Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,321 shares of the company's stock after buying an additional 2,190 shares during the quarter. Janus Henderson Group PLC's holdings in Airbnb were worth $7,402,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in Airbnb by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock worth $1,244,514,000 after purchasing an additional 72,991 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after buying an additional 2,590,475 shares during the last quarter. Northern Trust Corp lifted its stake in Airbnb by 8.4% in the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock valued at $564,647,000 after buying an additional 331,607 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Airbnb by 15.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock valued at $548,683,000 after buying an additional 558,856 shares during the last quarter. Finally, Norges Bank purchased a new stake in Airbnb in the fourth quarter valued at approximately $433,374,000. Hedge funds and other institutional investors own 80.76% of the company's stock.

Airbnb Price Performance

Shares of ABNB stock traded down $4.61 during mid-day trading on Wednesday, reaching $127.52. The stock had a trading volume of 6,685,953 shares, compared to its average volume of 4,893,247. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The company has a market cap of $79.88 billion, a P/E ratio of 30.88, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The business has a 50-day simple moving average of $122.28 and a 200 day simple moving average of $131.21. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly 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). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The firm had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The company's quarterly revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ABNB shares. Jefferies Financial Group upgraded Airbnb from a "hold" rating to a "buy" rating and boosted their price objective for the company from $165.00 to $185.00 in a research note on Monday, March 10th. Canaccord Genuity Group reduced their price objective on Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Monday, April 28th. JMP Securities reiterated a "market perform" rating on shares of Airbnb in a research note on Friday, May 2nd. Robert W. Baird reduced their price objective on Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a research note on Tuesday, March 25th. Finally, Truist Financial reduced their price objective on Airbnb from $123.00 to $112.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Airbnb currently has an average rating of "Hold" and an average price target of $141.43.

Insider Activity at Airbnb

In related news, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $123.43, for a total transaction of $771,437.50. Following the sale, the chief financial officer now owns 485,080 shares of the company's stock, valued at $59,873,424.40. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $141.93, for a total value of $30,413,470.05. Following the sale, the director now directly owns 428,575 shares in the company, valued at approximately $60,827,649.75. The trade was a 33.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,417,246 shares of company stock valued at $176,403,797 over the last quarter. Insiders own 27.91% of the company's stock.

Airbnb Company 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.