Harel Insurance Investments & Financial Services Ltd. Has $1.73 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Harel Insurance Investments & Financial Services Ltd. boosted its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 72.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,455 shares of the company's stock after buying an additional 6,061 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Airbnb were worth $1,727,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in shares of Airbnb during the 4th quarter valued at about $26,000. Orion Capital Management LLC acquired a new stake in Airbnb during the fourth quarter valued at approximately $28,000. Stonebridge Financial Group LLC lifted its stake in Airbnb by 75.7% during the first 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 last quarter. Bartlett & CO. Wealth Management LLC lifted 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 valued at $31,000 after purchasing an additional 174 shares during the last quarter. Finally, Graney & King LLC purchased a new stake in shares of Airbnb in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $128.66, for a total transaction of $30,363,760.00. Following the transaction, the director owned 1,416,015 shares of the company's stock, valued at $182,184,489.90. The trade was a 14.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $120.00, for a total value of $750,000.00. Following the completion of the sale, the chief financial officer directly owned 491,330 shares of the company's stock, valued at approximately $58,959,600. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,392,543 shares of company stock valued at $178,305,416. 27.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ABNB. Morgan Stanley upped their price objective on shares of Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a research note on Thursday, April 17th. Jefferies Financial Group raised Airbnb from a "hold" rating to a "buy" rating and raised their price target for the company from $165.00 to $185.00 in a research report on Monday, March 10th. Canaccord Genuity Group reduced their target price on shares of Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Evercore ISI cut their price target on shares of Airbnb from $165.00 to $145.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. Finally, UBS Group dropped their price objective on shares of Airbnb from $160.00 to $138.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Airbnb currently has a consensus rating of "Hold" and a consensus price target of $141.47.

Airbnb Trading Down 0.0%

ABNB stock traded down $0.01 on Tuesday, hitting $136.99. The company's stock had a trading volume of 2,483,443 shares, compared to its average volume of 5,029,252. The stock has a market cap of $85.81 billion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.56 and a beta of 1.13. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The firm has a 50 day moving average of $132.01 and a two-hundred day moving average of $130.53.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.26 billion. Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. As a group, equities analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

About Airbnb

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.