifty day simple moving average is $125.71 and its 200 day simple moving average is $130.81.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the business posted $0.41 EPS. Airbnb's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ABNB. Baird R W upgraded Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. DA Davidson upgraded Airbnb from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $170.00 to $155.00 in a research report on Wednesday, April 30th. Cantor Fitzgerald restated an "underweight" rating and issued a $100.00 price objective on shares of Airbnb in a research report on Wednesday, May 14th. Tigress Financial upped their price objective on Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, March 14th. Finally, JMP Securities restated a "market perform" rating on shares of Airbnb in a research report on Friday, May 2nd. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $141.23.

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.