Generate Investment Management Ltd Invests $3.69 Million in Airbnb, Inc. (NASDAQ:ABNB)

Generate Investment Management Ltd bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 30,895 shares of the company's stock, valued at approximately $3,691,000.

Other institutional investors also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new position in shares of Airbnb during the fourth quarter valued at approximately $26,000. Orion Capital Management LLC bought a new position in shares of Airbnb during the fourth quarter valued at approximately $28,000. Graney & King LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at approximately $44,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Airbnb during the fourth quarter valued at approximately $49,000. 80.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of recent analyst reports. Citigroup cut their price target on shares of Airbnb from $170.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Robert W. Baird cut their target price on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. B. Riley cut their target price on shares of Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Phillip Securities cut shares of Airbnb from a "hold" rating to a "moderate sell" rating in a research note on Friday, May 9th. Finally, Evercore ISI dropped their price target on shares of Airbnb from $165.00 to $145.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $141.23.

Airbnb Trading Up 1.2%

Shares of ABNB stock opened at $132.15 on Wednesday. The company has a market capitalization of $82.78 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 2.44 and a beta of 1.14. The firm has a fifty day simple moving average of $128.80 and a 200-day simple moving average of $130.50. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a return on equity of 30.91% and a net margin of 22.60%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the company posted $0.41 earnings per share. Equities research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $128.66, for a total value of $30,363,760.00. Following the completion of the transaction, the director now directly owns 1,416,015 shares in the company, valued at $182,184,489.90. This trade represents a 14.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $119.67, for a total transaction of $83,769.00. Following the completion of the sale, the chief technology officer now directly owns 170,019 shares of the company's stock, valued at $20,346,173.73. This trade represents a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,410,087 shares of company stock valued at $175,773,584. Company 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.

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